Canadian defined benefit pension plans generated a median return of 1.19 per cent in the second quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $300.1 billion worth of investment assets in Canadian DB plans, found the one-year median return at June 30, 2023 was 10.05 per cent, while the […]
A new study looking at the implications of scale in defined benefit pension plans found size is key for several trends over time, including investment mandates, asset allocation and cost in returns. The research, ‘Scale Economies, Bargaining Power and Investment Performance: Evidence from Pension Plans‘ was recently awarded first prize in the International Centre for […]
The Ontario Teachers’ Pension Plan is entering into a definitive agreement to sell its majority shareholding in Ireland’s national lottery operator. The pension fund is selling Premier Lotteries Ireland Ltd., which is headquartered in Dublin, to La Française des Jeux, a lottery and online gaming operator for an undisclosed amount. As part of the transaction, PLI’s other […]
Artificial intelligence offers the promise of “a big structural change that will play out over a long period of time,” according to Kieran Moore, a partner and portfolio manager at Munro Partners, noting the growth opportunities associated with AI lie in the enablers of structural changes that can improve productivity and workflows. For investors like […]
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 […]
An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC […]
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 […]
The Canada Post Corp. pension plan is appointing Thavanesan Naidoo as director of pension fund investments and external equities. Naidoo, who has more than 30 years of experience in pension and investment management, joins the Canada Post plan from the CIBC pension plan where he was director of pension investment strategy. In the new role, […]
The Canada Pension Plan Investment Board is acquiring a significant stake in an experience management software provider. The investment organization and Silver Lake, a global private equity firm, are jointly acquiring Qualtrics for US$12.5 billion. The company designs cloud-based experience management tools used by more than 19,000 organizations. Following the acquisition, the company was de-listed […]