annual report – Benefits Canada.com

BCI reports 7.5% annual return, assets grow to $250.4BN

bmcgovern — Fri, 28 Jun 2024 19:00:41 +0000

The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5 per cent the previous fiscal year, according to its latest annual report. The report, which reflects the results from the investments of its six largest pension clients — the BC Hydro Pension […]

The post BCI reports 7.5% annual return, assets grow to $250.4BN appeared first on Benefits Canada.com.

Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 21 Jun 2024 13:00:45 +0000

A story discussing the factors leading employees to delay taking time off and instead engage in ‘quiet vacationing’ was the most-read story this week on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Employees hesitant to take time off turning to ‘quiet vacationing’: expert 2. 42% of […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

PSP Investments generates 7.2% annual return, net assets increase to $264.9BN

bmcgovern — Tue, 18 Jun 2024 13:00:09 +0000

The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]

The post PSP Investments generates 7.2% annual return, net assets increase to $264.9BN appeared first on Benefits Canada.com.

UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN

bmcgovern — Wed, 12 Jun 2024 19:00:44 +0000

The University Pension Plan generated a net return of 10.2 per cent in 2023, up from a 9.1 per cent loss in 2022, according to its latest annual report. As of Dec. 31, 2023, the investment organization’s net assets increased to $11.7 billion, up from $10.8 billion in 2022. It also reported a funded status […]

The post UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN appeared first on Benefits Canada.com.

Manitoba’s TRAF returns -0.42%, increases funded ratio in 2022

Jennifer Paterson — Mon, 31 Jul 2023 19:00:46 +0000

Manitoba’s Teachers’ Retirement Allowances Fund returned negative 0.42 per cent in 2022, exceeding its benchmark return of negative 5.04 per cent. “While we are pleased with these short-term results, our longer-term results are equally favourable,” said Jeff Norton, the TRAF’s president and chief executive officer, in its annual report. “Over the past 20 years to […]

The post Manitoba’s TRAF returns -0.42%, increases funded ratio in 2022 appeared first on Benefits Canada.com.

University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

The post University Pension Plan’s assets declined 9.1% in 2022, led by public equities appeared first on Benefits Canada.com.

PSP Investments returns 4.4% led by infrastructure investments

Gideon Scanlon — Thu, 08 Jun 2023 16:30:01 +0000

The Public Sector Pension Investment Board is reporting a net return of 4.4 per cent for fiscal 2023. As of March 31, 2023, the investment organization had $243.7 billion in net assets under management, up 5.7 per cent from $230.5 billion at the end of the previous fiscal year. It also reported a 10-year annualized […]

The post PSP Investments returns 4.4% led by infrastructure investments appeared first on Benefits Canada.com.

CPPIB’s annual report greenwashing investment strategies, says watchdog

Gideon Scanlon — Thu, 01 Jun 2023 16:30:40 +0000

The Canada Pension Plan Investment Board’s latest annual report greenwashes its investment strategies, according to Shift Action for Pension Wealth and Planet Health. “[A close reading] of its 2023 annual report shows Canada’s national pension manager continues to obscure its exposure to and prolongation of the fossil fuel economy while failing to understand that its […]

The post CPPIB’s annual report greenwashing investment strategies, says watchdog appeared first on Benefits Canada.com.

N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report

Gideon Scanlon — Thu, 04 May 2023 16:30:40 +0000

The Nova Scotia Teachers’ Pension Plan’s funded status dipped from 82.5 per cent to 75.1 per cent on a going-concern basis in 2022, according to its annual report. The decrease in the funded ratio year over year was due to the asset losses in 2022 and to the fact the plan’s discount rate was maintained […]

The post N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report appeared first on Benefits Canada.com.

AIMCo CEO seeking to win trust of pension clients: report

Gideon Scanlon — Wed, 06 Jul 2022 16:15:29 +0000

After a record-breaking year, Alberta’s public sector investment fund manager is seeking to earn the trust of its client pension funds. “A combination of factors had undermined trust between AIMCo and some of our clients,” wrote Evan Siddall, chief executive officer of the Alberta Investment Management Corp., in the organization’s 2021 annual report. “Whatever the reasons, […]

The post AIMCo CEO seeking to win trust of pension clients: report appeared first on Benefits Canada.com.