Employer pension plans (trusteed pension funds), second quarter 2014
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Released: 2014-12-10
The market value of Canadian employer-sponsored pension funds rose for the fourth consecutive quarter, totalling $1.4 trillion at the end of the second quarter.
The value of bond holdings increased 4.2%, while investments in real estate assets grew 3.3%. The value of mortgages rose 2.4% and stocks edged up 0.1%.
Foreign investments in Canadian pension funds accounted for 32.8% of total pension fund assets.
Pension fund revenue grew 2.2% in the second quarter to $40.2 billion. Declines in employer contributions (-4.2%) and profits from the sale of securities (-8.6%) were offset by a 13.7% increase in investment income.
Expenditures declined 4.1% in the second quarter. With the increase in pension fund revenue, net income grew 7.2% to $23.5 billion.
Over 6.2 million Canadian workers are members of employer-sponsored pension plans. Of this group, 5.2 million (83.6%) workers belong to pension plans with assets managed by trusteed funds. The remaining members have assets managed by insurance company contracts.
Note to readers
For purposes of this survey, trusteed pension funds include the assets of one or more registered pension plans: those held under a trust agreement, those held by a pension corporation or pension fund society, those administered under legislation of the Government of Canada, or government of a province of Canada as well as those held by an insurance company for investment management only.
Excluded from the survey are pension funds held in total under an annuity insurance contract.
Contact information
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