If you’re switching investment managers, you’ll need documentation on the details of the termination. Following are two sample texts that would go into your Statement of Investment Policies and Procedures (SIP&P).
Just as an investment manager is responsible for evaluating a particular security within the context of the overall portfolio, a pension plan committee is responsible for evaluating a manager within the context of the overall manager structure and plan objectives.
The retirement dreams of many Canadians are in jeopardy. The uncertain and volatile markets have robbed plan members of confidence in their retirement savings, including their DC plans. It’s time for DC plan sponsors to act.
The payout formulas for Canadian public sector DB pension plans produce little-acknowledged inequities, according to a new report from the C.D. Howe Institute.
Canadian pension plan sponsors are caught in a difficult balancing act in which they must manage regulation compliance while also mitigating costs and offering a positive member experience, according to a report by Towers Watson.
Although the risks and challenges are often the same, no matter the size of the plan, the solutions are ultimately different, says Steve Eadie, a partner and pension consultant with Robertson, Eadie & Associates.
For many mid-size plan sponsors, finding ways to keep employees engaged in retirement saving during the years when retirement is not top of mind is one of the primary considerations in plan design.
A research paper by two professors at the Rotman School of Management with the University of Toronto was honoured last week with the 2011 Canadian Investment Research Award, presented by the Toronto CFA Society and Hillsdale Investment Management.
Canadian pension plan sponsors are preparing for sustained pension turmoil by making changes to plan design and investment strategies, according to results from Towers Watson’s 2012 Pension Risk Survey.
Within Canada and around the world, the conversion of DB plans to DC plans has been accelerating as plan sponsors look to reduce their pension risk.