<p><span>Canadian defined benefit (DB) pension plans posted hard-hitting losses in 2022 despite a positive final quarter, according to the latest survey from RBC Investor & Treasury Services (I&TS).</span></p>
<p><span>As global equity markets continued to hit new highs, defined benefit pension plans posted a Q4 median return of 4.5% and closed out 2021 with an 8.9% annual return – as compared to 2020’s 9.2% return – according to the RBC Investor & Treasury Services All Plan Universe, one of the industry’s largest and most comprehensive universes of Canadian pension plans.</span></p>