Canadian defined benefit pension plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Median solvency ratio of Canadian DB pension plans up in Q3: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-increases-in-q3-report/ Tue, 03 Oct 2023 15:00:48 +0000 https://www.benefitscanada.com/?p=144418 The median solvency ratio of defined benefit pension plans in Canada increased during the third quarter of 2023, according to separate reports from Mercer and Aon. Mercer’s report showed median solvency ratio rose from 119 per cent at June 30 to 125 per cent at Sept. 30, according to Mercer’s latest pension health pulse. The report, […]

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]]> Canadian DB pension plans return 1.19% in second quarter of 2023: report https://www.benefitscanada.com/canadian-investment-review/db-investments/canadian-db-pension-plans-return-1-19-in-second-quarter-of-2023-report/ Thu, 10 Aug 2023 15:30:48 +0000 https://www.benefitscanada.com/?p=142017 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 […]

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]]> Ontario Teachers’ selling stake in Irish national lottery operator, Caisse repurchasing shares in Couche-Tard https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-selling-stake-in-irish-national-lottery-operator-caisse-repurchasing-shares-in-couche-tard/ Thu, 03 Aug 2023 14:00:01 +0000 https://www.benefitscanada.com/?p=141568 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 […]

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]]> ICPM appointing Julie Mallory to research committee https://www.benefitscanada.com/notice/appointment-notice/icpm-appointing-julie-mallory-to-research-committee/ Tue, 11 Jul 2023 16:30:28 +0000 https://www.benefitscanada.com/?p=140951 The International Centre for Pension Management is appointing Julie Mallory, managing director of portfolio strategy and investment risk at Ontario Power Generation Inc., to its research committee. Mallory, along with 11 other committee members, will be responsible for selecting one academic research program to receive a $50,000 award from the ICPM each year. Read: ICPM […]

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]]> Canada Post appointing Theva Naidoo as director of pension fund investments, external equities https://www.benefitscanada.com/notice/appointment-notice/canada-post-appointing-theva-naidoo-as-director-of-pension-fund-investments-external-equities/ Thu, 06 Jul 2023 16:30:43 +0000 https://www.benefitscanada.com/?p=140769 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, […]

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]]> Canadian DB pension plan assets decline 0.6% in May: report https://www.benefitscanada.com/canadian-investment-review/db-investments/canadian-db-pension-plan-assets-decline-0-6-in-may-report/ Thu, 15 Jun 2023 16:30:30 +0000 https://www.benefitscanada.com/?p=139819 The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in May, according to a new report by Telus Health. During the month, the solvency of the average DB plan dipped by 0.6 per cent, falling to 101.4 per cent. The balance […]

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]]> SHEPP appointing Colette Wagner as senior investment analyst https://www.benefitscanada.com/notice/appointment-notice/shepp-appointing-colette-wagner-as-senior-investment-analyst/ Tue, 11 Apr 2023 16:30:47 +0000 https://www.benefitscanada.com/?p=136389 The Saskatchewan Healthcare Employees’ Pension Plan is appointing Colette Wagner as a senior investment analyst. In the new role, she’ll oversee the asset managers responsible for the SHEPP’s allocations to fixed income, public and private equities, infrastructure, real estate and opportunistic investment. In addition, she’ll ensure these approaches are aligned with the $9.7-billion pension fund’s […]

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]]> CAAT raising DBplus pension factor for calculating benefit payments in 2025 https://www.benefitscanada.com/pensions/defined-benefit-pensions/caat-raising-dbplus-pension-factor-for-calculating-benefit-payments-in-2025/ Tue, 28 Mar 2023 13:00:26 +0000 https://www.benefitscanada.com/?p=135645 The Colleges of Applied Arts and Technology pension plan is increasing the pension factor used in its calculation of defined benefit payments from its DBplus plan. For pensions earned after Jan. 1, 2025, members of the jointly sponsored pension plan will see annual payouts increase from 8.5 per cent of their total contributions per annum […]

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]]> Canadian DB pension plan solvency down 0.7% in February: report https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-db-pension-plan-solvency-down-0-7-in-february-report/ Tue, 21 Mar 2023 16:30:45 +0000 https://www.benefitscanada.com/?p=135490 The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in February, according to a new report by Telus Health. During the month, the solvency of the average DB pension plan dipped by 0.7 per cent, falling to 101.3 per cent. The […]

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]]> Government advisory group urges Canada to develop sustainable finance taxonomy https://www.benefitscanada.com/canadian-investment-review/strategies/government-advisory-group-urges-canada-to-develop-sustainable-finance-taxonomy/ Tue, 07 Mar 2023 17:00:47 +0000 https://www.benefitscanada.com/?p=134990 A new report is calling on Canada to develop a sustainable finance taxonomy in order for it to reach its carbon emissions targets. “Many countries have developed, or are in the process of developing, taxonomies as a foundational tool within a broader policy framework to help mobilize and accelerate the deployment of capital to combat […]

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