Keyword: pension liabilities

50 results found
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Canadian institutional investors are still in a sweet spot with the relationship between stocks and bonds in 2023, despite a difficult start to October for the S&P/TSX composite index, says one expert. At the end of last week’s trading period, the Canadian equities index showed a negative return of 0.72 per cent, leaving the S&P/TSX […]

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Nine in 10 (89 per cent) U.S. defined benefit pension plan sponsors say they’re expecting to completely divest their plan liabilities in roughly four years, according to a new survey by MetLife Inc. The survey, which polled 250 DB plan sponsors, found nearly all (94 per cent) said the financial impacts of volatility and related risks […]

  • By: Staff
  • October 4, 2023 October 4, 2023
  • 15:00

The median solvency ratio of defined benefit pension plans in Canada increased during the third quarter of 2023, according to separate reports from Mercer and Aon. Mercer’s report showed median solvency ratio rose from 119 per cent at June 30 to 125 per cent at Sept. 30, according to Mercer’s latest pension health pulse. The report, […]

  • By: Staff
  • October 3, 2023 October 3, 2023
  • 11:00
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The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.2 per cent of a plan’s accounting liabilities to 100.5 per cent of those liabilities in August, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity purchase composite […]

  • By: Staff
  • September 28, 2023 September 27, 2023
  • 10:30

The funded ratio of the U.S.’s 100 largest defined benefit pension plans dropped slightly in August, from 76.8 per cent as of July 31 to 75.3 per cent as of Aug. 31, the result of a $98 billion funded status decline, according to Milliman Inc.’s latest public pension funding index. The result was driven by […]

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 10:30

The Canadian Association of Pension Supervisory Authorities’ new risk management guideline allows for additional flexibility amid evolving issues such as cybersecurity and environmental, social and governance considerations, said David Bartucci, head of pension regulations and regulatory effectiveness at the Financial Services Regulatory Authority of Ontario and a member of the CAPSA’s risk management committee, during […]

  • By: Blake Wolfe
  • September 11, 2023 September 10, 2023
  • 09:00
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The funded ratio of the 100 largest U.S. public defined benefit pension plans increased to 76.8 per cent as of July 31, up from 75.8 per cent at the end of June, according to a new report by consulting firm Milliman Inc. It found a second consecutive month of positive market performance drove this result, […]

  • By: Staff
  • September 5, 2023 September 1, 2023
  • 12:08

U.S. state and municipal pension funds are on track to miss investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or funded ratios in 2023, according to a new report by the Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 225 of the […]

  • By: Staff
  • July 21, 2023 July 21, 2023
  • 15:00

Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked at the performance of more than 500 Canadian DB plans in its database, found a rise from 116 per cent to 119 per cent during the quarter. Meanwhile, a similar report […]

  • By: Staff
  • July 6, 2023 July 5, 2023
  • 09:00

The federal government is launching a consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members. Under the Pensions Benefits Standards Act, plan administrators can transfer pension assets of missing members to a ‘designated entity.’ The draft amendments specify who qualifies as a missing member or beneficiary, as […]