Pension trustees and other pension practionners came to Ottawa in May to discuss the growing concern that pension funds are being invested in public-private partnerships and other schemes to privatize public services.
Audio Proceedings: Pension Trustees Conference
Files are in MP3 format and are very big! In mixed english and french
The two day conference featured presentations from reknowned pension experts as well as panels, plenary sessions and workshops with CUPE members some who sit on pension boards, others who have no pension at all.
Université de Québec a Montreal professor Éric Pineault packed as much information as possible into a one hour presentation and left participants wanting more.
“P3s are designed to be advantageous to investors and so it is not surprising that pension funds are being considered as growing investment source of these schemes,” Pineault said.
Independent financial analyst Diane Urquhart spoke to participants about the regulatory gaps that exist in the Canadian financial sector.
Urquhart, a vocal proponent of stronger financial sector regulation and enforcement spoke about the Asset Backed Commercial Paper debacle.
“Worker retirement programs in Canada stand to suffer estimated losses of $7 to 13 billion from the rerouting of Asset-Backed Commercial Paper in Canada, which was supposed to have been a ‘secure’ investment,” she said.
This article will appear in the fall 2008 edition of Organize Magazine.