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‘Top Ten’ Canadian Success Story

Canada’s 10 largest public pension funds, dubbed the 'Top Ten,’ provide Canadians with one of the strongest retirement income systems in the world and also contribute significantly to national prosperity, says a study by the Boston Consulting Group. The study is an in-depth examination of the economic impact of these pension funds to the end of fiscal 2011. It concludes they are a Canadian success story on the world stage. They represent a major cornerstone of the Canadian financial system and the economy at large. Over the last 10 to 15 years, they have established the reputation of Canadian pension funds management as truly world-class. This reputation has opened doors around the world to investment opportunities that benefit the Canadians receiving pensions as well as their communities as a whole. Kilian Berz, a senior partner and head of Boston Consulting Group Canada, says “several factors have enabled their success, with a core factor being a strong governance structure that allows the funds to operate as a business in the best interests of their members." The top 10 are the Canada Pension Plan Investment Board. the Caisse de dépôt et placement du Québec, the Ontario Teachers' Pension Plan Board, the British Columbia Investment Management Corporation, the Public Sector Pension Investment Board, the Ontario Municipal Employees Retirement System, the Healthcare of Ontario Pension Plan, the Alberta Investment Management Corp., the Ontario Pension Board, and the OPSEU Pension Trust. At the end of 2011, they managed $714 billion in pension funds, approximately 35 per cent of Canada’s total retirement assets.

Courtesy of Benefits and Pensions Monitor website News Alerts

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