liability driven investing – Benefits Canada.com

UPP building on jointly governed pension model with a pandemic launch

lbailey — Fri, 17 Sep 2021 12:53:24 +0000

When the University Pension Plan officially launched in July 2021, it did so with Barbara Zvan as its inaugural president and chief executive officer. Fresh from a 25-year career with the Ontario Teachers’ Pension Plan, she was appointed by the UPP’s board of trustees in July 2020. While most of the foundational work had been […]

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Learn more about the Risk Management Award finalists

mschmit — Mon, 30 Nov 2020 04:06:28 +0000

The Canadian Investment Review’s Risk Management Award will go to a pension plan that has successfully implemented a robust approach to its risk management function. This can include implementing de-risking or re-risking or it can showcase day-to-day processes in place for risk management in pension plan investments. Highlights about the three finalists are available below: […]

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Nav Canada, Goodyear Canada share experiences with LDI in low interest rate world

mschmit — Thu, 19 Nov 2020 04:04:29 +0000

Despite the low interest rate environment, it still makes sense for defined benefit pension plan sponsors to adopt a liability-driven investment strategy, said Serge Lapierre, global head of LDI at Manulife Investment Management, during a webinar sponsored by the firm on Monday. LDI investing is a risk management framework, he noted. “It’s not an asset […]

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HOOPP looking to LDI strategy 2.0 amid low interest rates

mschmit — Fri, 04 Sep 2020 03:36:38 +0000

The Healthcare of Ontario Pension Plan is well-known for its liability-driven investing strategy, which helped it successfully weather the 2008 financial crisis. During the coronavirus fallout, in an era of historically low interest rates, the HOOPP is working on developing LDI 2.0. “We’re very focused on liabilities, but what you do when interest rates are […]

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Pension de-risking and the coronavirus – what now?

mschmit — Tue, 26 May 2020 04:37:10 +0000

It’s hard to believe that just recently, people weren’t cutting their own hair or binge-watching Tiger King. At the beginning of the year, defined benefit funding levels were at record highs and many pension plan sponsors were considering reducing their pension risk. Fast forward a few months and the novel coronavirus has turned the world […]

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A coronavirus game plan for defined benefit pension plans

mschmit — Thu, 02 Apr 2020 09:23:49 +0000

The novel coronavirus has introduced unprecedented volatility to financial markets and is taking its toll on pension plans. We’ve seen sharp corrections in most equity markets. At its lowest point in the correction to date, the S&P 500 lost 34 per cent of its value, from its peak in February. The TSX, which has also […]

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DB plans are better funded but expect returns to slump

mschmit — Wed, 20 Nov 2019 05:42:54 +0000

Defined benefit pension plans are lowering their long-term return expectations, according to research from U.S. consulting firm, NEPC. According to the NEPC’s survey of corporate and healthcare DB pensions, a third of plan sponsors now have a return assumption of six per cent or less, compared with 20 per cent that said the same in […]

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LDI In An Era of Rock Bottom Rates

mschmit — Thu, 26 May 2016 07:41:44 +0000

With interest rates so low, can plan sponsors still pull the LDI trigger?

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HOOPP Funded Position Up, Returns Down

mschmit — Thu, 10 Mar 2016 06:12:30 +0000

LDI keeps HOOPP's funded status in positive territory.

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Private Sector Plans Seeking Liability Settlement: Survey

mschmit — Thu, 12 Nov 2015 06:05:09 +0000

Long-term risk management focus for DB plans: Survey.

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