Investment Update Presentation from Dec 3, 2020 – Recording and Q&A
On Thursday December 3, 2020, the FPP held an online investment update presentation. Kamila Giesbrecht, Executive Director, Investments, provided an update on the Plan’s investments and review of how the funds performed in 2020, followed by a brief question period. If you weren’t able to attend, you may view the recorded presentation here. Not all […]
Office Holiday Closure
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 […]
Faculty Pension Plan Update Newsletter – November 2020
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 […]
Update from the UBC Faculty Pension Plan Board: Investment Priorities during the continued Coronavirus Pandemic
[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 […]
Market Commentary – Third Quarter 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 […]
Market Commentary – Second Quarter 2020
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 […]
Questions and Answers for Members
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 […]
Market Commentary – First Quarter 2020
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 […]
Faculty Pension Plan Update Newsletter – April 2020
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 […]
Market Commentary – Fourth Quarter 2020
February 11, 2021
The fourth quarter of 2020 marked the reemergence of the equity bulls, as stock markets around the world accelerated to the upside starting in November. The timing was coincident with the announcement and expected rollout of several highly effective vaccine treatments for COVID-19, as well as renewed lockdowns and restrictions across many regions. Significant macroeconomic […]