Major trends are reshaping Canada’s pension plans and their risk strategies as employers look to share or off-load pension risk and focus on de-risking. How these work and what risk strategies are on the horizon will be the focus of this session.
Despite improved funding positions, pension plans may still face significant headwinds from market volatility. Against this backdrop, Michael Augustine, of TD Asset Management Inc., will discuss how plan sponsors are addressing pension risk and the main consideration of whether to fully aim to transfer the risk or not.
Insurers are adapting to a growing Pension Risk Transfer business with deals getting larger and the provisions more complex. Neil Duffy, of The Great-West Life Assurance Company, will explore new developments that are helping clients successfully transfer their pension risk to the insurance market.
Enterprise risk analysis is commonly utilized by institutional investors. However, alternative investments – such as hedge funds, private equity, and real estate – can present challenges for applying this type of analysis. Catherine Thrasher, of CIBC Mellon and BNY Mellon, will highlight different approaches to risk measurement for investors who are largely allocated to alternative assets.
Derek Dobson, of the CAAT Pension Plan, will outline a new, cost effective de-risking option – consolidation with a jointly sponsored pension plan. Under this approach, pension sponsors continue to enjoy the substantial benefits of offering a DB pension plan to employees while eliminating balance sheet risks by settling past pension obligations. This all-in-one solution allows employers to gracefully exit the pension risk management business on a cost effective basis.
Join our expert speakers; Michael Augustine, FCIA, FSA, CFA, Managing Director from TD Asset Management Inc., Catherine Thrasher, CIPM, FRM, Strategic Client Solutions and Global Risk Solutions, from CIBC Mellon and BNY Mellon, Neil Duffy, Vice President, Group Retirement Products and Pension Risk Transfer from Great-West Life and Derek Dobson, CEO & Plan Manager from CAAT Pension Plan at this Benefits and Pensions Monitor, Meetings & Events session.