With a defined benefit plan closed since 1991, Husky Energy Inc. was facing a dilemma. It wanted to annuitize the plan but had active members still accruing benefits and wasn’t ready for a complete windup. To the organization’s knowledge, no products were available in Canada for plans to provide an annuity for active members still […]
With a defined benefit plan closed since 1991, Husky Energy Inc. was facing a dilemma. It wanted to annuitize the plan but had active members still accruing benefits and wasn’t ready for a complete windup. To the organization’s knowledge, no products were available in Canada for plans to provide an annuity for active members still […]
Strong governance allowed the Colleges of Applied Arts and Technology pension plan to find success in private markets, according to Julie Cays, the plan’s chief investment officer. Before the CAAT plan hired its first CIO in 2004, it was using an outsourced chief investment officer-type model — although it didn’t use this term at the […]
As pension plan sponsors are well aware, most of a plan’s risk is in its asset allocation. So why don’t more plans spend more time managing that risk? Arun Muralidhar, co-founder of Mcube Investment Technologies Inc., worked for the World Bank Group’s pension fund in the 1990s but left the role before the tech bubble […]
When it comes to defined contribution pension plans, some “big rock” decisions for plan sponsors have the most impact on member outcomes, while other decisions are just not as significant, says Jafer Naqvi, vice-president and director of fixed income and multi-asset at TD Greystone Asset Management. The four big rocks for DC plans are contribution […]
Satellite imagery from U.S. retailers’ parking lots can provide an edge to sophisticated investors, but this more expensive alternative data can leave individual investors outside the information loop and decrease liquidity, according to a new working paper by academics at the University of California Berkeley’s Haas School of Business and the University of Kentucky. Looking […]
While traditionally, balanced portfolios had 60 per cent in stocks and 40 per cent in bonds, about 90 per cent of the risk budget went to equities, said Perry Teperson, vice-president and portfolio manager at Leith Wheeler Investment Counsel Ltd., speaking at the firm’s institutional investor forum. This is where a balanced portfolio 2.0 comes […]
A year after the OPSEU Pension Trust launched a new plan for nonprofits, it has enrolled its first members. The OPTrust Select was launched with the goal of providing a defined benefit plan for those in Ontario’s broader public sector, charitable and nonprofit groups that don’t have their own DB plans. Seven organizations are joining, […]
The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives like focusing on defined contribution plan decumulation and cyber security. Jason Vary, president at Actuarial Solutions Inc., notes while all the identified priorities were worthwhile, some are more important than […]
With Venezuela in the midst of a political and economic crisis, this is highlighting the need for investors to not only focus on default risk in fixed income, but also recovery risk, says Hamed Faquiryan, vice-president in the fixed income and multi-asset class research team at MSCI Inc. Although there are numerous issues, people who […]