As of December 9, 2015 the investment management of the UBC Faculty Pension Plan (UBC FPP)’s Short Term Investment Fund (STIF) has been changed from British Columbia Investment Management Corp (bcIMC) to Sun Life Global Investments (Canada) Inc. This change was made primarily for operational reasons and will allow for more efficient handling of the […]
We are pleased to announce that the official results of the Faculty Pension Plan (FPP) Election have now been released. We would like to congratulate Dr. Robert Heinkel and Mr. Vijay Verma, who have both been re-elected as members of the FPP Board of Trustees. Their terms of office are from January 1, 2016 to […]
The UBC Pension Administration Office will be closed from noon on December 24, 2015 to January 1, 2016 inclusive. The office will reopen on January 4, 2016. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604-827-3286. These messages will be monitored daily over the holiday period. The […]
Beginning June 2016, the UBC Pension Administration Office will no longer produce a paper version of the quarterly information sheet. Over the next several months, we will transition to an email version of the information sheet called “UBC Faculty Pension Plan Update,” which includes important information and latest news from the UBC Faculty Pension Plan and […]
The new Pension Benefits Standards Act (PBSA) legislation came into force on September 30, 2015. Below is a summary of changes that may be of interest to our members: Maximum Withdrawal Amounts for LIF-Type Payments: Under the new PBSA, the maximum withdrawal amounts for LIF-Type Payments have increased. The new maximum percentages are posted on the […]
As part of the 2015 Budget, the Federal Government recently introduced new, lower minimum withdrawal factors starting at age 71 applicable to RRIF/LIF-Type payments. There has been no change to the current minimum withdrawal factors for members who are age 70 and under. The new withdrawal factors apply retroactively as of January 1, 2015. Members […]
The UBC Faculty Pension Plan (FPP) is currently holding an election for two trustees to serve on the Board of Trustees for a four-year term from January 1, 2016 to December 31, 2019. Click on the link below to vote: https://facultystaff.students.ubc.ca/enrolment-services/senate/elections/fpp-election Election packages were mailed on October 19, 2015 to all eligible members and voting closes […]
Investment performance information continues to be available on the Plan’s Investment page at faculty.pensions.ubc.ca/investments/.You may also view this information by signing in to mysunlife.ca/ubcfpp, then under Investments, select Manage plan > my plan > Plan overview > View available investments. Investment Performance Information Where can I find this information? Fund Unit Values (Daily) Sign in to mysunlife.ca/ubcfpp, then […]
The UBC Faculty Pension Plan (FPP) Balanced Fund is a composite of different asset classes managed by 12 different investment managers. One of the real estate managers, Bentall Kennedy, was purchased by Sun Life Financial effective September 1, 2015. This acquisition does not impact the UBC FPP Balanced Fund in any way. Bentall Kennedy will retain […]
Market Commentary – Third Quarter 2015
October 30, 2015
The third quarter of 2015 experienced high volatility and a large sell-off in the equity markets due to several factors. These factors included concern over high developed market valuations, fear of the U.S. Federal Reserve increasing interest rates, falling commodity prices, and increasing concern over China’s economic slowdown being more severe than initially expected. U.S. […]