We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aon PLC | NYSE:AON | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-21.99 | -7.19% | 284.01 | 285.32 | 268.06 | 274.41 | 4,566,509 | 01:00:00 |
TORONTO, Jan. 4, 2021 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today that the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index increased from 90.8 % to 91.2% during the past 12 months, according to the Aon Pension Risk Tracker.
The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for the companies in the S&P/TSX Composite Index with defined benefit (DB) plans. To access Aon's interactive tracker, which dates back to 2013, click here. The tool uses Aon's Risk Analyzer platform, which allows plan sponsors to track their individual plan's funded status on a daily basis. Versions of the Pension Risk Tracker are also available for the S&P 500 in the U.S. and for a number of indices in the UK; moving to this platform in Canada allows Aon to take a global view of pension plan funded status.
Key Findings:
"Equity markets performed strongly in 2020 and helped funded ratios improve," said Erwan Pirou, Canada Chief Investment Officer, Retirement Solutions, Aon. "However, some pension plans did not realize the full benefit of the equity market rally, as some active equity managers underperformed their benchmark. One possible new year's resolution: look at the structure of your equity portfolio to make sure it's balanced across different equity styles and able to perform well in different environments."
"After a wild ride throughout the year – funded status cratered in late March, to almost 80% – Canadian pension plans ended 2020 in a similar, if slightly better, funded position compared to how they started the year," said Nathan LaPierre, Partner, Retirement Solutions, Aon. "Plan sponsors who are in de-risking mode should redouble their efforts to lock in improved funded positions, while those with ongoing DB plans will need to grapple with lower return expectations stemming from ultra-low interest rates."
About Aon
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Follow Aon on Twitter and LinkedIn
Stay up to date by visiting the Aon Newsroom and hear from Aon's expert advisors in The One Brief.
Sign up for News Alerts here
Media Contact
Alexandre Daudelin
+1 514 982 4910
SOURCE Aon plc
Copyright 2021 Canada NewsWire
1 Year Aon Chart |
1 Month Aon Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions