Canadian pension wealth rose to $3.3 trillion at the end of 2014
The 10 largest pension funds have invested approximately $600 billion across various asset classes, with a significant portion invested in alternative asset classes
The drop marks the first decline in assets since Q2 2013
The contraction is the first back-to-back quarterly loss since the economy was mired in the global financial crisis
A new amendment that requires pension plans to state whether ESG factors are incorporated in their statement of principles did not attract much debate
Although Canada’s retirement pension income system ranked seventh in the world yet again, a large percentage of Canadian private-sector workers lack a pension plan
Risk-free rates of return will remain below their historical levels, report says, amid lower economic growth rates
Former plan members gain greater access to locked-in retirement accounts
Accompanying weakness in the Canadian dollar relative to the U.S. dollar and the euro pushed down the declines further
Profits from the sale of securities rise 14.9%