In the fall of 2014, Sun Life Financial was selected to become the new record keeper and custodian for the UBC Faculty Pension Plan (FPP) effective June 2015. On June 23, 2015, the Plan assets and member accounts were successfully transferred to Sun Life Financial. Sun Life Financial holds the Plan assets exclusively for the FPP, and […]
As announced in the UBC Faculty Pension Plan (FPP)’s Annual Report, 2014 Year in Review, Cheryl Neighbour, Executive Director of Operations for the FPP, retires in 2015. A succession plan for her retirement was approved by the FPP Board of Trustees in 2014, which included an opportunity to restructure the senior leadership team for the UBC […]
Members will receive their final Statement of Account from the Pension Administration Office in early July 2015. Active and Deferred members are encouraged to read the transition brochure they received in late May/early June 2015 for important information regarding the transfer of their account to Sun Life Financial. Statements of Account for the period of January 1 […]
We are pleased to announce that Orla Cousineau is the new Executive Director, Pensions for the UBC Faculty and Staff Pension Plans. Orla is a highly regarded pension professional with over 25 years of experience in the pension industry. Prior to UBC, Orla had a longstanding and distinguished career with Mercer and was a client […]
The Board of Trustees of the UBC Faculty Pension Plan has recently selected Sun Life Financial to work with the UBC Pension Administration Office to co-administer the Plan. For answers to some of the most common questions about the transition and what it means to members and the Plan, please see The UBC Faculty Pension Plan introduces Sun […]
The results in both the stock and bond markets in the first quarter were largely influenced by central bank policies. Due to slowing economic growth, and low or falling inflation rates, many central banks cut their short-term interest rates leading to strong bond returns in many areas. The U.S. dollar continued to gain strength given […]
Market Commentary – Second Quarter 2015
July 1, 2015
The second quarter of 2015 was one of high volatility in both the bond and equity markets due to several factors. The global bond market was largely affected for much of the second quarter by an expected improvement in economic growth. This led to a drop in bond prices and hence an increase in bond […]