Authored By: Sonia T. Mak | Date: March 11, 2019
CAPSA, the association of pension regulators across Canada, has issued a new guideline on searching for un-locatable members and updated its guideline on defined contribution pension plans in February. The guideline on un-locatable members is relevant to all types of pension plans while the guideline on DC pension plan is relevant only to a pension plan which has a DC component.Read More
Published By: Published by HSBC Global Asset Management | March 10, 2019
Scenario analysis is a powerful way to explore policy and technology uncertainties within the low-carbon transition, which can present key sources of risk for investors. The six scenarios explored in this paper translate emissions reduction requirements into economic signals that affect financial sectors and the wider economy.
Authored By: Joe Hornyak | Date: March 7, 2019
The markets are in the early stages of a new sector paradigm where they will be adapting to a new set of rules, says David Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, However, most market participants are still playing by the old rulesRead More
Published By: | March 4, 2019
While no one disputes the value of these life-changing drugs, which use living cells to treat serious conditions, their cost relative to traditional, chemical drugs has been a challenge from day one. Seven out of the 10 topselling drugs in Canada are biologics, used to treat less than two percent of the population.
Published By: | February 7, 2019
In Part One of a new series titled Manage Complexity, Deliver Clarity, François Hélou, CFA, Director, Head of Balance Sheet Solutions Sales at BMO Global Asset Management, shares his expertise on Liability Driven Investing (LDI). He explains how adopting a risk-management approach to investments both enhances the long-term sustainability of Canadian Defined Benefit pension plans (“DB plans”) and mitigates the impact that declining long-term nominal rates and equity market volatility have on their funding.
Published By: | January 30, 2019
Few would argue that stress can be the enemy of productivity in the workplace—yet we may underestimate the impact of ﬁnancial stress. “There is something to be said about the impact of ﬁnancial wellness on productivity, which ultimately affects proﬁtability.
Published By: | January 24, 2019
A funded ratio shows how a plan’s assets compare to the actuarial assessment of the value of the liabilities. In short, it is the “value of assets” to the “actuarial value of liabilities”. Actuaries generally measure the liabilities in two ways, ‘going concern’ and ‘solvency’. We have focused on going concern as it is the measure most applicable to our plans.
Authored By: Benefits And Pensions Monitor Staff | Date: January 21, 2019
John Clifton ‘Jack’ Bogle, founder of The Vanguard Group who died last Wednesday at age 89 had legendary status in the American investment communityRead More
Authored By: Andrew Pease | Date: January 17, 2019
2018 was action packed and volatile with global equity markets, geopolitics, and populism dominating the year. The result was that almost all asset classes, with the exceptions of cash and government bonds, posted negative returns. A lot of the same themes seem likely to play out in 2019. A significant difference, however, is that the year has begun with widespread investor pessimism, in contrast to the prevailing optimism at the beginning of 2018.Read More
Authored By: Calum Mackenzie | Date: January 16, 2019
It is often like that. Markets like to swing from extremes. 2018 saw a huge psychological reversal from the previous year (and for that matter, most of the previous half decade) – ‘let us look to the bright side … turned into ‘No, let us look to the dark side instead.’Read More