•   
  •   
  •   

Money CPP Fund posts 11.6% return in fiscal 2018

17:57  17 may  2018
17:57  17 may  2018 Source:   msn.com

Flooding forces evacuations in B.C. Interior

  Flooding forces evacuations in B.C. Interior Flooding forces evacuations in B.C. InteriorAs of Sunday afternoon, at least 15 communities are affected, with 18 evacuation alerts and 19 evacuation orders in place.

Similar from the Web. CPP Fund posts 11 . 6 % return in fiscal 2018 - richinwriters.com. CPPIB posts 11 . 6 % return for 2018 fiscal year | Benefits Canada - www.benefitscanada.com. The Canada Pension Plan Investment Board posted a net annual return of 11 .

Canada Pension Plan Investment Board achieved an 11 . 6 per cent rate of return in fiscal 2018 , keeping it on track to provide long-term financial support for the country's largest retirement fund , according to figures released Thursday.

TORONTO - Canada Pension Plan Investment Board says the main fund it manages for the national retirement system increased its assets by $39.4 billion over the financial year ended March 31, achieving a net annual return of 11.6 per cent.

CPPIB's chief executive officer Mark Machin says the main driver of growth over the first nine months of fiscal 2018 came from soaring public equity markets.

The CPP Fund received $36.7 billion in net income from investments, after all CPPIB costs, and $2.7 billion in net contributions from employers and employees covered by the Canada Pension Plan.

At the end of March, the CPP Fund had net assets of $356.1 billion, up from $316.7 billion at the end of fiscal 2017.

The investment portfolio's 10-year real rate of return, which is used as a benchmark against assumptions made by Canada's chief actuary, was 6.2 per cent while the five-year rate of return was 10.4 per cent.

The chief actuary estimates the CPP Fund can meet its obligations with an average return of 3.9 per cent over 75 years.

Doug Ford's PCs reveal 'final' campaign platform that has no fiscal outlook .
Doug Ford's PCs reveal 'final' campaign platform that has no fiscal outlookOvernight on Tuesday, the PCs quietly revised their campaign website to include "For The People: A Plan for Ontario.

—   Share news in the SOC. Networks
This is interesting!