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Pension solvency dipped slightly in 2015, Mercer report shows

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The poor equity market performance, the continued decline in long-term bond yields and new mortality tables that reflect increased life expectancy, have all combined to cause a slight decline in the funded status of the country’s pension plans in 2015. The only good news: the funded status of the 611 …

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Ontario Teachers’ Pension Plan finds new chief investment officer in Denmark

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The Ontario Teachers’ Pension Plan has appointed a new chief investment officer to replace longtime CIO Neil Petroff, who retired in June. Bjarne Graven Larsen, who will also serve as executive vice-president, takes the role Feb. 1, and will report to chief executive Ron Mock. Graven Larsen is a former CIO …

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Sun Life pension deal creates mega group annuity

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It took about a year of discussions and negotiations; it was incredibly innovative and understood to be the first of its kind in Canada. But when it was all over two Canadian pension funds — whose names have not been disclosed — paid Sun Life Assurance Company of Canada a …

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Pension funds hope for better deal in de-risking marketplace

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A pension risk exchange — an online marketplace that aims to bring those defined benefit pension plans looking to purchase de-risking annuities with those that provide such products – has arrived in Canada. This week saw the unveiling of the Mercer Pension Risk Exchange, which has the modest objective of …

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Canadian pension funds pull back on infrastructure deals as prices climb beyond reason

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TORONTO  — Canada’s biggest pension funds say they are walking away from more and more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too far. Canadian pensions facing down fierce competition to pursue global growth strategy Hong Kong-based executives from the Canada Pension Plan Investment …

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Ottawa talking to pension funds about investing in infrastructure

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The Canadian government is talking to the country’s largest pension funds about investing in billions of dollars worth of infrastructure projects to help stimulate the economy, the Infrastructure Ministry told Reuters on Wednesday. Prime Minister Justin Trudeau’s Liberals won an election in October on the back of a promise to …

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Market turmoil leads to less appetite for risk by pension funds, State Street global survey finds

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For those employees with a defined benefit pension plan, the ride ahead looks enjoyable; for those with a defined contribution plan the ride will be less enjoyable while those without a pension plan, start saving. Those differences result from the type of pension funds being offered by employers, and the …

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Canadian pension funds defy volatile markets to achieve 5.4% annual return in 2015

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TORONTO — Canadian pension funds achieved a return of 5.4 per cent on their investments in 2015 as their strategy of diversifying internationally helped mitigate volatile market conditions, research by RBC Investor & Treasury Services showed. The research, which is the industry’s most comprehensive study of Canadian funds, showed they …

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