April 3, 2020
Investment returns are particularly important in ensuring funding of benefits under the Plan. The investment markets can be very challenging due to the ever-changing economic and political factors that can affect investment markets globally. These challenges can result in extreme volatility over short periods of time. The key for long-term investors, such as PSPP Corporation, is to focus on prudent and diversified investments that will provide the returns necessary to meet the funding requirements of the Plan over a long-term period.
There has been an extreme decline in global investment markets arising from the global outbreak of the COVID-19 virus that has affected all investors including PSPP Corporation. However, the Plan fund is secure for the long term. The Plan fund is well diversified in various asset classes and invested globally, for the long term, in accordance with prudent investment policies and guidelines approved by the PSPP Corporation Board of Directors. While the Plan fund has suffered some losses in the short term, it is well positioned to meet the long-term return objectives to ensure plan benefits are funded in compliance with the legislated funding structure.
Our principal objective is to secure the PSPP pension of Plan members. PSPP Corporation is carefully monitoring the investment performance of our exclusive investment manager, AIMCo, and is working with AIMCo to prudently manage the fund, on your behalf.