Ontario’s defined benefit pension funds returned an average 2.9 per cent in the fourth quarter of 2022 while plan liabilities continued to benefit from a rising interest rate environment, according to the Financial Services Regulatory Authority of Ontario’s latest solvency report. It also found the majority of plans remained fully funded on a solvency basis […]
The aggregate funded ratio for Canadian defined benefit pension plans increased from 96.9 per cent to 100.8 per cent during 2022, according to Aon’s latest pension risk tracker. The tracker, which calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX composite index with DB plans, also found pension assets lost […]
The average solvency ratio of Canadian defined benefit pension plans grew by 10 per cent in 2022, according to a new report by Mercer Canada. The report, which looked at the overall 2022 performance of more than 500 Canadian DB plans in the consultancy’s pension database, found the median solvency ratio reached 113 per cent […]
The Canada Pension Plan Investment Board’s assets returned 0.2 per cent during the second quarter of fiscal 2023, according to its latest quarterly report. By Sept. 30, 2022, the investment organization’s net assets reached $529 billion, up from $523 billion at the end of June. About $5 billion was generated by net transfers, while the […]
Building a defined contribution pension plan’s investment portfolio should incorporate the benefits and drawbacks of various historical regimes to provide a strong foundation, said Ruthann Pritchard, institutional portfolio manager for global asset allocation at Fidelity Investments, during a session at Benefits Canada‘s 2022 DC Plan Summit. “A robust glide path has to consider all of […]
The median Canadian defined benefit pension plan experienced a pullback in investment returns during the first quarter of 2022, returning negative 6.4 per cent as markets entered a heightened period of uncertainty, according to a new report by Northern Trust Canada. The report, which tracks the performance of Canadian DB plans that subscribe to Northern […]
The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. New multi-employer pension plan coming for incorporated physicians 2. Employees want flexible working, better benefits to return to workplace: survey 3. After a strong 2021, […]
The Healthcare of Ontario Pension Plan generated an 11.28 per cent return in 2021, led by its public and private equity portfolios. “It was a strong year — we had a return of 11.28 per cent and hit an all-time high for our assets,” says Jeff Wendling, the pension fund’s president and chief executive officer. […]
In a move widely anticipated by the financial sector, the Bank of Canada is increasing its target for the overnight rate to 0.5 per cent. “Persistently elevated inflation is increasing the risk that longer-run inflation expectations could drift upwards,” said the bank in a press release. “The bank will use its monetary policy tools to […]