pension risk – Benefits Canada.com

2024 Risk Management Conference: TTC Pension Plan using due diligence, storytelling to communicate risk analyses to board

lbailey — Mon, 21 Oct 2024 11:52:04 +0000

When communicating risk management posturing to executive boards, it’s important for pension plan sponsors to tell a cohesive and fulsome story, said Danny Ip, director of investment risk and analytics for the Toronto Transit Commission Pension Plan, during the Canadian Investment Review‘s 2024 Risk Management Conference. The TTC plan, which has $8.7 billion in assets under management, has […]

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How are Canadian DB pension plan sponsors making use of surplus funds amid positive funded status environment?

bmcgovern — Thu, 26 Sep 2024 15:00:26 +0000

With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of surplus funds, says Gavin Benjamin, a partner in the retirement and benefits solutions practice at Telus Health. The funded position of a typical Canadian defined benefit pension plan rose on […]

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Competitive pension risk transfer costs increase from 100.3% to 100.9% in April: report

bwolfe — Tue, 28 May 2024 13:00:36 +0000

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.3 per cent of a plan’s accounting liabilities in March to 100.9 per cent in April, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity purchase composite […]

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Ford Canada transferring $923 million in pension liabilities via group annuity buyout

lbailey — Thu, 22 Feb 2024 14:00:04 +0000

Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance Co. of Canada and Desjardins Group will assume responsibility for making pension payments to 2,700 of the plan’s members, who retired on or prior to June 1, 2021. Read: GM Canada […]

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Competitive pension risk transfer costs declined from 101.8% to 100.5% in December: report

bmcgovern — Thu, 15 Feb 2024 14:00:06 +0000

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 101.8 per cent of a plan’s accounting liabilities in November to 100.5 per cent of those liabilities in December, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and […]

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2023 Defined Benefit Investment Forum: How policy-makers, plan sponsors can manage, mitigate cybersecurity risks

bmcgovern — Wed, 24 Jan 2024 12:54:05 +0000

Pension plan sponsors must effectively employ care, diligence and skill when facing cybersecurity threats, said Sandeep Kakan, board trustee and secretary at the Canada-Wide Industrial Pension Plan, during a session at the Canadian Investment Review’s 2023 Defined Benefit Investment Forum in December. Cybersecurity concerns are rising in the aftermath of the MOVEit hack, which compromised […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 19 Jan 2024 14:00:22 +0000

An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Tax credit could ensure national dental-care plan doesn’t displace employer-sponsored coverage: expert […]

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Would Brazil’s new bond work in Canada?

Sadie Janes — Fri, 15 Dec 2023 13:55:21 +0000

RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for those without a workplace pension plan. At a 2019 retirement security conference held in Brazil, Arun Muralidhar, chairman and chief investment officer at AlphaEngine Global Investment Solutions, proposed the introduction […]

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Competitive pension risk transfer costs increase from 101.1% to 101.9% in October: report

Sadie Janes — Wed, 22 Nov 2023 20:00:25 +0000

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.1 per cent of a plan’s accounting liabilities in September to 101.9 per cent of those liabilities in October, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity […]

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