Canada is leading the world when it comes to pension disclosure transparency, according to a new report, and CPP Investments was the world’s top-rated fund.
Canada retained its top position in the latest Global Pension Transparency Benchmark. The benchmark examines the transparency of pension disclosures across the value-generating measures of cost, governance, performance and responsible investing.
Among 15 countries in this year’s benchmark, Canada had the highest overall score at 75. The Netherlands was next with a score of 69, followed by Sweden at 68.
Canada and Netherlands ranked first and second, respectively, in 2021 as well. For the second consecutive year, Mexico had the lowest overall average.
Canada’s top score was reflected in three Canadian pension funds ranking in the top five of the 75 organizations reviewed.
CPP Investments topped the list with an overall score of 81. The fund ranked first for governance, second for cost, fourth for performance and 20th for responsible investing.
The Public Sector Pension Investment Board (PSP) ranked third overall with a score of 75 and the Ontario Teachers’ Pension Plan was fourth with a score of 74.
Norway’s Government Pension Fund Global ranked second, and the Netherlands’ Stichting Pensioenfonds ABP rounded out the top five.