Canadian DB Pensions Post Near-Double-Digit Returns Despite Historic, Turbulent Year: RBC Investor & Treasury Services
Date
29/01/2021
Canadian defined benefit (DB) pension plans ended the year in positive territory against a backdrop of radical uncertainty. Retirement assets returned 9.2% overall in 2020 and 5.4% in the final quarter of the year, according to an All Plan Universe survey just released by RBC Investor & Treasury Services.
“It’s been a tumultuous time for the markets, but we’re seeing positive returns for a third consecutive quarter,” said David Linds, managing director and head of asset servicing, Canada. “The successful development of multiple Covid-19 vaccines was a contributing factor, as were the anticipated government support packages and the conclusion of the US elections.”