Defined benefit pension plans offer substantial cost advantages over 401(k)-style defined contribution plans, according to a new report by the National Institute on Retirement Security. The U.S. report found a typical DB pension — with advantages based on longevity risk pooling, asset allocation, low fees and professional management — has a 49 per cent cost advantage […]
Despite muted investment returns in the third quarter of 2021, capital accumulation plan member outcomes improved as annuity rates continue to rise, according to Eckler Ltd.’s latest CAP income tracker. It found a typical male CAP member retiring at age 65 at the end of September achieved a gross income replacement ratio of 59.5 per […]
The Alberta Investment Management Corp. saw returns of 1.7 per cent during the third quarter of 2021, according to its quarterly report. Between July and the end of September, the AIMCo saw the value of its assets rise from $123.4 billion to $130.1 billion, beating its benchmark of 0.9 per cent. On a year-to-date basis, the […]
The Ontario Teachers’ Pension Plan returned 3.8 per cent in the first half of 2021, a significant improvement on its negative 0.4 per cent return in the first half of 2020. According to its mid-year report, the Ontario Teachers’ net assets grew to $227.7, up $8.6 billion from the beginning of the year. This is […]
The University of Toronto Asset Management Corp. has earned a 13 per cent return on its pension portfolio for 2019, and a 12.9 per cent return on its endowment portfolio, net of all fees and expenses. While the 2019 results were strong, and beat the university’s target return of 6.2 per cent, they lagged the […]