Record levels of transactions in the U.K. and U.S. pension risk transfer markets in 2022 are carrying into the first half of 2023, according to a new report by the Legal & General Group. In the U.K., the report found an unprecedented acceleration in demand, driven by more defined benefit pension plans being closer to […]
Manitoba’s Teachers’ Retirement Allowances Fund returned negative 0.42 per cent in 2022, exceeding its benchmark return of negative 5.04 per cent. “While we are pleased with these short-term results, our longer-term results are equally favourable,” said Jeff Norton, the TRAF’s president and chief executive officer, in its annual report. “Over the past 20 years to […]
The funded position of a typical defined benefit pension plan increased on both a solvency and accounting basis during the month of June, according to the latest pension index from Telus Health. In June, the solvency of the average DB plan rose to 103.2 per cent, up from 101.4 per cent during the month of […]
Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its latest annual report “2022 was a turbulent year for financial markets,” said Jan Faryaszewski, chief financial officer at the Canada Post pension plan, in the report. “The DB component of the plan fell from $32.3 billion to $29.5 […]
Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked at the performance of more than 500 Canadian DB plans in its database, found a rise from 116 per cent to 119 per cent during the quarter. Meanwhile, a similar report […]
At the best of times, selecting an optimal asset mix for a defined benefit pension plan is challenging. The times of today are downright turbulent. Last year, inflation reached 8.1 per cent in Canada as a result of a prolonged period of government stimulus spending to manage the fallout of the coronavirus pandemic. In response […]
An article on how defined benefit pension plan sponsors can use a surplus was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: How DB pension plan sponsors can use surplus 2. Median solvency ratio of Ontario DB pensions rose to 115% in Q1 […]
The median solvency ratio of Ontario defined benefit pension plans rose during the first quarter of 2023, from 112 per cent at the beginning of the year to 115 per cent at the end of March, according to the Financial Services Regulatory Authority of Ontario’s latest pension solvency report. During the quarter, pension fund investment returns averaged […]
A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result of the strong performance of domestic equities and decreases in bond yields, according to a new report by Telus Health. During the month, the solvency of the typical Canadian DB […]
The Nova Scotia Teachers’ Pension Plan’s funded status dipped from 82.5 per cent to 75.1 per cent on a going-concern basis in 2022, according to its annual report. The decrease in the funded ratio year over year was due to the asset losses in 2022 and to the fact the plan’s discount rate was maintained […]