Posts

Revisiting the DB Pension Plan Model Failure

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While in Mont-Tremblant covering the CAIP Quebec & Atlantic conference , I had a fat finger incident and inadvertently deleted a very important post on corporate DB plans which I was able to recover and bolster with some additional comments from senior pension fund managers and expert actuaries (see update at the end). I recently critically reviewed an op-ed in the Globe and Mail written by Brent Simmons, Senior Managing Director & Head, Defined Benefit Solutions at Sun Life on why the DB pension plan business model has failed. Following that comment, I received some feedback from senior pension fund managers and Malcolm Hamilton, a retired actuary and one of the best actuaries in the country. Before I get to this, I was also contacted by Arif Sayeed who was told by Colin Carlton to reach out to me. Colin is a senior consultant at CPPIB and one of the smartest people I've met in the investment industry (a real thinker which is refreshing and unfortunately, very rare)...

Notes on the CAIP Quebec & Atlantic Conference

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I attended the CAIP Quebec & Atlantic conference in Mont-Tremblant over the last two days. You can view the full agenda here . Below, I go over the presentations, with more emphasis on some of the key ones. Before I begin, let me first thank Geoffrey Briant, President & CEO of G2 Alternatives , and Gordon Power, Founder & CIO of Earth Capital , for sponsoring me to attend this conference. I'd also like to thank the organizers of the conference as I found it excellent, relatively small and high quality speakers and attendees. Special Keynote | Canada's Expert Panel Report on Sustainable Finance: What's In It For Asset Owners? Tuesday, September 24, 2019, 8:30 AM - 9:30 AM This special keynote will be of immense and necessary value to every pension fund in Canada — because the future investment portfolios of every single one of them will be affected by it. In April 2018, the Government of Canada announced the formation of the Expert Panel o...