pension risk management – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Median solvency ratio of Canadian DB pension plans up 2% in Q1 2024: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-up-2-in-q1-2024-reports/ Thu, 04 Apr 2024 19:00:37 +0000 https://www.benefitscanada.com/?p=153937 The median solvency ratio of Canadian defined benefit pension plans increased two per cent in the first quarter of 2024, according to a report by Mercer. The report, which tracks more than 450 DB pension plans, found the median solvency ratio grew to 118 per cent, as at March 29, 2024, from 116 per cent […]

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]]> Ford Canada transferring $923 million in pension liabilities via group annuity buyout https://www.benefitscanada.com/pensions/defined-benefit-pensions/ford-canada-transferring-923-million-in-pension-liabilities-via-group-annuity-buyout/ Thu, 22 Feb 2024 14:00:04 +0000 https://www.benefitscanada.com/?p=152217 Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance Co. of Canada and Desjardins Group will assume responsibility for making pension payments to 2,700 of the plan’s members, who retired on or prior to June 1, 2021. Read: GM Canada […]

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]]> Median solvency ratio of Canadian DB pension plans declines in Q4 2023: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-declines-in-q4-2023-reports/ Fri, 05 Jan 2024 14:00:12 +0000 https://www.benefitscanada.com/?p=149694 The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s report, which tracked more than 450 DB pension plans, found the median solvency ratio declined to 116 per cent as at Dec. 31, 2023, from its previous high of 125 […]

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]]> Ontario DB pension plans’ average solvency ratio increased to 117% in Q3 2023: FSRA https://www.benefitscanada.com/pensions/defined-benefit-pensions/ontario-db-pension-plans-average-solvency-ratio-increased-to-117-in-q3-2023-fsra/ Fri, 24 Nov 2023 14:00:21 +0000 https://www.benefitscanada.com/?p=147535 The average projected solvency ratio for Ontario defined benefit pension plans increased slightly to 117 per cent in the third quarter of 2023, with more than three-quarters of plans projected to be fully funded, according to a new report by the Financial Services Regulatory Authority of Ontario. While the percentage of DB plans projected to have […]

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]]> TTC Pension Plan on track to remove surprises from risk assessment https://www.benefitscanada.com/archives_/benefits-canada-archive/ttc-pension-plan-on-track-to-remove-surprises-from-risk-assessment/ Fri, 17 Nov 2023 13:53:57 +0000 https://www.benefitscanada.com/?p=146615 In the institutional investment sector, risk management means thinking about a lot of doom and gloom, but for Danny Ip, the job is more about being prepared for what could happen tomorrow rather than forecasting what storms lie ahead. The TTC Pension Plan’s director of investment risk and analytics employs an analytical approach to measuring […]

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]]> OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM https://www.benefitscanada.com/pensions/governance-law/osfis-draft-pension-cybersecurity-standard-may-lead-to-duplication-increased-risk-acpm/ Thu, 09 Nov 2023 14:00:59 +0000 https://www.benefitscanada.com/?p=146759 The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in technology and risks faced by federally regulated financial institutions and federally regulated pension plans, according to the Association of Canadian Pension Management. While financial institutions’ systems are critical to the functioning of […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-56/ Fri, 13 Oct 2023 13:00:24 +0000 https://www.benefitscanada.com/?p=145237 An article on the Association of Canadian Pension Management’s response to the Canadian Association of Pension Supervisory Authorities’ draft risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CAPSA pension risk management guideline too divergent, says ACPM 2. B.C. Municipal Pension Plan appointing […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-47/ Fri, 11 Aug 2023 13:00:59 +0000 https://www.benefitscanada.com/?p=142071 An article on how Yellow Corp.’s bankruptcy will impact Canadian workers’ pensions was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Yellow bankruptcy will have little impact on Canadian workers’ pensions: union 2. FSRA appoints Andrew Fung as EVP of pensions 3. Wildfires crystallizing threats of catastrophic […]

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]]> Wildfires crystallizing threats of catastrophic climate change for pension plan administrators https://www.benefitscanada.com/canadian-investment-review/strategies/wildfires-crystallizing-threats-of-catastrophic-climate-change-for-pension-plan-administrators/ Tue, 08 Aug 2023 15:00:00 +0000 https://www.benefitscanada.com/?p=141824 British Columbia’s wildfires have crystallized the threats pension plan administrators across that province face from catastrophic climate change events, says Damara Kiceniuk, senior risk analyst of pensions at the B.C. Financial Services Authority. However, these fires are just one catastrophic risk pension funds have to manage. These risks have prompted the organization to release a discussion […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-45/ Fri, 28 Jul 2023 13:00:06 +0000 https://www.benefitscanada.com/?p=141508 An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC […]

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