July 25, 2022 – Pension Plans Decline in Q2 2022 – Solvency Ratios Improve

by | Aug 31, 2022 | Industry Updates

According to the Northern Trust Pension Universe, Canadian Pension plans declined on average -8.8% for the quarter and -14.5% year to date. However, Northern Trust President and CEO Katie Pries stated that “Although rising interest rates create market uncertainty causing a decline in pension assets, higher rates improve pension funding ratios and the overall financial health of pension plans, serving as a cushion through this volatile period,” This aligns with what Mercer Canada reported earlier this month and with the industry update we published on for Q1 dated April 1, 2022.

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