pooled funds – Benefits Canada.com

U.K. looking to Canada’s Maple 8 for inspiration in public pension reform: report

bmcgovern — Mon, 26 Aug 2024 19:00:59 +0000

U.K. Chancellor Rachel Reeves met with some of Canada’s biggest public sector pension plans this month, as the country looks to reform its public pension system, according to a report by the Financial Times. Reeves is pursuing the creation of a pension model that would allow the U.K.’s local government pension scheme — worth about […]

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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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Access to collective investment trusts will strengthen 403(b) retirement plans: report

bwolfe — Wed, 06 Jul 2022 19:00:12 +0000

U.S. employers offering 403(b) retirement plans will benefit from access to collective investment trusts, according to a report by the Defined Contribution Institutional Investment Association. It noted the latest version of the Securing a Strong Retirement Act passed the House in March and, if it passes through the Senate with language that allows institutional 403(b) […]

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Capping drug coverage for rare diseases poses an ethical dilemma

mschmit — Fri, 17 Jan 2020 04:50:26 +0000

While high-cost specialty medications represent about 30 per cent of drug costs, the total budget impact of rare disease drugs is less than two per cent, said Brad McCaw, associate director of market access at Alexion Pharmaceuticals Canada. Within the high-cost specialty market’s top 20 drugs, only one is designated for rare disease, he said […]

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Pooled pension fund managers see modest gains for Q3 2019

mschmit — Mon, 28 Oct 2019 04:45:10 +0000

Diversified pooled fund managers posted a median 1.5 per cent return before fees for the third quarter of 2019, according to Morneau Shepell Ltd.’s latest pension universe. The 1.5 per cent return represented a 0.3 per cent underperformance of its benchmark portfolio, which uses a 55 per cent equities and 45 per cent fixed income split. The […]

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Pooled pension fund managers rebound in 2019

mschmit — Tue, 30 Apr 2019 05:51:12 +0000

Pooled pension fund managers bounced back in the first quarter of 2019, posting a median return before management fees of 8.3 per cent, up from the negative 5.6 per cent return they posted in the final quarter of 2018, according to Morneau Shepell Ltd.’s latest data. However, the firm’s pension performance universe came in 0.4 per […]

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Industry praises budget proposals to allow variable annuities for CAP members

mschmit — Thu, 28 Mar 2019 05:50:28 +0000

Multiple stakeholder groups are praising the 2019 federal budget’s proposal to amend tax rules to allow for late-life and variable annuity structures. The proposed advanced life deferred annuity would be a qualifying annuity purchase under registered retirement savings plans, registered retirement income funds, including trusts run by these accounts, as well as defined contribution pension […]

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Pooled fund pension managers post negative return for Q4 2018

mschmit — Fri, 25 Jan 2019 12:15:08 +0000

The final quarter of 2018 was choppy for pension managers’ pooled funds as they posted a median return of negative 5.6 per cent, contributing to the year’s overall median return of negative 2.7 per cent, according to Morneau Shepell Ltd.’s pension performance universe. “The bond market posted a positive return of 1.4 per cent for 2018,” said Jean […]

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A look at international risk pooling

mschmit — Thu, 02 Aug 2018 04:45:32 +0000

With SSQ Life Insurance Co. Inc.’s partnership with Allianz Global Benefits last month, the Canadian insurer is looking to provide its employer clients with the advantages of international risk pooling. Though the concept is more familiar in countries where multinational companies are headquartered, international risk pooling is a way to provide health and insurance benefits using […]

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Pooled funds see negative returns for first quarter of 2018

mschmit — Fri, 27 Apr 2018 06:14:43 +0000

For the first quarter of 2018, diversified pooled fund managers saw a median return of minus 0.7 per cent before management fees, according to new data from Morneau Shepell Ltd. The report showed that while returns were negative, a decrease in pension liabilities overall outweighed the poor performance of pooled funds, resulting in a modest improvement […]

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