leverage – Benefits Canada.com

Expert panel: Cessation of real return bonds increases risk profile for Canadian pension fund model

bmcgovern — Thu, 09 May 2024 13:00:48 +0000

The recent pressure put on Canadian pensions plans from private managers and governments to re-discover an investment home bias has been met with little enthusiasm, despite special interest by both federal and provincial governments to potentially tap pension fund capital for infrastructure given that current expenditure eats up a large share of the budget. Infrastructure […]

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ACPM advises CAPSA against one-size-fits-all approach to ESG, cybersecurity risk management

bwolfe — Fri, 21 Oct 2022 13:00:01 +0000

The Association of Canadian Pension Management is advising the Canadian Association of Pension Supervisory Authorities to take a less prescriptive approach in its proposed guidelines on risks related to environmental, social and governance factors, cybersecurity and leverage. In an open letter to the CAPSA, the ACPM said a one-size-fits-all approach to ESG regulation could potentially […]

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LDI leveraging strategies left U.K. DB pensions vulnerable to bond yield spike: expert

Gideon Scanlon — Thu, 13 Oct 2022 16:30:09 +0000

The use of leverage by U.K. defined benefit pension plans with liability-driven investment strategies left them vulnerable to a sharp rise in bond yields in September, says Erwan Pirou, Canada chief investment officer of wealth solutions at Aon. “Many plans in the U.K. are using leverage in their LDI strategies . . . to reduce […]

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CAPSA’s risk management guideline committee seeking members for industry working group

bwolfe — Thu, 14 Jul 2022 13:00:05 +0000

The Canadian Association of Pension Supervisory Authorities’ risk management guideline committee is seeking nominations for an industry working group. The committee will draw on the group members’ technical input and expertise in the areas of integrated risk management, according to a press release, which noted participants will be selected from various pension sector categories based on […]

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Updated CAP guidelines must reflect changes in the pension industry: CPBI session

Jennifer Paterson — Fri, 17 Jun 2022 13:00:12 +0000

As the Canadian Association of Pension Supervisory Authorities looks to update its capital accumulation plan guidelines, the amendments must reflect the changes in the industry, said Angela Mazerolle, vice-president of regulation at the Financial Services and Consumer Services Commission of New Brunswick, during a session at the 2022 Canadian Pension and Benefits Institute Forum in […]

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CAPSA seeking feedback on risk management guidelines

bwolfe — Wed, 15 Jun 2022 13:00:56 +0000

The Canadian Association of Pension Supervisory Authorities is seeking feedback on three risk management guidelines. The guidelines will cover pension plans’ use of leverage, cyber risks and environmental, social and governance considerations. In a letter to stakeholders, the CAPSA said it may incorporate these guidelines into a single risk management document that will also cover […]

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Pension funds playing defence amid coronavirus crisis

mschmit — Wed, 02 Dec 2020 04:32:11 +0000

Despite several bumps in the decade since the 2008/09 financial crisis, the swift and brutal crash in global equity prices when the coronavirus was declared a pandemic sent pension investors reaching for their playbooks to implement defensive strategies to mitigate the damage. “People have worked very hard at just acting on the set strategies that […]

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Learn more about the Risk Management Award finalists

mschmit — Mon, 30 Nov 2020 04:06:28 +0000

The Canadian Investment Review’s Risk Management Award will go to a pension plan that has successfully implemented a robust approach to its risk management function. This can include implementing de-risking or re-risking or it can showcase day-to-day processes in place for risk management in pension plan investments. Highlights about the three finalists are available below: […]

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Nav Canada, Goodyear Canada share experiences with LDI in low interest rate world

mschmit — Thu, 19 Nov 2020 04:04:29 +0000

Despite the low interest rate environment, it still makes sense for defined benefit pension plan sponsors to adopt a liability-driven investment strategy, said Serge Lapierre, global head of LDI at Manulife Investment Management, during a webinar sponsored by the firm on Monday. LDI investing is a risk management framework, he noted. “It’s not an asset […]

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What opportunities exist for institutional investors in private equity primary market?

mschmit — Tue, 07 Jul 2020 04:45:56 +0000

Many asset classes, including private equity, have been hammered by the coronavirus fallout, but opportunities still exist in the primary middle market for a variety of structural reasons, according to a new report by Capital Dynamics. Specifically, it noted that primary private equity fund managers deploy capital over three to five years, which avoids the […]

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