In spite of overall losses, Canadian defined benefit pension plans saw their financial positions improve on a solvency and accountancy basis in April, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic that of a typical pension saw its assets decline by 5.3 per cent over the month. Despite this, the […]
Jesus had a fractious relationship with the financial sector of his day. For those who work at the intersection of religion and finance, the reverberations of his courtyard scuffle with a group of moneylenders remain the source of controversy. Fortunately for Derek Hurst, manager of the Pension Plan of the United Church of Canada, he […]
Despite rising concerns about inflation and the war in Ukraine, the funded position of a typical Canadian defined benefit pension plan improved slightly on both a solvency and accounting basis in February, according to a new report by LifeWorks Inc. In February, the solvency of the average DB pension plan rose by half a per […]
As a nuclear power provider, Bruce Power’s culture emphasizes the importance of risk-averseness. This is reflected in the company’s efforts to secure the indexed benefits offered to its 6,500 defined benefit pension plan members. “We have many, many checks and balances in place — not just on the operational side, but also when it comes […]
Trans-Canada Capital Inc., an investment manager that was spun out of Air Canada’s defined benefit pension plans in 2019, is a signatory of the United Nations-backed principles for responsible investment. The PRI is a set of principles that reflect the view that environmental, social and corporate governance issues need to be appropriately considered in the […]
With many defined benefit pension plan solvency ratios at all-time highs, plan sponsors have an excellent opportunity to rethink their approach to investing, according to Shivin Kwatra, head of liability-driven investing portfolio management at Insight Investments. “It is important to highlight two approaches to investing: one [is] traditional — a mean variance framework of maximizing […]
The OPSEU Pension Trust is shifting toward responsible investing as environmental, social and governance factors become increasingly more material to returns for institutional investors. “We’re seeing a lot of shifting sands around consumer preferences and expectations,” said Alison Loat, managing director of sustainable investing and innovation at OPTrust, during a session at the Canadian Investment Review‘s […]
“Inflation is here and it has a meaningful impact on portfolios and financial assets,” said Ilan Kolet, an institutional portfolio manager at Fidelity Investments Inc., during a session at the Canadian Investment Review‘s 2021 Investment Innovation Conference. “I don’t think this will be a shock to anyone in the room or online.” Highlighting the most […]
With interest rates trending downward over several decades, liability-driven investing has proven to be a successful strategy for the Canadian Broadcasting Corp. Pension Plan. The maturity of the plan — which currently sits at $8 billion and has an active membership of 38 per cent — drove many of the decisions around adopting the LDI […]
Canada’s largest public pension plans are more heavily invested in private equity than other global public pension plans, according to a new report by British think tank the Official Monetary and Financial Institutions Forum. “What really distinguishes the Canadian model is this large exposure to private equity, which stands out from across the sample, . […]