Pensions - Public & Private
Rebounding markets boost CPP results
Rebounding global stock markets helped the Canada Pension Plan to a
17.6-per-cent return, its best yearly performance since the Canada Pension Plan
Investment Board was created in 1999, and a reversal from a loss of $1.1-billion
or 1.5 per cent for fiscal 2003. Shirley Won has more.
Most Canadians know little about their pension plans, study
Most Canadians cannot correctly answer basic questions about their company's
defined-contribution pension plan, and get little help from corporate education
programs, a new survey by SEI Investments Canada has found. Janet McFarland has
Retirees' benefits under siege
Dave McKenzie retired from Procter and Gamble Inc. at the relatively young
age of 56 -- but took with him a generous package of company-provided health
benefits and insurance that will continue in full, even if he lives to be 100 or
more. Read Wallace Immen's report.
MUTUAL FUNDS: Hot Sales, Cold Feet and New
Sales roar in best April in years
Canadian investors pumped a net $1.4-billion into mutual funds last month to
mark the industry's best April sales tally in six years, according to the
Investment Funds Institute of Canada. Carolyn Leitch has more.
Managers adopting defensive posture, study says
Increasingly worried about inflation and the possibility of slower economic
growth, global fund managers have become significantly more averse to risk in
the past month, according to the latest monthly Merrill Lynch and Co. Inc.
survey. Angela Barnes investigates.
Proposed NI 81-107 needs work
Proposed National Instrument 81-107 proposes to replace a number of the
existing rules and regulations pertaining to conflict of interest issues in
Dan Hallett finds several areas of concern in the new guidelines.
DSCs on way out
Investment Executive recently reported that the sales of deferred sales
charge (DSC) funds account for roughly half of mutual fund sales - down from
about three-quarters just a few years ago. Read Dan Hallet's report.
PERSONAL INVESTING: Retiring (from) Debt
Couple aiming for debt-free retirement
Twelve years ago, Luis and Bettina Reyes arrived in Canada to study
mathematics. After adapting to the climate -- a rather large change from their
first home in Asia, the Reyes (not their real names), got advanced degrees and
went to work for a major insurance company based in Toronto. More from Andrew
Jacking up your GIC income
The eternal hopefulness of the conservative investor is about to be rewarded
by higher interest rates on GICs. Rates of 1 to 3 per cent for one- and
five-year terms are bound to improve, but you'd have to be hopeful to the point
of delusion to expect quick and meaningful increases. Rob Carrick has more.