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The average Canadian defined benefit pension plan saw improvements in its solvency position in May, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic that of a typical pension saw its assets decline by 0.4 per cent over the month. Despite this, the solvency index, which provides an indication of changes […]

  • By: Staff
  • June 14, 2022 June 14, 2022
  • 12:30
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The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to provide more detail on how pension plans can enhance their investment risk management strategies. In an open letter responding to a consultation by the OSFI, Ric Marrero, chief executive officer of the ACPM, said while the paper […]

  • By: Staff
  • May 25, 2022 May 20, 2022
  • 09:00

The Ontario Pension Board, the administrator of province’s public service pension plan, generated a return of 9.4 per cent in 2021. In its yet-to-be released 2021 annual report, the OPB also reported its assets under management had grown to $33.8 billion, up from $31 billion the previous year. It also improved its solvency ratio by […]

  • By: Staff
  • May 10, 2022 May 24, 2022
  • 09:01
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The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its annual report. The defined benefit pension plan’s assets grew by 6.1 per cent last year, reaching $5.856 billion. Net investment returns, however, grew by 9.63 per cent, slightly higher than […]

  • By: Staff
  • May 3, 2022 May 2, 2022
  • 09:00

The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions and subsequent employee layoffs in these industries made headlines throughout 2020 and 2021, the pension plans provided by these employers have largely weathered any economic fallout. The impact on air […]

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While a typical Canadian defined benefit pension plan saw negative investment returns in March, it also improved on a solvency and accounting basis, according to a new report by LifeWorks Inc. Last month, the typical DB pension plan used in LifeWork’s monthly pension indices saw investments dip in value by 0.4 per cent as a […]

  • By: Staff
  • April 7, 2022 April 7, 2022
  • 11:00
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The average solvency ratio of Canadian defined benefit pension plans in Mercer’s database increased five percentage points in the first quarter of 2022, according to a new report by the consultancy. The report, which assessed the performance of 464 pension plans, found as at March 31, 2022, the plans’ average solvency ratio reached 108 per […]

  • By: Staff
  • April 5, 2022 April 4, 2022
  • 09:00
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The second year of the coronavirus pandemic offered defined benefit pension plan sponsors a reprieve from the chaos sown in financial markets during its first year. “A lot of pension plans ended up roughly where they started in 2020, but it was a very bumpy road,” says Gavin Benjamin, a retirement and financial solutions partner […]

Despite rising concerns about inflation and the war in Ukraine, the funded position of a typical Canadian defined benefit pension plan improved slightly on both a solvency and accounting basis in February, according to a new report by LifeWorks Inc. In February, the solvency of the average DB pension plan rose by half a per […]

  • By: Staff
  • March 8, 2022 March 8, 2022
  • 12:30

An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. B.C. paramedics seeking enhanced mental-health benefits 2. Canadian pension plans overcoming legislation, governance challenges: webinar 3. Ontario’s DB pension plans should take steps […]

  • By: Staff
  • March 4, 2022 March 4, 2022
  • 09:00