The Canada-Wide Industrial Pension Plan has surpassed $1 billion in assets.
In a press release, the CWIPP attributed its steady growth to increasing membership, ongoing employer and member contributions, the addition of buyback assets and strong investment performance.
Read: CWIPP reporting investment return of 10.9% in 2024
“This achievement reflects the plan’s ongoing growth, strength and sustainability, as well as our commitment to prudent governance that ensures our plan members’ pensions remain secure,” said Gary Goddard, board facilitator and chair at the CWIPP, in the release.
“A larger, well managed fund supports efficiency, keeps costs low and provides broader investment opportunities — all of which strengthen the long-term security of member pensions.”