While many Canadians likely started the year worried about retirement savings as the markets were ravaged by the coronavirus fallout, some employers continued to introduce new savings offerings to help ensure their employees’ retirement security. In May 2020, the Kitchener-Waterloo Multicultural Centre officially joined the OPSEU Pension Trust’s OPTrust Select, offering its employees a defined benefit […]
Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]
While Canadian pension plans hold a quiet confidence, it turns out they actually do outperform their international peers when it comes to asset performance and liability hedging, according to a research paper from McGill University and CEM Benchmarking. The paper found Canadian plans achieve this outperformance using a three-pillar model: managing assets in-house to reduce costs, redeploying […]
Strong public market performance helped Canadian defined benefit pension plans reverse their first-quarter losses, according to a new report by BNY Mellon Asset Management Canada. The median second quarter return for the 84 Canadian corporate, public and university pension plans in BNY Mellon’s Canadian master trust universe was 9.23 per cent, up from the first quarter median […]
Nova Scotia Pension Services Corp. finished 2019 with almost $12 billion in assets under management and reported sharply diverging year-end results for the two pension plans it manages. The Nova Scotia Teachers’ Pension Plan, which ended its fiscal year on Dec. 31, 2019, had a 12.36 per cent net return, as reported in late April. The TPP […]
The current market environment has the potential for long-term effects on the defined benefit pension investment industry, according to a new report by Cerulli Associates. Broadly, investment consultants said they’ve been preparing their DB pension plan sponsor clients for a potential downturn for up to two years, noted the report. And, as plans have begun […]
Canada Post Corp. employees and some retirees are receiving retroactive wage increases, as well as adjustments to their disability and life insurance and pensions, through two new collective agreements between the Canadian Union of Postal Workers and the crown corporation. The agreements between Canada Post and its rural and suburban and urban postal service workers — represented by two […]
Canadian defined benefit pension plans experienced an upsurge in the second quarter of 2020, posting a median return of 9.6 per cent, according to RBC Investor and Treasury Services’ universe of DB pension plans. After the first quarter’s median return of negative 7.1 per cent, the rally marked the highest single quarter return in the […]
The Healthcare of Ontario Pension Plan, along with three other large pension plans and other stakeholders, is forming the Global Peer Financing Association. The goal of the GPFA is to encourage and improve options for peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners, according to a press release. […]
The Ontario Municipal Employees Retirement System is appointing Ingrid Chingcuanco as vice-president of pension operations. She joined the OMERS nearly eight years ago as director of pension policy. In that role, she provided pension policy and project leadership for several initiatives, such as public sector divestments affecting the pension fund and enhancements to its additional […]