From Komfie Manalo, Opalesque Asia – A landmark study by the Boston Consulting Group showed that Canada’s 10 largest public pension funds are one of the country’s main growth drivers while at the same time providing Canada with one of the strongest retirement income systems in the world.
The study, commissioned by several members of the so-called Top Ten, provides an in-depth examination of the economic impact of these pension funds to the end of fiscal 2011. It concluded that the Top Ten are a Canadian success story on the world stage.
"This study is the first of its kind covering a group of financial institutions whose daily activities have an enormous impact on the retirement prospects of current and future generations of Canadians, and on the economy at large," said Kilian Berz, Senior Partner and Head of BCG Canada. "Several factors have enabled their success, with a core factor being a strong governance structure that allows the funds to operate as a business in the best interests of their members."
Data showed that the pension funds is a major cornerstone of the Canadian financial system and is a major contributor to the nation’s economy. Indeed, over the last 10 and 15 years, these 10 largest pension funds have established themselves as reputable business organizations that helped attract investors that benef......................
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