7 facts about the Canada Pension Plan Investment Board

By awrara ra

American International Group is reportedly in talks with Canada’s largest pension fund over the sale of insurance operations connected to Lloyd’s of London.

According to the Wall Street Journal, the deal could also include AIG’s reinsurance company based in Bermuda, though the discussions are still in the early stages with no sign of an agreement being struck just yet.

But what do we know about the Canada Pension Plan Investment Board? Here are seven quick fire statistics to get you started:

  1. According to its website, CPPIB’s “critical purpose is to help provide a foundation upon which 19 million Canadians build their financial security in retirement”
  2. In terms of scale, it is one of world’s 10 largest retirement funds, worth $278.9 billion in the financial year ending March 2016
  3. The company projects that by 2020 this will rise to $300 billion, and by 2030 to a massive $518 billion
  4. CPPIBs asset mix is broken down as follows: Infrastructure (7.6 percent); Canadian equities (5.5 percent); Foreign developed market equities (40.6 percent); Emerging market equities (6.3 percent); Bonds and money market securities (19.4 percent); Real estate (13.2 percent); Other debt (7.5 percent)
  5. The United States is the region with the single highest amount of investment, housing $39.7 percent of CPPIB’s investments
  6. The CPPIB was formed in 1997 by an act of parliament in a bid to sure up Canada’s pensions
  7. In October 2015 a specialist investment office in Mumbai, India, was opened

For more information on the CPPIB visit the company’s website at www.cppib.com

Follow @BizReviewCANADA

Read the August 2016 issue of Business Review USA & Canada magazine


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital