defined benefit pension plan – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Commercial real estate challenges forcing Canadian pension funds to re-evaluate strategy: report https://www.benefitscanada.com/canadian-investment-review/alts/commercial-real-estate-challenges-forcing-canadian-pension-funds-to-re-evaluate-strategy-report/ Mon, 08 Jul 2024 19:00:53 +0000 https://www.benefitscanada.com/?p=157875 Some of Canada’s largest pension funds are rethinking their real estate strategies as higher interest rates continue to push valuations lower and lenders pull in their purse strings, according to reporting by Bloomberg. Read: Canadian pension funds seeking diversification in real estate at home, abroad: experts Indeed, it said the Canada Pension Plan Investment Board […]

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]]> Canadian public pension plans’ average funding ratio increased to 116% in 2023: report https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-public-pension-plans-average-funding-ratio-increased-to-116-in-2023-report/ Thu, 04 Jul 2024 19:00:35 +0000 https://www.benefitscanada.com/?p=157428 Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according to a new report by Coalition Greenwich. The study, based on interviews more than 150 of the largest tax-exempt funds in Canada, found in 2023, these investors reported that, on average, six […]

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]]> Ontario Teachers’ backs Indian financial services operator, Caisse invests in business software provider https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-backs-indian-financial-services-operator-caisse-invests-in-business-software-provider/ Fri, 28 Jun 2024 19:00:30 +0000 https://www.benefitscanada.com/?p=157600 The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million. The firm specializes in the secured vehicle and micro-, small- and medium-sized enterprises financing space with loans. The funds from the transaction will be used as primary capital for growth […]

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]]> OPB marching in Toronto’s Pride Parade in support of LGBTQ2S+ employees, community https://www.benefitscanada.com/news/bencan/opb-marching-in-torontos-pride-parade-in-support-of-lgbtq2s-employees-community/ Fri, 28 Jun 2024 13:00:24 +0000 https://www.benefitscanada.com/?p=157552 The Ontario Pension Board is displaying its support for its LGBTQ2S+ employees and, indeed, the wider community, as some of its workers proudly wave the organization’s banner while marching in Toronto’s Pride Parade this weekend. Participating in the parade is just one of the ways in which the organization is fostering an inclusive culture in […]

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]]> Mandating Canadian pension funds’ domestic investments could harm plan members: study https://www.benefitscanada.com/canadian-investment-review/research-markets/mandating-canadian-pension-funds-domestic-investments-could-harm-plan-members-study/ Thu, 27 Jun 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157443 A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]

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]]> How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/how-the-investment-strategies-of-the-maple-8-impact-the-decisions-of-medium-and-small-sized-plan-sponsors/ Fri, 21 Jun 2024 12:56:30 +0000 https://www.benefitscanada.com/?p=157189 While many of the investment strategies and resources at the disposal of the Maple 8 — Canada’s eight largest public pension plans that represent more than $2.1 trillion in assets under management — are out of reach for medium- and small-sized plan sponsors in the country, the path carved by the most sophisticated investment organizations […]

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]]> CSSB’s climate risk disclosure standards should align with ISSB’s, with only Canadian-specific modifications: PIAC https://www.benefitscanada.com/pensions/governance-law/cssbs-climate-risk-disclosure-standards-should-align-with-issbs-with-only-canadian-specific-modifications-piac/ Thu, 20 Jun 2024 13:00:00 +0000 https://www.benefitscanada.com/?p=157204 The Pension Investment Association of Canada supports closely aligning the Canadian Sustainability Standards Board disclosure standards with the International Sustainability Standards Board’s requirements but recommends it only make necessary Canadian-specific modifications to the guidance. In an open letter to the CSSB, the PIAC noted alignment between financial and sustainability reporting supports “a connectivity that is essential […]

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]]> Ontario DB pension plans’ average solvency ratio increases to 122% in Q1 2024: FSRA https://www.benefitscanada.com/pensions/defined-benefit-pensions/ontario-db-pension-plans-average-solvency-ratio-increases-to-122-in-q1-2024-fsra/ Mon, 17 Jun 2024 19:00:22 +0000 https://www.benefitscanada.com/?p=156991 The average projected solvency ratio for Ontario defined benefit pension plans was 122 per cent as of March 31, 2024, up three per cent from Dec. 31, 2023, according to a new report by the Financial Services Regulatory Authority of Ontario. It found 90 per cent of DB plans were projected to be fully funded […]

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]]> UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN https://www.benefitscanada.com/canadian-investment-review/research-markets/upp-generates-net-return-of-10-2-in-2023-net-assets-increase-to-11-7bn/ Wed, 12 Jun 2024 19:00:44 +0000 https://www.benefitscanada.com/?p=156813 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 […]

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]]> Medicus Pension Plan reports 158% funded status at start of 2024 https://www.benefitscanada.com/canadian-investment-review/db-investments/medicus-pension-plan-reports-158-funded-status-at-start-of-2024-report/ Tue, 11 Jun 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156720 The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]

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