Over a dozen financial groups and organizations are joining the national hub
As the industry seeks to develop innovative solutions to pension design and to answer investment challenges, the Global Risk Institute in Financial Services (GRI) established a National Pension Hub.
Acting as the country's centre for pension knowledge and research, the NPH is aiming to provide pension and income security studies. To date, over a dozen are already taking part and joined the centre. Aside from GRI, the following signed up to be part of the centre's member organisations: IMCo, bcIMC, CDPQ, CPPIB, CN Rail, Deloitte University, IMCO, KPMG, McKinsey, Mercer, OMERS, OTPP, Public Sector Pension Investment Board, and PwC.
Ontario Teachers' Pension Plan chief risk & strategy officer Barbara Zvan chairs the NPH. She said the centre prides itself on its diverse set of members. "It will help us produce innovative ideas and research that reflect a wide range of interests and perspectives,” she said.
The centre plans to tackle issues currently faced by the industry, ranging from the aging population, complex regulations, market volatility, and the pressure to generate robust returns in a challenging environment.
GRI CEO Richard Nesbitt said NPH's studies will be able to help not just pension plan providers, but also investment managers, policymakers, and government administrators in addressing the mentioned challenges.
"We plan to build a deep reservoir of pension knowledge and research that will inform pension industry stakeholders, encourage debate on pension policy, and lead to consensus on critical issues," he said, adding that GRI's established model on how to create value from research will come in handy.
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Acting as the country's centre for pension knowledge and research, the NPH is aiming to provide pension and income security studies. To date, over a dozen are already taking part and joined the centre. Aside from GRI, the following signed up to be part of the centre's member organisations: IMCo, bcIMC, CDPQ, CPPIB, CN Rail, Deloitte University, IMCO, KPMG, McKinsey, Mercer, OMERS, OTPP, Public Sector Pension Investment Board, and PwC.
Ontario Teachers' Pension Plan chief risk & strategy officer Barbara Zvan chairs the NPH. She said the centre prides itself on its diverse set of members. "It will help us produce innovative ideas and research that reflect a wide range of interests and perspectives,” she said.
The centre plans to tackle issues currently faced by the industry, ranging from the aging population, complex regulations, market volatility, and the pressure to generate robust returns in a challenging environment.
GRI CEO Richard Nesbitt said NPH's studies will be able to help not just pension plan providers, but also investment managers, policymakers, and government administrators in addressing the mentioned challenges.
"We plan to build a deep reservoir of pension knowledge and research that will inform pension industry stakeholders, encourage debate on pension policy, and lead to consensus on critical issues," he said, adding that GRI's established model on how to create value from research will come in handy.
For more of Wealth Professional's latest industry news, click here.
Related stories:
Are Canadian investors ready to hedge their bets?
Why objective-based investing is set to return
