annual report – Benefits Canada.com

Manitoba’s TRAF returns -0.42%, increases funded ratio in 2022

Jennifer Paterson — Mon, 31 Jul 2023 19:00:46 +0000

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 […]

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University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

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PSP Investments returns 4.4% led by infrastructure investments

Gideon Scanlon — Thu, 08 Jun 2023 16:30:01 +0000

The Public Sector Pension Investment Board is reporting a net return of 4.4 per cent for fiscal 2023. As of March 31, 2023, the investment organization had $243.7 billion in net assets under management, up 5.7 per cent from $230.5 billion at the end of the previous fiscal year. It also reported a 10-year annualized […]

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CPPIB’s annual report greenwashing investment strategies, says watchdog

Gideon Scanlon — Thu, 01 Jun 2023 16:30:40 +0000

The Canada Pension Plan Investment Board’s latest annual report greenwashes its investment strategies, according to Shift Action for Pension Wealth and Planet Health. “[A close reading] of its 2023 annual report shows Canada’s national pension manager continues to obscure its exposure to and prolongation of the fossil fuel economy while failing to understand that its […]

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N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report

Gideon Scanlon — Thu, 04 May 2023 16:30:40 +0000

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 […]

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AIMCo CEO seeking to win trust of pension clients: report

Gideon Scanlon — Wed, 06 Jul 2022 16:15:29 +0000

After a record-breaking year, Alberta’s public sector investment fund manager is seeking to earn the trust of its client pension funds. “A combination of factors had undermined trust between AIMCo and some of our clients,” wrote Evan Siddall, chief executive officer of the Alberta Investment Management Corp., in the organization’s 2021 annual report. “Whatever the reasons, […]

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Nova Scotia’s PSSP returns 5.56% for fiscal year

Gideon Scanlon — Thu, 30 Jun 2022 16:00:26 +0000

The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022. According to its annual report, the PSSP, a defined benefit pension plan for 41,000 current and former public sector employees in Nova Scotia, saw the value of its assets rise […]

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Ontario Pension Board generates 9.4% return in 2021

Gideon Scanlon — Tue, 10 May 2022 13:01:10 +0000

The Ontario Pension Board, the administrator of province’s public service pension plan, generated a return of 9.4 per cent in 2021. In its yet-to-be released 2021 annual report, the OPB also reported its assets under management had grown to $33.8 billion, up from $31 billion the previous year. It also improved its solvency ratio by […]

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N.S. Teachers’ Pension Plan returns 9.63%, though solvency ratio remains below 85%

Gideon Scanlon — Tue, 03 May 2022 13:00:24 +0000

The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its annual report. The defined benefit pension plan’s assets grew by 6.1 per cent last year, reaching $5.856 billion. Net investment returns, however, grew by 9.63 per cent, slightly higher than […]

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IMCO returns 9.6% in 2021, aims to expand investments in alternative assets

Gideon Scanlon — Wed, 27 Apr 2022 13:00:52 +0000

The Investment Management Corp. of Ontario saw returns of 9.6 per cent in 2021, according to its annual report. The IMCO’s assets under management rose $5.7 billion during the year, reaching $79 billion. The year’s returns weren’t evenly distributed, as client pension plan gains ranged from 0.1 per cent to 11.2 per cent depending on […]

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