The Nursing Homes and Related Industries Pension Plan is reporting an 11.5 per cent investment return in 2025. The Ontario-based target-benefit pension plan confirmed a 100 per cent funded status with its net assets reaching $3.5 billion. The plan’s 10-year average annual return is 8.3 per cent, beating the average return reported by BNY for […]
The Canada-Wide Industrial Pension Plan is reporting a 9.9 per cent investment return in 2025, pushing total assets to $1.074 billion. The growth was driven by strong cash flows and investment performance, according to a press release. Over the past five and 10 years, the fund posted annualized returns of 7.5 per cent and 8.7 […]
The Financial Services Regulatory Authority of Ontario is working to address the problems of a detailed compliance approach to pension regulation, said James Hoffner (pictured left), head of prudential supervision and large public sector pension plans at the FSRA, during the keynote session at the Canadian Investment Review’s 2025 Risk Management Conference. A one-size-fits-all approach […]
Alberta’s Local Authorities Pension Plan is now allowing defined benefit pension plan sponsors to join by transferring their existing assets and liabilities into the LAPP. The Alberta Teachers’ Association is the first plan sponsor to join the LAPP in this way, by transferring its plan for office staff. These members will now have access to […]
George & Bell Consulting and Bilsland Griffith Benefit Administrators are merging under the name Convyta Partners. The merger will allow the two firms, which provide complementary services to employers and plan sponsors, to be wholly aligned with the goals of its clients and their plan members, according to a press release. Read: Acera Insurance partnering […]
The aggregate funded percentage of all U.S. multi-employer defined benefit pension plans reached 97 per cent as at Dec. 31, 2024, an increase from 89 per cent a year prior, according to a new report from consulting firm Milliman Inc. The report, which analyzes the funded status of all U.S. multi-employer DB plans through their […]
The Nova Scotia Pension Services Corp. is appointing Brendon LeLievre as senior manager of business development, effective Feb. 5, 2025. In the new role, he’ll be tasked with engaging potential private sector employers to join the province’s $8.2 billion Public Service Superannuation Plan. Nova Scotia Pension Services Corp. assets increase to $13.7BN in fiscal 2024 […]
The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s executive vice-president of pensions. He cites increasing non-investment management risks like fraud, identity theft, data breach, cybersecurity and the use of artificial intelligence as emerging risks that plan sponsors will […]
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s proposed model, first announced in 2022, these accounts would be optional and constitute a separate account within a DB plan. In a press release, the government said solvency reserve accounts […]
An article detailing a stark increase in the use of obesity medications among Canadian employer-sponsored benefits plan members was the most-read article on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Claims for obesity drugs increased 42% in 2023, 92% since 2020: report 2. How […]