The average Canadian defined benefit pension plan posted returns of 0.8 per cent in the second quarter of 2023, according to RBC Investor and Treasury Services’ universe. Foreign equities emerged as the top performing asset class, boasting a median return of 2.9 per cent. In comparison, the MSCI world index returned 4.5 per cent, primarily […]
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 […]
Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked at the performance of more than 500 Canadian DB plans in its database, found a rise from 116 per cent to 119 per cent during the quarter. Meanwhile, a similar report […]
The leaders of 11 of Canada’s largest public sector pension investment organizations are calling on companies to adopt a new framework that would consolidate existing disclosure standards, including those from the sustainability accounting standards board and the task force on climate-related financial disclosures. The framework, which was set out by the International Sustainability Standards Board, […]
In his session at the 2023 Global Investment Conference, Derek Dobson, the Colleges of Applied Arts and Technology pension plan’s chief executive officer, called back last year’s conference, noting Sebastien Betermeier, associate professor of finance at McGill University’s Desautels Faculty of Management, “talked about the benefits of the Canadian pension model, which is sometimes called […]
Representatives from six of Canada’s largest public sector pension investment organizations addressed a special parliamentary committee on Monday. The special committee on the Canada–People’s Republic of China Relations called on the British Columbia Investment Management Corp., the Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec, the Ontario Teachers’ Pension Plan […]
A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result of the strong performance of domestic equities and decreases in bond yields, according to a new report by Telus Health. During the month, the solvency of the typical Canadian DB […]
Canadian defined benefit pension plans generated a median return of 4.23 per cent for the first quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. Among traditional asset classes, global equities posted the strongest performance, with a quarterly median return of 7.32 per cent, while Canadian fixed income returns were the […]
The median Canadian defined benefit pension plan’s investments returned 4.2 per cent during the first quarter of 2022, according to a new report by Northern Trust Canada. The report draws from the Northern Trust Canada universe, which tracks the performance of Canadian DB plans. It credited the improved position of these plans to the strong performance […]