Logically, investment theory's next frontier is to put into practice the rich set of tools that academia has bestowed on the investment community - starting with Harry Markowitz's seminal article on portfolio selection in 1952. Or is it? In fact, the next frontier lies beyond simply engineering...

A 1997 investigation into the quality of pension fund governance uncovered a wide-spread board competency problem. This follow-on study analyzes the findings of a new survey on pension fund governance, to which an international group of 88 senior pension fund executives responded. Survey...

As Ontario pushes ahead with pension reform to improve retirement security for its citizens, it should consider a “middle-way” solution between current competing visions for reform, according to a report released today by the C.D. Howe institute. In “Helping Ontarians Save for Retirement:...

The Canadian federal government’s Bill C-25 provides for a new type of tax sheltered savings plan for Canadians called a pooled registered pension plan (PRPP). In its current form, however, the design blueprint falls short of its primary objective: to ensure that the majority of Canadians who...

Canadians successfully reformed the Canada/Quebec Pension Plans in the 1990s. Now we must do the same for the rest of our Retirement Income System. This paper offers both a vision and a plan to provide a decent post-work standard of living for the millions of Canadian workers currently...