Keyword: defined benefit

65 results found
Copyright_Maurizio De Mattei_123RF

The University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a press release, the UTAM said while the pension return matched that of its benchmark reference portfolio, endowments underperformed by 0.2 per cent. However, it noted long-term performance of the portfolios […]

  • By: Staff
  • May 5, 2021 May 4, 2021
  • 09:00
Copyright_Pattanaphong Khaunkaew_123RF

The Colleges of Applied Arts and Technology Pension Plan is reporting an 11.1 per cent return for 2020, exceeding its policy benchmark by 0.4 per cent. The return brings the annualized 10-year net return to 9.9 per cent, providing $1.7 billion in cumulative added value compared to the benchmark, while funding reserves increased to $3.3 […]

  • By: Staff
  • April 26, 2021 April 26, 2021
  • 15:00
Copyright_Roman Fedin_123RF

The Canadian Federation of Pensioners is calling for amendments to federal insolvency laws to protect members of defined benefit pensions if the employer is insolvent. The federation, which represents 23 retiree groups with a total of about 300,000 members, renewed its call for legislative changes after the federal budget failed to mention the issue on […]

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 25, 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 April 24, 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