• Charles Manty’s Article on Private Investments Published in Benefits Canada

    Sounding Board: Holy grail of higher returns comes with a catch Article written by Charles Manty, Investment Consultant at PBI Actuarial Consultants Ltd., published in Benefits Canada. Extract Investors have seen fixed-income yields pushed lower as central banks venture into uncharted policy waters. Meanwhile, equities are once again vacillating in the face of multiple economic

  • The PBI Canadian Pension Solvency Index for the Period Ending December 31, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s GDP rose an annualized 3.5% in Q3 driven by net exports, consumption and inventories, following a 1.3% decline in Q2.  While a quarter of Canada’s oil production was temporarily halted in Q2 due to the Fort McMurray

  • The Ostrich has its Head in the Sand: Is it Scared or in Denial?

    Be it the recent U.S. election results, Brexit, changes to our own Canadian political landscape or events that have occurred in other countries around the world, there continues to be significant global social, political and economic unrest. Voters have become more cynical and distrustful of their political leaders and economic institutions, challenging traditional ways and

  • The PBI Canadian Pension Solvency Index for the Period Ending September 30, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s real GDP fell 1.6% during the second quarter of 2016 triggered by the wildfires in Fort McMurray which lowered petroleum output and exports.  As a result, the Bank of Canada revised its growth outlook downwards to 1.3%

  • The PBI Canadian Pension Solvency Index for the Period Ending September 30, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s real GDP fell 1.6% during the second quarter of 2016 triggered by the wildfires in Fort McMurray which lowered petroleum output and exports.  As a result, the Bank of Canada revised its growth outlook downwards to 1.3%

  • FICOM Reports : Defined Benefit Pension Plans Registered in BC

    In the past two years, FICOM has published two reports on the pension plans registered in BC.  The first such report focused solely on defined benefit plans (June 2015) and the second included information on both defined benefit and defined contribution plans (August 2016).  Here are some comparisons and highlights for defined benefit plans from

  • The PBI Canadian Pension Solvency Index for the Period Ending June 30, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s economy grew at 1.1% over the twelve months ending March 2016.  This was less than half of the 2.5% GDP growth experienced in 2014 and the slowest since the 2009 recession.  The slower pace of growth is

  • Federal, Provincial and Territorial Governments Announce Agreement in Principle to Enhance Canada Pension Plan

    On June 20, 2016, the Federal Minister of Finance and his provincial and territorial counterparts announced that an agreement in principle had been reached between the federal government and the provinces and territories on Canada Pension Plan (CPP) enhancement during the first day of meetings at the Federal-Provincial-Territorial Finance Ministers’ Meeting in Vancouver. The CPP

  • The PBI Canadian Pension Solvency Index for the Period Ending March 31, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s economy grew at 1.2% for the full year ending 2015.  This was less than half of the 2.5% GDP growth experienced in 2014 and the slowest since the 2009 recession.  Much of the same is expected for

  • 2016 Federal Budget Highlights

    On March 22, 2016, Minister of Finance Bill Morneau presented the 2016 Canada Federal Budget titled “Growing the Middle Class” (Budget 2016).  The first budget from the recently elected Liberal government prioritizes help for Canada’s middle class.  Budget 2016 features numerous measures to improve infrastructure, eliminate and amend a number of tax benefits including the