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Keyword: defined benefit

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Copyright_Irochka_123RF

The Alberta Teachers’ Retirement Fund Board is withdrawing its membership from the Principles of Responsible Investing Secretariat as it transfers responsibility for asset management to the Alberta Investment Management Corp. In a press release, the ATRF said its withdrawal from the United Nations-supported investor network would allow it to respect “the spirit of its responsible […]

  • By: Staff
  • April 6, 2021 April 9, 2021
  • 12:45
Copyright_Kwanchai Lerttanapunyaporn_123RF

Canada’s defined benefit pension plans’ funded positions continue to improve in 2021, ending the first quarter at their highest levels in more than 20 years, according to Mercer Canada’s pension health index. It found solvency ratios increased from 114 per cent at the end of 2020 to 124 per cent at the end of March 2021, with the median solvency ratio […]

  • By: Staff
  • April 6, 2021 April 6, 2021
  • 09:00
Copyright_123RF

The Ontario Teachers’ Pension Plan is reporting a total-fund net return of 8.6 per cent for 2020, a year which has generated mixed financial results for Canada’s major pensions due to the impact of the coronavirus pandemic. The pension plan earned $18 billion in investment income in 2020 and its net assets reached $221.2 billion as at Dec. 31, 2020, […]

  • By: Staff
  • April 1, 2021 April 1, 2021
  • 09:00
Copyright_Serhii Radachynskyi_123RF

An insurance holding company backed by the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan is making its inaugural transaction, valued at US$1 billion. Constellation Insurance Holdings Inc. will acquire Ohio National Mutual Holdings Inc. and its wholly-owned subsidiary Ohio National Financial Services Inc., a deal that includes both member […]

  • By: Staff
  • March 25, 2021 March 25, 2021
  • 09:00
ACPM calling on feds to streamline pension overpayment recovery

The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission to the 2021 federal budget, the CLHIA recommended that Canadians in and approaching retirement have access to flexible annuity options within registered pensions, registered retirement savings plans, registered retirement income […]

  • By: Staff
  • March 1, 2021 March 1, 2021
  • 15:00
NL’s College of Physicians and Surgeons latest employer to join DBplus pension

The College of Physicians and Surgeons of Newfoundland and Labrador is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. The college’s 14 employees were contributing to a defined contribution arrangement before joining the plan on Nov. 1. The individual employees have the option to convert their DC accounts […]

  • By: Staff
  • November 19, 2020 January 19, 2021
  • 09:00

Canadian defined benefit pension plans posted a median 3.13 per cent return for the third quarter of 2020, following a strong market rebound, according to a new report by BNY Mellon Asset Management Canada Ltd. The organization’s master trust universe, which is comprised of 86 Canadian corporate, public and university pension plans, found U.S. equities […]

  • By: Staff
  • November 5, 2020 November 5, 2020
  • 09:23

The pension industry is at a turning point, with the asset value of defined contribution plans growing, while defined benefit plans are shrinking. “In a decade’s time, you will have a situation where DC will be almost $50 trillion in size, but DB will be $10 trillion in size and there will be big changes […]

DBplus: new de-risking tool in the pension toolkit

Defined benefit pension plans that were on route to de-risking when the coronavirus hit are facing a difficult road ahead in the current lower-for-longer interest rate environment. However, a new de-risking option is available for plan sponsors that didn’t exist in the wake of the global financial crisis: merging with the Colleges of Applied Arts […]

  • October 5, 2020 January 19, 2021
  • 10:42

The Financial Services Regulatory Authority of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during the coronavirus pandemic while providing safeguards for funding plan member benefits. Eligible private sector employers will be able to defer up to six months of […]

  • By: Staff
  • September 23, 2020 December 6, 2020
  • 07:53