Simply put, a glide path is a calculation designed to support an employee’s desired retirement timeline through investments in a target-date fund. When an employee first joins a defined contribution pension plan with a target-date fund, they’re exposed to capital appreciation assets that offer the most attractive risk-adjusted returns in the wealth accumulation phase, typically […]
The Investment Management Corp. of Ontario is reporting a net return of 5.6 per cent for 2023, with net assets increasing to $77.4 billion. The investment organization’s year-end report found public equities returned 18 per cent in 2023, followed by global credit (7.7 per cent), fixed income (5.9 per cent), private equity (5.7 per cent), […]
The median solvency ratio of Canadian defined benefit pension plans increased two per cent in the first quarter of 2024, according to a report by Mercer. The report, which tracks more than 450 DB pension plans, found the median solvency ratio grew to 118 per cent, as at March 29, 2024, from 116 per cent […]
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]
The funded position of a typical defined benefit pension plan rose both on a solvency basis (2.8 per cent) and an accounting basis (2.3 per cent) during February, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 103.6 per cent in February, up from 100.8 per […]
The California Public Employees’ Retirement System is increasing its investments in private market assets to maximize returns from its highest-performing asset classes. The pension fund said it’s increasing its private market allocations from 33 per cent to 40 per cent, according to a press release, which noted CalPERS is increasing private equity allocations from 13 […]
The total value traded in Canada’s equities marketplace reached $4.2 trillion as at Dec. 31, 2023, a 10 per cent decline from the previous 12-month period, according to a new report by the Canadian Securities Administrators. It found Canada’s equities marketplace faced a challenging market environment in 2023 caused by higher interest rates and tighter […]
The British Columbia Investment Management Corp. is appointing Chris Weitzel as senior managing director of its fixed income and foreign exchange team, effective March 11, 2024. Weitzel first joined the BCI in 2018 as part of the team that developed and launched the investment organization’s funding program. He succeeds Chris Beauchemin, who’s retiring after 35 […]
Global pension assets increased by 11 per cent to reach US$55.7 trillion in 2023, up from $50.2 trillion at the end of 2022, according to a new report by WTW’s Thinking Ahead Institute. This growth was attributed to stronger capital market performance following a much more negative impact from markets in the correction of 2022, […]
The Healthcare of Ontario Pension Plan is reporting an annual return of 9.38 per cent for 2023, partly due to the performance of equities and fixed income, says Michael Wissell, chief investment officer at the HOOPP. The investment organization finished the year with $112.6 billion in net assets, compared to $103.7 billion and a return of […]