CANADA - A legislated contribution rate of 9.9% from year 2010 is enough to pay future expenditures and to accumulate assets worth CAD$235bn (US$233.5bn) in 2015, the latest Actuarial Report for the Canada Pension Plan has revealed.
The results of the report, produced every three years, showed accumulated assets would be 5.2 times the annual expenditures in 2015, with assets projected to be $1,432bn or six times the annual expenditures...
CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.
CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.
CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.
CANADA - Canadian pensions marked their lowest quarterly returns since the start of the financial crisis on the back of world-wide market uncertainty, said RBC Dexia.
CANADA - CPP Investment Board (CPPIB) and Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, have teamed up to build the Royal Bank of Canada's new Toronto headquarters.