The Pension Administration Office staff and management will be unavailable from December 25, 2020 to January 1, 2021 inclusive due to our annual office holiday closure. We will return to work on Monday, January 4, 2021 and will be available through email and phone. Our physical office is still temporarily closed due to the COVID-19 […]
The November 2020 issue of the UBC Faculty Pension Plan Update newsletter is now available online. In this issue: Update from the UBC Faculty Pension Plan Board: Investment Priorities during the continued Coronavirus Pandemic Live Webcast on Dec 3: Investment Update for FPP Members Real Estate Manager changes affecting the Balanced Fund Workday Process Changes […]
[Originally published on October 6, 2020] As the pandemic continues to run its course, we would like to assure you that the Management and the Board of Trustees for the UBC Faculty Pension Plan (FPP) continue to conduct ongoing due diligence of the investment options available to you. Discussions regarding the longer-term strategic positioning of […]
Asset markets continued their-V-shaped bounce off the March lows, with many equity markets nearly recovering to all-time highs by the end of June. This continues to be in stark contrast to economic activity, which is still undeniably weak and recovering much more slowly in the face of on-again, off-again lockdowns and general COVID-19 fears. In […]
As mentioned in our April 2020 FPP Update newsletter, the following are Questions and Answers for UBC Faculty Pension Plan members. We would like to thank the members who participated and submitted questions. I’ve read that the stock market dropped significantly in the first quarter of 2020. I worry about my investments. How can I protect my […]
The first quarter of 2020 started on a positive note with easing of trade tensions between the United States and China and geopolitical tensions between U.S. and Iran, but ultimately will be remembered for generations for the COVID-19 pandemic, the economic impact of government responses globally, and the record speed in which it negatively impacted […]
The April 2020 issue of the UBC Faculty Pension Plan Update newsletter is now available online. In this issue: Message from the UBC Faculty Pension Plan Board regarding the coronavirus pandemic Pension Forum cancelled 2019 Annual Report The UBC FPP Fossil Fuel Free Equity and Bond Fund is now available New Executive Director, Investments – Kamila Giesbrecht […]
[Originally published on April 1, 2020] As the coronavirus pandemic continues to unfold and impact every aspect of our lives, the UBC Faculty Pension Plan (FPP) Board of Trustees would like to assure you that we are monitoring the crisis closely and have taken all the necessary steps to ensure the continuity of services that […]
The UBC Faculty Pension Plan’s annual report is now available online. The report includes plan highlights, membership and financial statistics, fund and investment managers’ rates of return, and an investment commentary. The Plan’s audited Financial statements as at December 31, 2019 are also available online. View the 2019 UBC FPP Annual Report
Market Commentary – Third Quarter 2020
October 29, 2020
In the third quarter, economic activity bounced back forcefully from the record-breaking economic contractions the quarter earlier. Equity markets rallied alongside the improved economic data before correcting in September, as it became evident that governments globally were once again considering shutting down economies to combat the spread of COVID-19. Economic output remains far below that […]