The Pension Administration Office will be closed for the holidays from December 24, 2022 to January 2, 2023 inclusive. Our office will reopen on Tuesday, January 3, 2023. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604-827-3286. These messages will be monitored over the holiday period. The […]
At the start of the third quarter, there was widespread optimism that inflation had peaked and that slowing economic activity would allow monetary policymakers to limit further tightening and perhaps pivot toward lower interest rates sooner than expected. This sparked a rally across asset classes into late August, at which point U.S. Federal Reserve Chair […]
The UBC Faculty Pension Plan Board of Trustees regularly monitors the performance and asset mix of the investment options. They make changes as appropriate. Members are encouraged to stay up to date about investment changes, as they may affect the investment options that you are invested in. The latest investment news and updates can be […]
The last date to request non-scheduled withdrawals from RRIF/LIF-Type Payment accounts for this calendar year is Friday, December 16, 2022.
The June 2022 issue of the UBC Faculty Pension Plan Update newsletter is now available online. In this issue: UBC FPP Balanced and Bond Fund Changes Underway Evaluation of Investment Options and Managers in the UBC FPP Market Commentary Q1/2022 Upcoming Retirement Income Options Seminars Retirement Income Options within the FPP Staff Announcement: Executive Director, Pensions […]
As reported in the last FPP Update newsletter and in the Plan’s 2021 Annual Report, changes are being made to the strategic asset mix for the UBC FPP Balanced Fund to increase real assets (i.e. real estate and infrastructure). The new asset mix provides a slight reduction in the overall risk level while increasing the […]
Both bond and stock markets started 2022 poorly, as investors began pricing in aggressive interest rate hikes in the face of rising inflation and slowing economic growth. As highlighted in previous commentaries, these trends were firmly in place towards the end of last year, but the military conflict in Europe has intensified price pressures and […]
The Plan held its annual Pension Forum on May 3, 2022. The presentation included updates on the 2021 Board initiatives and projects, financial and membership statistics, and investment reviews for 2021 and the first quarter of 2022. The presentation was then followed by a question period. If you weren’t able to attend, you may view […]
The UBC Faculty Pension Plan’s 2021 Annual Report is now online. This 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, 2021 are also available online. View the 2021 UBC FPP Annual Report
Market Commentary – Fourth Quarter 2022
February 22, 2023
Financial markets faced uncertainty about future monetary policy in the fourth quarter. Signs of peaking inflation, along with market expectations for a downward shift in the pace of monetary tightening, boosted investor sentiment and led to widespread gains across asset classes in the first two months of the quarter. Positive sentiment reversed in December in […]