Defined benefit pension plan

Northern Trust Pension Universe Data: Canadian Pension Plan returns retreat in Q3, pressured by restrictive monetary policy

Retrieved on: 
Wednesday, November 1, 2023

The quarterly results were cushioned by healthier returns in prior periods, resulting in a median year-to-date return of 1.6%, according to the Northern Trust Canada Universe.

Key Points: 
  • The quarterly results were cushioned by healthier returns in prior periods, resulting in a median year-to-date return of 1.6%, according to the Northern Trust Canada Universe.
  • The Northern Trust Canada universe tracks the performance of Canadian institutional defined benefit plans that subscribe to performance measurement services as part of Northern Trust’s asset service offerings.
  • The BoC continues to maintain a restrictive monetary policy, while it continues to monitor the economic impact of its rate hiking journey.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, declined -3.9% for the quarter.

Northern Trust Pension Universe Data: Canadian Pension Plans Carve out Positive Q2 Returns Amidst Inflationary Headwinds

Retrieved on: 
Tuesday, August 1, 2023

Canadian Pension plan investment returns concluded the first half of the year in a position of strength, according to the Northern Trust Canada Universe.

Key Points: 
  • Canadian Pension plan investment returns concluded the first half of the year in a position of strength, according to the Northern Trust Canada Universe.
  • The Northern Trust Canada universe tracks the performance of Canadian institutional defined benefit plans that subscribe to performance measurement services as part of Northern Trust’s asset service offerings.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, declined -0.7% for the quarter.
  • Corporate bonds led with positive returns for the quarter, while Federal and Provincial bonds witnessed negative returns.

LMP Supports Definiti’s Next Chapter of Growth with New Majority Investment

Retrieved on: 
Thursday, February 2, 2023

Definiti is a national retirement services firm that supports more than 8,000 workplace organizations and 10,000 retirement plans across the US.

Key Points: 
  • Definiti is a national retirement services firm that supports more than 8,000 workplace organizations and 10,000 retirement plans across the US.
  • This investment will enable Definiti to accelerate investments in client service, technology, innovation, and talent.
  • LMP supports Definiti’s plans to advance its client offerings and organic growth initiatives while continuing its highly successful acquisition strategy.
  • Goodwin Procter served as legal advisor to LMP, and Nutter, McClennen & Fish LLP served as legal advisor to Definiti.

TIIP Announces Leadership Transition, Appoints William Burckart as Chief Executive Officer

Retrieved on: 
Tuesday, April 19, 2022

NEW YORK, April 19, 2022 /PRNewswire-PRWeb/ -- The Investment Integration Project (TIIP), a consulting services and applied research firm, today announced changes to its executive management team as the company expands services to help investors contribute to the creation of the healthy social, financial and environmental systems we need now as well as benefit their portfolios.

Key Points: 
  • To that end, William (Bill) Burckart has been appointed Chief Executive Officer and will assume day-to-day leadership of the organization.
  • Steve Lydenberg, who founded TIIP, has transitioned from his role as Chief Executive Officer and will serve as Chairman.
  • He will act in an advisory capacity for the firm's leadership as they accelerate the next phase of TIIP's innovative consulting and research.
  • "I am excited for this next chapter and believe Bill's passion, energy and leadership will serve TIIP well," Lydenberg added.

Spectrum Pension Consultants & GROUPIRA Adopts ProNvest's Full Suite of Managed Account Services

Retrieved on: 
Thursday, September 9, 2021

CHATTANOOGA, Tenn., Sept. 9, 2021 /PRNewswire-PRWeb/ -- ProNvest , a national provider of customized managed account services today announced that Spectrum Pension Consultants and GROUPIRA have made ProNvest available on their retirement platforms.

Key Points: 
  • CHATTANOOGA, Tenn., Sept. 9, 2021 /PRNewswire-PRWeb/ -- ProNvest , a national provider of customized managed account services today announced that Spectrum Pension Consultants and GROUPIRA have made ProNvest available on their retirement platforms.
  • "We are looking forward to introducing ProNvest to our advisor partners, GROUPIRA rollovers, and retirement plan clients," said Yannis Koumantaros, Managing Director, CFO at Spectrum Pension Consultants.
  • "We are excited about our partnership with Spectrum and GROUPIRA to deliver a comprehensive managed account solution," said Ross Brown, Vice President of ProNvest.
  • As a retirement plan recordkeeper, Spectrum Pension Consultants operates an industry leading retirement plan recordkeeping technology platform with automation features to streamline retirement plan administration.

Milliman analysis: Public pension funding tops 80% for first time in over five years

Retrieved on: 
Wednesday, July 21, 2021

SEATTLE, July 21, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter (Q2) 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation's 100 largest public defined benefit pension plans.

Key Points: 
  • SEATTLE, July 21, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter (Q2) 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation's 100 largest public defined benefit pension plans.
  • For the first time since Milliman began tracking the PPFI in 2016, the funded ratio for these plans has climbed above 80%.
  • "This was a banner quarter for public pensions, though the individual plans in our study saw a range of investment returns from an estimated 2.54% to 6.75%," said Becky Sielman, author of Milliman's Public Pension Funding Index.
  • For more information and to view the full Milliman 100 Public Pension Funding Index, go to http://www.milliman.com/ppfi/ .

MissionSquare Research Institute Announces Expansion of Public Plans Database

Retrieved on: 
Thursday, July 1, 2021

Washington, D.C., July 01, 2021 (GLOBE NEWSWIRE) -- The Public Plans Database ( PPD ) has been expanded to include data from nearly 50 public sector defined contribution (DC) retirement plans.

Key Points: 
  • Washington, D.C., July 01, 2021 (GLOBE NEWSWIRE) -- The Public Plans Database ( PPD ) has been expanded to include data from nearly 50 public sector defined contribution (DC) retirement plans.
  • It includes 401(a), 457, 401(k), and cash balance plans, along with mandatory, optional, supplemental, and primary DC plans.
  • This database also contains detailed information on the largest state and local defined benefit (DB) pension plans in the U.S.
  • Adding defined contribution data is a strategic expansion of the PPD, said Joshua Franzel , Ph.D., Managing Director at MissionSquare Research Institute.

NISA Investment Advisors Issues Report on Why Corporate Pension Plans Should Consider a Move to a Hibernation Portfolio Sooner Rather than Later: "95 Is the New 105: Why Plans Should Consider Accelerating their Glidepath"

Retrieved on: 
Tuesday, June 22, 2021

The analysis discusses why now may be the appropriate time for such plans to pivot to a lower risk portfolio comprised predominately of bonds often referred to as a hibernation portfolio.

Key Points: 
  • The analysis discusses why now may be the appropriate time for such plans to pivot to a lower risk portfolio comprised predominately of bonds often referred to as a hibernation portfolio.
  • "Plans that are nearly fully funded or overfunded should consider accelerating their de-risking decisions to protect this elevated funded status and limit the potential for future contributions."
  • NISA's Pension Surplus Risk Index, or PSRX, is a forward-looking estimate of the funded status of U.S. corporate defined benefit plans and is published monthly.
  • For more information, please visit our website at www.nisa.com and be sure to follow us on LinkedIn .

Newly established organization attracts talent via innovative pension solution

Retrieved on: 
Monday, June 21, 2021

With CAAT's expert team managing everything pension related, NDRIO's team can focus on developing Canada's highly qualified researchers and enabling global innovation through Canadian research.

Key Points: 
  • With CAAT's expert team managing everything pension related, NDRIO's team can focus on developing Canada's highly qualified researchers and enabling global innovation through Canadian research.
  • Since its launch in 2019, more than 80 employers have chosen the innovative DBplus pension plan design to provide peace of mind to their employees.
  • "One of our main goals at CAAT is to provide an innovative, high-value pension plan solution to more workplaces across Canada.
  • Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two defined benefit pension designs.

COVID-19 Stress Tests US Pensions, CFOs Seek Counsel to Navigate Policy and Market Volatility, Mercer Survey Finds

Retrieved on: 
Tuesday, May 25, 2021

The survey makes clear that CFOs are seeking strong, strategic counsel both in-house and outsourced to help navigate what could be the most favorable landscape for defined benefit pension plans in many years.

Key Points: 
  • The survey makes clear that CFOs are seeking strong, strategic counsel both in-house and outsourced to help navigate what could be the most favorable landscape for defined benefit pension plans in many years.
  • 2020 proved to be a true stress test for defined benefit plans, as COVID-19 created disruptions in financial markets and corporate balance sheets.
  • This survey makes clear that CFOs saw a heightened need for good strategy through the pandemic and are seeking both the right tools and counsel to navigate funding policy, risk transfer activity and investment portfolio management.
  • Under the American Rescue Plan Act, companies have more flexibility on funding options for their DB pension plans.