Canadian DB plans – Benefits Canada.com

Trusteed pension funds’ assets valued at $2.2TN in Q1 2023: StatsCan

lbailey — Tue, 10 Oct 2023 13:00:43 +0000

The value of Canadian trusteed pension funds’ assets rose by $40.9 billion — roughly two per cent — in the first quarter of 2023 to $2.2 trillion, according to a new report by Statistics Canada. Within trusteed plans, public sector assets grew five per cent to $1.7 trillion, while private sector assets increased to $451 billion. Total revenue decreased […]

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CPPIB appointing Maximilian Biagosch as senior managing director, global head of real assets

Gideon Scanlon — Thu, 23 Feb 2023 17:00:43 +0000

The Canada Pension Plan Investment Board is appointing Maximilian Biagosch as senior managing director and global head of real assets. Biagosch joined the CPPIB in 2015 and most recently served as senior managing director and head of Europe and direct private equity. In his new role, he’ll continue to serve as the CPPIB’s head of […]

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Canadian DB pension plans down 12.8% in 2022: report

Gideon Scanlon — Mon, 30 Jan 2023 20:00:22 +0000

The median Canadian defined benefit pension plan returned 2.8 per cent during the last quarter of 2022 after facing losses of 12.8 per cent over the course of the year, according to a new report by Northern Trust Canada. The report draws from the Northern Trust Canada universe, which tracks the performance of Canadian DB plans. […]

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2022 DBIF coverage: 2023 market insights and DB plan portfolio positioning

Gideon Scanlon — Mon, 19 Dec 2022 12:59:29 +0000

Consensus expectations for U.S. inflation and interest rates in 2023 are overly optimistic, said Robert Forsyth, head of SPDR exchange-traded funds strategy and research at State Street Global Advisors SPDR, during a session at the Canadian Investment Review‘s 2022 Defined Benefit Investment Forum. “Our view is that the futures market is still pricing in an […]

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$13.5BN HSBC Canada Bank acquisition a win for pension plans, says RBC CEO

Gideon Scanlon — Thu, 01 Dec 2022 17:00:24 +0000

A deal for the Royal Bank of Canada to absorb HSBC Bank Canada for $13.5 billion is good news for pension plans, said Dave McKay, chief executive officer of RBC. “This is good for shareholders ⁠— which are largely pension funds ⁠— and that’s average Canadian pension funds,” said McKay during a conference call. The […]

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Canadian DB pension plan assets dropped 2.8% in September: report

Gideon Scanlon — Tue, 11 Oct 2022 15:30:37 +0000

The value of a typical Canadian defined benefit pension plan’s assets declined in September, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets shrink by 2.8 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]

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Expert panel: Weighing the benefits, pitfalls of investing in Canadian equity

Gideon Scanlon — Thu, 22 Sep 2022 16:00:18 +0000

Why should defined benefit pension plans invest in Canadian equity markets at all? It’s a question many DB plan sponsors began asking themselves in the mid-1990s. At that time, the federal government removed foreign content limitations on pension plans and again, later, when it made similar changes for individual registered retirement savings plans. These regulatory […]

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Green urban real estate investing pays off for pension funds: expert

Gideon Scanlon — Thu, 13 Jan 2022 18:30:26 +0000

Canadian pension funds are generating value by investing in green urban real estate using a two-pronged strategy, according to a paper on the Social Science Research Network. “Through this model of impact investing, Canadian pension funds create the value from the ground up and drive the sustainable development of large cities,” wrote authors Sebastien Betermier, […]

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HOOPP exchanges property portfolio for stake in new REIT

Gideon Scanlon — Thu, 06 Jan 2022 14:00:49 +0000

The Healthcare of Ontario Pension Plan is exchanging a property portfolio for a stake in a new real estate investment trust. Under the terms of the deal, eight properties — which a recent appraisal valued at $800 million — were given by the HOOPP to the Toronto-based Primaris Management Inc. In exchange, the HOOPP received […]

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