Globe and Mail: Bring on the world. Canadian pension fund managers are ready to embrace new investing strategies as they deal with the stubborn problem of underfunded retirement plans.
Despite several strong years from Canadian stock markets, most domestic pension funds still don’t have enough money to cover the pension promise, according to a recently completed survey of 281 Canadian pension funds by consulting firm Greenwich Associates.
The so-called solvency ratio, a measure of the health of a plan, shows assets average 97 per cent of the future pension liability at the beginning of the year. While that’s up from 95 per cent in 2003, several of Canada’s largest pension plans remain seriously underfunded.
Read Complete Article
