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The majority (72 per cent) of Canadian pension funds said they’re currently focused on consolidation options that offer greater certainty they’ll be able to meet their liabilities, according to a survey by CIBC Mellon.
It also found 50 per cent of pension funds surveyed plan on implementing consolidation plans over the next three to five years. The same percentage (50 per cent) of respondents that said they’re considering merging other funds’ assets into their owns plans believe the move will require them to cope with greater scrutiny. However, they also recognize it could provide significant benefits such as the ability to tap into economies of scale and regulatory effectiveness.
Leading Canadian Pension Plans Repositioning Asset Allocations, Increasing In-House Asset Management According to New Research from CIBC Mellon yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.