Mercer is proud to present findings of the second edition of the Canadian Asset Allocation Survey for registered defined benefit (DB) plans. The 2013 survey provides results for 235 DB plans ranging from $1.3 million to $24 billion of assets under administration. Survey responses were collected during the second half of 2013.
Since the time of the survey, the funded status of Canadian DB plans has improved significantly. During 2014 and beyond, we expect a significant number of plans to actively adjust their policy asset allocation to reflect their improved funded position and changes in relative valuation levels. Users should keep in mind that the survey reports on the “average” allocation of reporting plans and, as such, the composite result is not necessarily indicative of any particular plan. Furthermore, Mercer cautions sponsors from primarily basing their asset allocation on the decisions of other sponsors. Looking forward, we anticipate further divergence in asset allocations as the risk tolerance, governance structures, and investment objectives of Canadian DB plans continue to diverge.
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