de-risking Page 7

Keyword: de-risking

132 results found
Newfoundland and Labrador Teachers’ Pension Plan bouncing back under JSPP model

Rewind to August 2015. The Newfoundland and Labrador Teachers’ Pension Plan was underfunded on both a solvency and going-concern basis, at 43.7 per cent and 65 per cent, respectively. Fast forward to year-end 2018 and it sits at a healthy 101.7 per cent on a going-concern basis. The turnaround stems from substantial changes to governance, […]

Telus Communications shares journey moving from DB to DC pensions

Since Telus Communication Inc.’s journey from defined benefit pension plans to defined contribution  began in 1996, it’s come a long way, but it’s far from over. During a session at the Association of Canadian Pension Management’s annual conference on Wednesday, Carol Craig, Telus’s director of benefits and pensions, and Dave Lawson, vice-president of investment management, noted the DC […]

  • By: Yaelle Gang
  • September 12, 2019 November 30, 2020
  • 09:15
Morneau Shepell takes on buy-in annuity contracts for Stelco pension

In its capacity as plan administrator, Morneau Shepell Ltd. purchased several buy-in annuity contracts for the Stelco Inc. pension plan in July. The goals of the transaction are to preserve the favourable financial position of the plan, ensure fair treatment of all members and maximize benefit protection, said Morneau Shepell in a press release. The Canada Life Assurance Co., […]

  • By: Staff
  • August 28, 2019 November 12, 2020
  • 10:00
Canadian DB pension solvency on the rise but volatility ahead

Canadian defined benefit pension plans maintained their solvency levels through the second quarter of 2019, according to Mercer’s latest pension health index. The index, which represents the solvency ratio of a hypothetical plan, reached 106 per cent as of June 30, 2019, an increase from 102 per cent at the year’s outset. The current solvency […]

How is fixed income faring amid renewed market volatility?

With renewed volatility prompting money managers back on their toes, equity markets have been leading investment industry discussions over the past few quarters. Against this backdrop, how is fixed income, the other fundamental building block of defined benefit pension portfolios, faring? For David Lafferty, senior vice-president and chief market strategist at Natixis Investment Managers, the […]

8399526-123rf

With a defined benefit plan closed since 1991, Husky Energy Inc. was facing a dilemma. It wanted to annuitize the plan but had active members still accruing benefits and wasn’t ready for a complete windup. To the organization’s knowledge, no products were available in Canada for plans to provide an annuity for active members still […]

When the World Economic Forum met this year in Davos, Switzerland, it chose a very timely topic: the fourth industrial revolution that’s about to be wrought by automation. Like every revolution, it will have winners and losers. Artificial intelligence will massively increase productivity and create jobs that don’t even exist today. But at the same time, it will […]

  • April 30, 2019 November 30, 2020
  • 08:30
Canadian group annuity sales soar to record highs in 2018: report

Group annuity sales in Canada topped out at a record high of $4.6 billion in 2018, beating 2017’s sales of $3.7 billion, according to the latest data from Sun Life Financial. This represents an acceleration in the market, which had been on the rise, with 2014’s sales hitting $2.5 billion. Strong sales in the last quarter […]

  • By: Staff
  • March 4, 2019 September 13, 2019
  • 09:22
75269108-123rf

In a move protecting its defined benefit pension promise for the long haul, commercial vehicle manufacturer Navistar Canada is purchasing more than $300 million in group annuity contracts. The transactions are with RBC Insurance and iA Financial Group and valued at $333 million. From May 1, 2019, the insurers will be responsible for administering pension payments […]

16903108-123RF

Last year was a strong year for the Canadian annuity market and the start of 2019 is looking promising as well, said Marie Desrochers, director of client relationships and defined benefit solutions at Sun Life Financial, speaking at a CI Institutional Investment Management event this week. While official year-end numbers aren’t out for 2018, Sun […]