Pensions
Despite Steep Losses, Canadian DB Plans End Year Fully Funded
Surging bond yields offset double-digit investment losses to push funded levels above 100%.
The pension fund aims to hedge against any unexpected rise in life expectancies.
COVID, growing shift to OCIO and other factors fueled ’Great Resignation.’
A 2020 accounting error had prompted the investigation that lasted for more than a year.
However, funded levels are likely to be lower in March as Russia’s invasion of Ukraine roils markets.
Legal action could influence whether the European Commission approves the $30 billion acquisition.