TORONTO, July 2, 2024
/CNW/ -- Aon plc (NYSE: AON), a leading global professional
services firm, announced today that the aggregate funded ratio for
Canadian pension plans in the S&P/TSX Composite Index remains
unchanged at 105.3 percent compared to the end of the first
quarter, according to the Aon Pension Risk Tracker.
The Aon Pension Risk Tracker calculates the aggregate funded
position on an accounting basis for companies in the S&P/TSX
Composite Index with defined benefit plans. To access Aon's
interactive tracker, which dates to 2013, click here. The tool
allows plan sponsors to track their individual plan's funded status
daily. Versions of the pension tracker are also available for the
S&P 500 in the U.S. and for other indices in the UK.
Key findings for the quarter ending June 28, 2024 include:
- Pension assets gained 1.5 percent over the second quarter of
2024.
- The long-term Government of Canada bond yield increased 5 basis points
(bps) relative to the previous quarter rate, and credit spreads
narrowed by 4 bps. This combination resulted in mostly steady the
interest rates used to value pension liabilities, increasing
slightly from 4.65 percent to 4.66 percent.
"The second quarter of 2024 saw pension plans maintain their
healthy funded positions," said Nathan
LaPierre, partner, wealth solutions, Aon. "Markets have
continued to provide time for plan sponsors to take action and
de-risk in light of their funded positions."
For more information, please click here
About Aon
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Media Contact
Alexandre Daudelin
+1 514 967-9330
SOURCE Aon plc