interest rate – Benefits Canada.com

Average Canadian DB pension plan returns 5.1% in Q3 2024: report

bmcgovern — Thu, 31 Oct 2024 15:00:37 +0000

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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World’s 500 largest asset managers’ AUM up 12.5% in 2023: report

bmcgovern — Tue, 29 Oct 2024 15:00:05 +0000

The world’s 500 largest asset managers’ assets under management increased by 12.5 per cent to US$128 trillion in 2023, compared to $113.7 trillion at the end of 2022, according to a new report by WTW’s Thinking Ahead Institute. It noted the annual growth rate represents a significant recovery from the major correction seen in 2022, […]

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Caisse returns 4.2% in first half of 2024, underperforming benchmark

bwolfe — Fri, 16 Aug 2024 13:00:18 +0000

The Caisse de dépôt et placement du Québec returned 4.2 per cent in the first half of 2024, underperforming its benchmark of 4.6 per cent. As at June 30, 2024, the Caisse’s net assets totalled $452 billion. Its average annualized returns over five and 10 years were six per cent and 7.1 per cent, respectively. […]

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2024 Endowment & Foundation Investment Forum: Central banks make soft landing after recession concerns

bmcgovern — Thu, 08 Aug 2024 11:59:33 +0000

Central banks are achieving a successful soft landing strategy after concerning periods of high inflation following the coronavirus pandemic, said Douglas Porter, chief economist and managing director at BMO Financial Group, during the keynote session at the Canadian Investment Review’s 2024 Endowment & Foundation Investment Forum in June. Inflation is receding from dangerous highs to […]

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Interest rate cut boosts returns from short-term government bonds, credit: report

bmcgovern — Mon, 15 Jul 2024 19:00:42 +0000

Returns from short-term Government of Canada bonds and credit are rising due to the easing of interest rates by the Bank of Canada last month, according to a new report from FTSE Russell. It noted while Canadian government bonds across all maturities rallied, the gains didn’t erase overall losses in the second quarter, except for […]

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Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports

bmcgovern — Wed, 03 Jul 2024 19:00:58 +0000

The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to a report by Mercer. The report, which tracked 450 DB pension plans, found the median solvency ratio was 118 per cent, as at June 28, 2024, the same as at […]

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Funded ratio of 100 largest U.S. corporate DB pension plans declines to 98.4% in fiscal 2023: report

bmcgovern — Wed, 01 May 2024 13:00:08 +0000

The funded ratio of U.S. corporate defined benefit pension plans declined to 98.5 per cent in fiscal 2023 from 99.4 per cent in 2022, according to a new report by Milliman Inc. The report, which reviews the financial disclosures of the 100 largest U.S. public corporate DB plans, found their average return on investments was […]

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Vestcor returns 7.5% for 2023, amid rising inflation, high interest rates

bwolfe — Thu, 11 Apr 2024 15:00:54 +0000

Vestcor Corp. is reporting a 7.5 per cent return for 2023, despite the challenges of rising inflation and high interest rates. The New Brunswick-based investment organization achieved five- and 10-year annualized returns of 6.27 per cent and 6.73 per cent, respectively. In a press release, Vestcor noted these returns ensure its clients continue meeting their […]

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Employer matching key to supporting young workers’ retirement readiness: report

bwolfe — Thu, 11 Apr 2024 13:00:24 +0000

Employer-sponsored retirement plans that offer matching contributions can help younger workers retire earlier and with more money, according to a new report by Mercer Canada. The report based its findings on a sample worker aged 30 earning $70,000 and with $30,000 of personal debt, using five per cent of their income to either pay down […]

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Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey

Sadie Janes — Fri, 15 Mar 2024 13:00:05 +0000

Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

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