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The funded ratio of U.S. corporate defined benefit pension plans declined to 98.5 per cent in fiscal 2023 from 99.4 per cent in 2022, according to a new report by Milliman Inc. The report, which reviews the financial disclosures of the 100 largest U.S. public corporate DB plans, found their average return on investments was […]

  • By: Staff
  • May 1, 2024 April 30, 2024
  • 09:00
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Vestcor Corp. is reporting a 7.5 per cent return for 2023, despite the challenges of rising inflation and high interest rates. The New Brunswick-based investment organization achieved five- and 10-year annualized returns of 6.27 per cent and 6.73 per cent, respectively. In a press release, Vestcor noted these returns ensure its clients continue meeting their […]

  • By: Staff
  • April 11, 2024 April 10, 2024
  • 11:00
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Employer-sponsored retirement plans that offer matching contributions can help younger workers retire earlier and with more money, according to a new report by Mercer Canada. The report based its findings on a sample worker aged 30 earning $70,000 and with $30,000 of personal debt, using five per cent of their income to either pay down […]

  • By: Staff
  • April 11, 2024 April 10, 2024
  • 09:00
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Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

  • By: Staff
  • March 15, 2024 March 14, 2024
  • 09:00
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Interest rate levels are critically important to the financial health of defined benefit pension plans. Many DB plans are in their best financial positions in decades, largely due to the dramatic rise in interest rates over the past few years, but decreases in interest rates could pose a major risk for many plans. Changes in […]

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As a majority (84 per cent) of Canadian employers say they’re concerned about an emerging retirement income crisis, they also agree that, without access to employer-sponsored pension plans, workers will become a burden on the taxpayer (82 per cent) and the economy will suffer (79 per cent), according to a new survey by the Healthcare […]

  • By: Staff
  • October 31, 2023 October 30, 2023
  • 09:00

Institutional investors don’t have to wait for choppy waters to invest in event-driven credit, according to Duncan Farley, portfolio manager on the BlueRay fixed income team at RBC Global Asset Management, speaking during the Canadian Investment Review’s 2023 Risk Management Conference. While the post-pandemic economy has negatively affected several industries, opportunities always exist for investors to […]

The current economic maelstrom, with its high inflation and interest rates, has left many institutional investors operating in uncharted territory — though not Rashid Maqsood, vice-president of treasury at electrical products distributor Rexel North America Inc. His career began in the late 1970s — almost a decade before central banks began setting inflation targets. “It’s […]

The Caisse de dépôt et placement du Québec generated average returns of negative 5.6 per cent in 2022. “The year 2022 provided an environment filled with several challenges, with spiking inflation, historic interest rate hikes by central banks and rising geopolitical tensions,” said Charles Emond, the Caisse’s president and chief executive officer, during a press briefing […]

More than a quarter (26 per cent) of institutional asset owners expect to use an outsourced chief investment officer in an increased capacity during the next two years, according to a new survey by Cerulli Associates. The survey found 14 per cent of respondents said they’re seeking to establish an OCIO relationship over the next two […]

  • By: Staff
  • February 2, 2023 February 1, 2023
  • 09:00