CANADA - The Canada Pension Plan reserve fund grew to a total CAN$81.3bn in fiscal 2005 but the investment gain of CAN$6.3bn on assets came in short of the CAN$10.3bn reaped in 2004.
Announcing its results for the year ending March 31, 2005, the CPP said the rate of return was 8.5% compared to 17.6% the previous year, on the back of poorer performance from global equity markets...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here