Global equity markets remained volatile in the second quarter, largely influenced by the Brexit vote and the uncertainty this result created. A flight to safety after Britain voted to exit the European Union led to falling stock prices and bond yields reaching near all-time lows. Safe-haven assets (e.g. gold, U.S. dollar, Japanese yen) all rallied. […]
July 2016 marked the one year anniversary of the UBC Faculty Pension Plan’s move to a recordkeeping and custodial platform under Sun Life Financial. Through the first year of our enhanced relationship, we have learned a great deal and continue to work with Sun Life on improving processes and administrative efficiencies. We thank our members […]
One of the benefits of being a member of the UBC Faculty Pension Plan (FPP) is the low management fees associated with the Plan. The Plan offers a diversified selection of investment funds and guaranteed funds to help you build your portfolio. The Plan’s Board of Trustees have negotiated fees that are typically lower than […]
Beginning January 2017, the contributions deducted from your pay will be deposited to your account on a semi-monthly basis. Contributions, including the University’s contributions, will be deposited to your account within five business days after each pay date. Learn how you can view a detailed transaction history of your account here.
Two changes to the foreign equity manager structure were recently approved by the Plan’s Board of Trustees that affect both the Balanced Fund and Foreign Equity Fund options. There is no change in the total allocation to foreign equities in either fund option; however, there are changes in the manager/mandate allocations. These two changes are: […]
The FPP Board recently approved the termination of one of the four Canadian equity managers, PCJ Investment Counsel. This change affects the Balanced Fund and Canadian Equity Fund options. Effective mid-June 2016, the assets being managed by PCJ Investment Counsel were equally distributed to the remaining three Canadian equity managers (i.e. Connor, Clark & Lunn, […]
The University provides several resources to support members with their retirement, one of which includes funding for retirement counselling. UBC will reimburse Faculty Association members for retirement counselling services up to a maximum of 3 hours ($750 limit) per member. For more information and to obtain a reimbursement form, please visit the UBC Faculty Relations […]
Please note that the Pension Administration Office (PAO) will be closed from 11:30 a.m. to 4:30 p.m. on Thursday, August 18. If you wish to speak with a PAO staff member in person, please visit the office outside of these hours. The PAO will reopen at 8:30 a.m. on Friday, August 19. During this office […]