investment management fees – Benefits Canada.com

U.S. institutional investors paid $1.5 billion in management fees in 2022: report

bmcgovern — Fri, 08 Dec 2023 20:00:29 +0000

U.S. institutional investors paid $1.5 billion in management fees in 2022, according to a new report by investment consulting firm Callan. The report, which analyzed mandates by more than 300 investment firms and more than 180 institutional investors, found 98 per cent of the total fees paid in 2022 went to active managers, up one per cent […]

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Saskatchewan’s pension and benefits administrator transitioning to not-for-profit model

Sadie Janes — Mon, 12 Jun 2023 13:00:29 +0000

Saskatchewan’s Public Employees Benefits Agency is transitioning to a not-for-profit corporation. The PEBA began pursuing the transition in 2021 at the request of the trustees of the two largest pension plans it administers — the Public Employees Pension Plan and the Municipal Employees Pension Plan. The not-for-profit will begin operations on Jan. 1, 2024 under the […]

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World’s largest asset managers’ discretionary AUM up 10.2% in 2021: report

lbailey — Fri, 21 Oct 2022 19:00:37 +0000

The world’s 500 largest asset managers’ total discretionary assets under management increased by 10.2 per cent in 2021, reaching US$131.7 trillion, according to a new report by WTW’s Thinking Ahead Institute. It found North American AUM accounted for more than half (59.9 per cent) of AUM in the top 500 managers, garnering $78.9 trillion by […]

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Survey finds 62% of U.S. DB plan sponsors seeking to exit their plans

lbailey — Fri, 11 Mar 2022 20:00:32 +0000

Almost two-thirds (62 per cent) of U.S. defined benefit plan sponsors are seeking to exit their plans, while 33 per cent are looking to achieve self-sufficiency and just five per cent are planning to keep their plans open, according to a survey by State Street Corp. Among DB plan sponsors eyeing an exit, the survey […]

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44% of U.S. pension plan sponsors set to review, renegotiate fees: survey

lbailey — Wed, 01 Dec 2021 14:00:21 +0000

Nearly half (44 per cent) of pension plan sponsors in the U.S. said they intend to review and/or renegotiate their plan’s management fees over the next one to two years, whether it’s custody fees (27 per cent) or investment management fees (17 per cent), according to a survey by consulting firm Callan. The survey, which […]

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Value taking centre stage when it comes to DC investment fees

mschmit — Fri, 18 Dec 2020 04:57:06 +0000

Anyone flipping through a prospectus for an employer’s defined contribution pension plan or group registered retirement savings plan will notice a recurring theme when it comes to statements on investment fees: “Better than retail!” they might as well scream. It’s a familiar refrain from both capital accumulation plan sponsors and providers trumpeting the lower rates […]

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Coronavirus prompting CAP sponsors to review TDF suites

mschmit — Tue, 29 Sep 2020 04:45:09 +0000

My last column, in April, talked about how Canadian target-date fund suites behaved differently during the first quarter of this year, where markets were reacting to the coronavirus crisis. The disparity of year-to-date returns continued in the following months. For some capital accumulation plan sponsors, the behaviour of their plans’ TDFs over recent volatile market […]

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OCIO models more attractive in rough market conditions: report

mschmit — Tue, 04 Aug 2020 04:45:32 +0000

The current market environment has the potential for long-term effects on the defined benefit pension investment industry, according to a new report by Cerulli Associates. Broadly, investment consultants said they’ve been preparing their DB pension plan sponsor clients for a potential downturn for up to two years, noted the report. And, as plans have begun […]

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How are global retirement systems faring in the wake of coronavirus?

mschmit — Fri, 12 Jun 2020 05:15:41 +0000

A new paper is evaluating how global retirement systems are faring in the wake of the coronavirus pandemic and what reforms will be required to facilitate the retirements of future generations. The paper, ‘Building better retirement systems in the wake of the global pandemic,’ by Olivia Mitchell, a professor and executive director of the pension research council […]

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Gather data on CAP member behaviour to inform communications in a crisis

mschmit — Thu, 02 Apr 2020 05:20:24 +0000

In normal circumstances, pension plan members don’t respond well to being inundated with information about their plans. Typically, a deluge of content can turn off plan members, says Jillian Kennedy, leader of defined contribution and financial wellness at Mercer Canada. But today’s circumstances are far from ordinary. “Right now, you can’t over communicate.” In 2008, the financial […]

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