News & Events

UBC Faculty Pension Plan Election – Results

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 […]

April 1 to May 31, 2015 Statements of Account 

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 […]

New Executive Director, Pensions

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 […]

Frequently Asked Questions Regarding the Relationship with Sun Life Financial

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 […]

Termination of the Hedge Fund

The FPP Board of Trustees terminated the current investment in the hedge fund with BlackRock Inc. as of December 31, 2014. This fund was not meeting the performance expectations established for the fund. The existing Policy Mix for this hedge fund was a 3% allocation in the Balanced Fund and a 6% weighting in the […]

Investment Changes Affecting Bond and Balanced Funds

A change was recently approved to the allocation amongst three of the Fund’s current bond managers as shown below. This change provides a larger allocation to the two bond managers that employ a Core Plus mandate (ie. PIMCO and Alliance Bernstein). This Core Plus mandate allows a broader range of the type of bonds they […]

Investment Mandate Change affecting Bond and Balanced Funds

As of July 2013, State Street Global Advisors, one of the Plan’s bond managers, has slightly changed their investment mandate. Their prior mandate was an “Enhanced” index fund seeking to outperform the bond benchmark index (i.e. DEX Universe) by 0.15% per annum. As of July 2013, their new mandate is a fully passive one and […]