An aggregation of the best Canadian pensions research and white papers of interest to Canadian Pension Funds. The research papers listed cover all types of Canadian pensions funds (both DB and DC pensions). On the defined benefits isde, the most popular Canadian DB pensions research papers are those which focus on Canadian pensions funding, Canadian pensions risk management, valuation methods and assumptions used by Canadian DB pension funds. White papers or research on Canadian DC pensions covers a variety of topics, with researchers... divided on whether the level of Canadian pensions saving is adequate or sustainable. Research which examine the costs of Canada's mutual fund-based retirement system has been particularly well engaged with by pensions investors. Globally, Canadian pension funds have been ahead of the game (comparatively) in view of their investment in infrastructure, and a research study examining the lessons learned for other pension funds investing in infrastructure has been one of our best papers. One of the most popular papers, perhaps unsurprisngly, is research conducted by the Canadian CFA of salaries for Canadian pensions and investment professionals (CFA Charterholders).
This report by the Thinking Ahead Institute provides detailed analysis of the world's largest pension funds. Assets under management (AUM) of the world’s largest pension funds totalled US$18.0 trillion in 2018, a fall of 0.4%, compared to an increase of 15.1% the previous year. In 2018 the value of the top 20 funds fell by 1…
The idea that in one’s sixties it might be time to step out of work and retire into a life of leisure is relatively recent. But with more people living longer, expectations of retirement are being reshaped.
This paper examines how defined benefit (DB) pension plans affect their members, local communities and Canadian taxpayers. This analysis shows these plans are not just better for Canadian workers, but for the Canadian economy overall, with cost savings to employers and governments because of DB plans’ positive impacts:…
The primary objective of funded pension arrangements is to provide adequate incomes for retirement. Pension contributions and investment return on accumulated funds during an individual’s working life and retirement years are the key factors that affect retirement incomes. Long-term pension investment returns are driven by…
The gold standard of retirement security — the defined benefit pension plan — is increasingly scarce in Canada’s private sector as employers shift the responsibility for saving onto workers. Corporate Canada claims these pension plans, which provide stable income to workers in retirement, carry too much risk at too high a…
Canada’s retirement income system (RIS) is structured insuch a way that the accumulation of private wealth plays an important role in determining whether people with modest to high earnings will be able to maintain their standard of living in retirement.
Many classic defined-benefit and classic defined-contribution pension plans have not achieved their goals. Policies encouraging larger collective, pooled pension plans governed by independent management boards are very much needed to better serve Canadians.
Pension fund sponsors use a discount rate to determine the value of assets they must set aside today to pay for promised benefits in the future. If the rate is too high, the assets are too meagre, and vice versa. Is there an optimum discount-rate rule that strikes the right balance?
Today’s youngest and future generations face very high net fiscal burdens: higher than those of any other generations, especially those born from the mid-1950s to the 1990s. Generally speaking, babyboomers and their children fare well in this scenario, but the grandkids of babyboomers do not.
The Willis Towers Watson Pension Index has decreased in the fourth quarter primarily due to poor asset returns in the quarter. The net effect on our benchmark plan was a decrease of 4.2% in the Willis Towers Watson Pension Index (from 68.4 to 65.5) for the quarter.
This paper assesses whether long-term institutional investors help stabilise or destabilise Hong Kong and international stock markets. We use a novel dataset based on individual funds issued by insurance companies and pension funds worldwide. This allows us to examine each economic region in conjunction with the remaining…
