Money CPP Fund posts 11.6% return in fiscal 2018

17:57  17 may  2018
17:57  17 may  2018 Source:   msn.com

Tory candidate blames mental health for 'reckless' behaviour

  Tory candidate blames mental health for 'reckless' behaviour LONDON, Ont. - A Progressive Conservative candidate says years of struggling with mental illness are to blame for what he's described as past "failings." Andrew Lawton has issued a statement saying an eight-year battle with an unspecified mental illness caused him to be "reckless" in nearly all areas of his life, including socially, sexually and vocationally.

Canada Pension Plan Investment Board (CPPIB) says the main fund it manages for the national retirement system increased its assets by .4 billion over the financial year ended March 31, achieving a net annual return of 11 . 6 per cent.

Canada Pension Plan Investment Board achieved an 11 . 6 -per-cent rate of return in fiscal 2018 , keeping it on track to provide long-term financial support for the country’s largest retirement fund , according to figures released Thursday. The CPP Fund increased its assets by

TORONTO - Canada Pension Plan Investment Board says the main fund it manages for the national retirement system increased its assets by $39.4 billion over the financial year ended March 31, achieving a net annual return of 11.6 per cent.

CPPIB's chief executive officer Mark Machin says the main driver of growth over the first nine months of fiscal 2018 came from soaring public equity markets.

The CPP Fund received $36.7 billion in net income from investments, after all CPPIB costs, and $2.7 billion in net contributions from employers and employees covered by the Canada Pension Plan.

At the end of March, the CPP Fund had net assets of $356.1 billion, up from $316.7 billion at the end of fiscal 2017.

The investment portfolio's 10-year real rate of return, which is used as a benchmark against assumptions made by Canada's chief actuary, was 6.2 per cent while the five-year rate of return was 10.4 per cent.

The chief actuary estimates the CPP Fund can meet its obligations with an average return of 3.9 per cent over 75 years.

Liberals promise debt-cutting legislation .
TORONTO - The Ontario Liberals promised new legislation on Saturday that would reduce the province's debt, saying they were presenting the only realistic financial plan between the three major parties. Liberal Leader Kathleen Wynne said that in years when the province beats its own fiscal projections — something she noted her party has done for the past four years — the proposed legislation would require 100 per cent of unspent money to go towards reducing debt.The governing Liberals made the promise as they launched their full campaign platform, much of which was similar to the government's latest budget released in March.

Source: http://ca.pressfrom.com/news/money/-75048-cpp-fund-posts-11-6-return-in-fiscal-2018/

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