UBC FPP Short Term Investment Fund Investment Management Change

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 transactions in this fund option. The investment management fees charged to the STIF were very slightly reduced (by 0.01%) with this change. The assets in the UBC FPP STIF will continue to be invested in accordance with the Plan’s Statement of Investment Policies and Goals with oversight by the UBC FPP Board of Trustees.