Ontario Teacher’s Pension Plan bringing in new investment partners at UK airports + MORE Oct 31st

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LONDON _ The Ontario Teachers’ Pension Plan says it is selling off 30 per cent of its stakes at two United Kingdom regional airports to broaden its investment strategy.
The deal will see Australia’s New South Wales Treasury Corporation and Sunsuper Superannuation Fund each acquire a 15 per cent stake of Ontario Teachers’ ownership in Bristol Airport and Birmingham Airport.
Ontario Teachers’ has been an investor at the two airports since 2001, increasing its stakes to 100 per cent at Bristol and 48.25 per cent at Birmingham in 2014 with the intention of bringing in new partners.
Following completion, Ontario Teachers’ will own 70 per cent of Bristol Airport and 33.8 per cent of Birmingham Airport.
The sale is expected to complete in late November.
Bristol Airport is the ninth-largest airport in the U.K. with 7.5 million passengers in 2016 and Birmingham Airport is the seventh-largest airport in the U.K. with 11.6 million passengers in 2016.
“Working with like-minded partners who bring new ideas, capital and expertise to the table is core to our broader investment strategy,” said Andrew Claerhout, head of infrastructure at Ontario Teachers’…

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OTTAWA — Of all the headaches Bill Morneau is nursing these days, this might be the least of them: what’s the best way to donate millions of dollars in stock-market gains to charity?
Nice problem to have, many Canadians might say.
But even finance ministers have to manage their money, and Morneau is doubtless well aware of the whopping tax bill that will accompany the sale of roughly $21-million worth of shares in his former company, Morneau Shepell.
READ: What’s in Bill Morneau’s wallet?
A cynic might suggest that’s part of the reason he has decided to make a charitable donation out of the difference between what the shares are worth today and what they were worth in 2015 when he first became finance minister — a dollar figure roughly estimated at around $5 million.
Donating that much to charity will bring a sizeable tax credit that should help to soften the blow. But experts have advice for anyone contemplating such a decision: donate the shares themselves instead of selling them…

Continue Reading On moneysense.ca »

How to choose the right insurance
Q: My husband is 57 and I am 45. I am currently a stay at home mom to a 12-year old with autism. We have life and disability insurance on our mortgage. My husband no longer qualifies for critical illness through our bank as he is 57.
He also has short term and long-term benefits through his employer.
Should we switch to term insurance through a private insurance company for our insurance instead of paying $292 biweekly for mortgage life and disability? Can we even get disability insurance through a private insurance company? Also, should I keep this insurance since I am not employed?
—Tara
A: Insurance can be a bit of a pain. It can be expensive and often, it’s simply a sunk cost.
But when you need it, insurance is really important. And when it comes to managing financial risk, it is essential for most young families.
Your husband, Tara, likely has a real need for life and disability insurance. If you and your son would be in financial difficulty if he died, he needs life insurance…

Continue Reading On moneysense.ca »

Fox NewsRepublicans who won't be coming back to Congress after 2018 midterm electionsFox NewsRep. Jeb Hensarling, R-TX., announced Tuesday that he will not run for re-election in 2018. The news comes after Sen. Jeff Flake, R-Ariz., an ardent critic of President Trump, announced earlier in October that he would not seek re-election …Texas Rep. Hensarling latest GOP House retirementNational PostHensarling, GOP Lawmaker Who Oversees Wall Street, to RetireBloombergRep. Jeb Hensarling, staunch opponent of financial regulations, says he will retireWashington PostThe Hill -New York Post -HuffPost -Financial Timesall 65 news articles »

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