Canadian defined benefit pension plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 18 Nov 2024 21:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canadian pension risk transfer sales decrease to $2.1BN in Q3 2024: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/canadian-pension-risk-transfer-sales-decrease-to-2-1bn-in-q3-2024-report/ Thu, 07 Nov 2024 16:00:54 +0000 https://www.benefitscanada.com/?p=162223 The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.1 billion in the third quarter of 2024, a small decline from $2.5 billion in the previous quarter, according to a new report by Telus Health. It noted some insurers are showing a strong appetite and offer competitive pricing […]

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]]> How are political tensions between Canada, India impacting institutional investors? https://www.benefitscanada.com/canadian-investment-review/emerging-global-markets-canadian-investment-review/how-are-political-tensions-between-canada-india-impacting-institutional-investors/ Thu, 31 Oct 2024 15:00:50 +0000 https://www.benefitscanada.com/?p=162006 While political tensions have recently flared between Canada and India, institutional investors are unlikely to adjust their capital allocation to the country, says Partha Mohanram, John H. Watson chair in value investing at the Rotman School of Management at the University of Toronto. “I don’t [have] any indication that you’re going to see any kind […]

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]]> Average Canadian DB pension plan returns 5.1% in Q3 2024: report https://www.benefitscanada.com/news/average-canadian-db-pension-plan-returns-5-1-in-q3-2024-report/ Thu, 31 Oct 2024 15:00:37 +0000 https://www.benefitscanada.com/?p=162163 The average Canadian defined benefit pension plan returned 5.1 per cent during the third quarter of 2024, an increase from 1.1 per cent in the previous quarter, according to a new report by RBC Investor Services. It found Canadian DB plans achieved an average return of 9.6 per cent on a year-to-date basis. The growth […]

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]]> Average Canadian DB pension plan returns 0.4% in September: report https://www.benefitscanada.com/canadian-investment-review/research-markets/average-canadian-db-pension-plan-returns-0-4-in-september-report/ Thu, 17 Oct 2024 15:00:50 +0000 https://www.benefitscanada.com/?p=161358 The funded position of a typical Canadian defined benefit pension plan decreased to 107 per cent in August, down from to 107.8 per cent at the end of July, according to Telus Health’s latest pension index. It found a representative pension plan portfolio returned 0.4 per cent for the month due to strong performances by Canadian equities […]

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]]> ICPM celebrating 20 years of promoting strong pension governance practices https://www.benefitscanada.com/pensions/governance-law/icpm-celebrating-20-years-of-promoting-strong-pension-governance-practices/ Tue, 01 Oct 2024 15:00:44 +0000 https://www.benefitscanada.com/?p=160745 The International Centre for Pension Management is celebrating 20 years of promoting strong pension governance practices by regularly engaging plan sponsor members, says Sebastien Betermier, the organization’s executive director. “It’s a milestone and it speaks to the value of having candid and quality exchanges among the pension funds . . . it’s a safe space for them […]

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]]> How are Canadian DB pension plan sponsors making use of surplus funds amid positive funded status environment? https://www.benefitscanada.com/pensions/defined-benefit-pensions/how-are-canadian-db-pension-plan-sponsors-making-use-of-surplus-funds-amid-positive-funded-status-environment/ Thu, 26 Sep 2024 15:00:26 +0000 https://www.benefitscanada.com/?p=160541 With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of surplus funds, says Gavin Benjamin, a partner in the retirement and benefits solutions practice at Telus Health. The funded position of a typical Canadian defined benefit pension plan rose on […]

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]]> Feds seeking feedback on solvency reserve accounts for federally regulated DB pension plans https://www.benefitscanada.com/pensions/defined-benefit-pensions/govt-seeking-feedback-on-solvency-reserve-accounts-for-federally-regulated-db-pension-plans/ Thu, 26 Sep 2024 15:00:19 +0000 https://www.benefitscanada.com/?p=160504 The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s proposed model, first announced in 2022, these accounts would be optional and constitute a separate account within a DB plan. In a press release, the government said solvency reserve accounts […]

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]]> Average Canadian DB pension plan returns 1.1% in Q2 2024: reports https://www.benefitscanada.com/canadian-investment-review/research-markets/average-canadian-db-pension-plan-returns-1-1-in-q2-2024-reports/ Wed, 07 Aug 2024 13:00:56 +0000 https://www.benefitscanada.com/?p=158847 The average Canadian defined benefit pension plan posted a median return of 1.1 per cent in the second quarter of 2024, according to a new report by RBC Investor Services. The report, which tracks performance and asset allocation across Canadian DB plans, also found that the plans saw a return of 4.4 per cent for […]

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]]> Average funded ratio of Canadian DB pension plans up 7% in Q1 2024: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/average-funded-ratio-of-canadian-db-pension-plans-up-7-in-q1-2024-reports/ Tue, 23 Apr 2024 13:00:03 +0000 https://www.benefitscanada.com/?p=154482 The funded ratio of the average Canadian defined benefit pension plan, excluding the effect of asset smoothing, reached 124 per cent as at March 31, 2024, up seven per cent from the fourth quarter of 2023, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]

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]]> FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan https://www.benefitscanada.com/pensions/governance-law/fsra-focusing-on-target-benefit-framework-for-mepps-sustainability-of-pbgf-in-2024-25-annual-plan/ Wed, 17 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154330 In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […]

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