The Ontario Municipal Employees Retirement System improved its net investment return to 10.3 per cent at the end of 2016 compared to 6.7 per cent at the end of 2015, citing a strong performance from its public investments. The pension fund increased its net assets to $85.2 billion in 2016 from $77.1 billion in 2015, […]
As it continues to build an ‘all-terrain’ portfolio, Caisse de dépôt et placement du Québec posted a return of 7.6 per cent in 2016. This is down from 9.1 per cent in 2015 and 12 per cent in 2014. “The world right now has a lot of risk, geopolitically, in particular, and so we will […]
Manitoba should initiate an overall pension funding reform review similar to other provinces rather than continuing to rely on temporary solvency relief measures, according to Kevin Fahey, chair of the Pension Investment Association of Canada. In a letter to Linda Buchanan, acting superintendent of pensions at the province’s pension commission, Fahey’s comments and recommendations stem […]
The gross income replacement level of a typical capital accumulation plan grew by one per cent in the fourth quarter of 2016, according to a report by Eckler Ltd. The slight change was due to increases in interest and annuity rates during that period, according to the report, which also notes the impact of volatility […]
The Canada Pension Plan fund’s net assets decreased to $298.1 billion in the quarter ended Dec. 31, 2016, compared to $300.5 billion at the end of the previous quarter, according to the Canada Pension Plan Investment Board. The $2.4 billion decrease in assets for the quarter consisted of $1.7 billion in net investment income and […]
In 2016, public sector pension plans in the United States lowered the cost of administering funds and paying investment managers to 56 basis points, according to a new survey by the National Conference on Public Employee Retirement Systems. That was down from 60 basis points in 2015 and is well below the average fee of 68 basis […]
In a move that has drawn significant attention in the pension community, Quebec has introduced a potential solution to a major conundrum for employers: how to keep their costly defined benefit pension plans sustainable in the long run. Under the new legislation, the province no longer requires defined benefit plans to fund themselves based on […]
It doesn’t take much to make a B.C. registered pension plan (or a plan registered in another provincial jurisdiction with B.C. members) quickly become non-compliant with B.C.’s new Pension Benefits Standard Act (PBSA). The new and improved PBSA—the brainchild of the authors of the Joint Expert Panel on Pension Standards (JEPPS) 2008 report entitled Getting […]
The funded status deficit of American pension plans increased by US$102 billion in the third quarter of 2015, a shift from the previous quarter that saw the deficit decline by US$81 billion.
The health of Canadian pension plans declined sharply in the third quarter due to market volatility and declining bond yields, reports from Aon and Mercer say.