The market value of assets grew 7% over Q2 2017
A combination of factors is responsible for the improvement
Interest rate hikes and free trade negotiations weighed on Canadian indices
Leader in pensions governance and investment consulting fits with Hubs’s growth strategy
The number of taxfilers contributing to an RRSP has also fallen
A late surge in long-term interest rates and increased strength in U.S. and international equity markets boosts pension health to an 18-year high
Although financial markets have stabilized, volatility will likely continue
Defined-benefit plans gained a 2.2% total return in Q2, up from just 0.2% in Q1
The British Columbia Investment Management Corp.’s (BCI) produced an annual combined pension return, net of costs, of 9% for fiscal 2018, ended March 31, vs a combined market benchmark of 7.4%, generating $1.9 billion in added value for BCI’s pension plan clients. A key contributor was the outperformance of global equities relative to their benchmark. […]
The solvency ratio for an average pension plan has improved to 1.9% since the beginning of the year, Morneau Shepell report suggests