Provincial leaders want more independence from the federal government and commissioned a report to study potential financial terms of a separate fund.

The position will report to the director of emerging managers, while the pension giant is also seeking an assistant counsel for investments.

The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.

The C$249.8 billion pension fund has named Stephen McLennan acting head of investments.

The new rule applies an 80% investment policy that extends far wider than just ESG funds.