TORONTO, April 1,
2024 /CNW/ -- Aon plc (NYSE: AON),
a leading global professional services firm, announced
today that the aggregate funded ratio for Canadian pension plans in
the S&P/TSX Composite Indexincreased from 100.7 percent to
105.1 percent during the past 3 months, according to the Aon
Pension Risk Tracker.
The Aon Pension Risk Tracker calculates the aggregate funded
position on an accounting basis for companies in the S&P/TSX
Composite Index with defined benefit plans. To access Aon's
interactive tracker, which dates to 2013, click here. The tool
allows plan sponsors to track their individual plan's funded status
daily. Versions of the pension tracker are also available for the
S&P 500 in the U.S. and for other indices in the UK.
Key findings for the quarter ending March 31, 2024 include:
- Pension assets gained 2.9 percent over the first quarter of
2024.
- The long-term Government of Canada bond yield increased 32 basis points
(bps) relative to the previous quarter rate, and credit spreads
narrowed by 9 bps. This combination resulted in an increase in the
interest rates used to value pension liabilities from 4.42 percent
to 4.65 percent.
"The financial health of pension plans in Canada continues to improve," said
Nathan LaPierre, partner, Wealth
Solutions, Aon. "As a result, we expect de-risking and risk
transfer activities to continue apace."
For more information, please click here
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Media Contact
Alexandre Daudelin
+1 514 967-9330
SOURCE Aon plc