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Pension plans recover in Q4; Feds to reduce red tape for business
|Canadian HR Reporter|Last Updated: 01/31/2011

Pension plans recover in Q4

Toronto — Good stock market returns and a slight rebound in long-term federal bond yields in the fourth quarter allowed Canadian pension plans to make up for most of the losses in the second and third quarters of 2010, according to the Mercer Pension Health Index. The index reached 73 per cent on Dec. 31, up five per cent over the quarter but down one per cent on the year. On average, the typical pension plan experienced a return on assets of almost four per cent in the fourth quarter. However, strong asset performance was offset by the overall drop in long-term federal bond yields, said Mercer.

Feds to reduce red tape for business