Skip to main content

The Globe and Mail

Pensions plans gain 3.4% in fourth quarter

A man looks over a brochures offering various retirement savings options.


Statistics Canada says employer-sponsored pension funds were worth more than $1.1-trillion at the end of December, a 3.4-per-cent increase from September and up 4.6 per cent for the full year.

The gain compared with an increase of 14.2 per cent in 2010 and 10.5 per cent in 2009.

The value of pension fund investments in bonds at the end of the fourth quarter increased 3.6 per cent from the third quarter to $424.8-billion while investments in stocks recovered from losses in the third quarter, increasing 2.9 per cent to $338.5-billion.

Story continues below advertisement

Smaller amounts were invested in mortgages, real estate and other types of assets.

The report included trustee-governed employer pension plans and their pension funds.

Five million Canadian workers are covered by trustee-governed employer pension plans. Another million workers are covered by employer pension plans that are managed by insurance companies under contract.

In the fourth quarter, 70.2 per cent of pension fund investments managed by trustees were in domestic holdings and 29.8 per cent in foreign holdings, unchanged from the previous quarter.

Revenue increased 34.4 per cent to $29.2-billion in the fourth quarter due to special payments made by employers to cover pension liabilities, increased investment income and profits from the sale of securities.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Please note that our commenting partner Civil Comments is closing down. As such we will be implementing a new commenting partner in the coming weeks. As of December 20th, 2017 we will be shutting down commenting on all article pages across our site while we do the maintenance and updates. We understand that commenting is important to our audience and hope to have a technical solution in place January 2018.

Discussion loading… ✨