Alberta’s early consultations on provincial pension proposal criticized by CPP Investment Board

Canada Pension Plan Investment Board is criticizing the Alberta government’s early outreach on a controversial plan to establish a provincial pension plan, alleging it shows “undisguised” bias and aims “to direct opinions rather than seek them.”

In response, Alberta Finance Minister and Treasury Board President Nate Horner said in a written statement that the CPPIB “has a vested interest in maintaining the status quo.” A preamble to the survey repeats estimates from the LifeWorks report that Alberta could reap “$5-billion in yearly savings” from lower pension plan contribution rates, which could potentially reduce premiums paid by individuals and businesses by as much as $1,425 each year. Critics have said those are best-case estimates relying on shaky assumptions that minimize the risks involved in withdrawal from the CPP.

CPPIB also criticizes an advertising campaign the government launched as “unbalanced and incomplete,” as well as “undisguised in its bias toward the APP.”

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Money Matters with Baun and Pate Investment Group at Wellington-Altus Private WealthThe Baun and Pate Investment Group at Wellington-Altus Private Wealth joins Global News Morning Calgary to offer insight into the day’s biggest market stories.
Fonte: GlobalCalgary - 🏆 50. / 61 Consulte Mais informação »

BlackRock Investment Institute raises rating of long-dated US TreasuriesExplore stories from Atlantic Canada.
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

South Korea Plans to Fine Two Global Investment Banks for Naked Short Selling(Bloomberg) -- South Korea’s financial watchdog is proposing the imposition of record fines on two global investment banks for “routinely and intentionally” ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Labour Investment Plans Could Deliver ‘Meaningful’ Boost for UKThe UK Labour Party’s plans to borrow to fund greater public investment could have a “lasting and meaningful” positive impact on the economy, according to analysis from Bloomberg Economics.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Umicore cuts investment target after expanding EV battery materials productionExplore stories from Atlantic Canada.
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »