TORONTO, Oct. 1, 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 percent compared to 106.9 percent at
the end of the second 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.
Key findings for the quarter ending September 30, 2024 include:
- Pension assets gained 5.1 percent over the third quarter of
2024.
- The long-term Government of Canada bond yield decreased 26 basis points
(bps) relative to the previous quarter rate, and credit spreads
narrowed by 3 bps. This combination resulted a decrease in the
discount rate, from 4.77 percent to 4.48 percent.
"Pension plans have continued to maintain their funded
positions over the third quarter," said Nathan LaPierre, partner, Wealth Solutions, Aon.
"However, with inflation having reached the Bank of Canada's target, and with the prospect of
further interest rate reductions, plan sponsors should ensure that
their plans are well hedged against interest rate
risks."
About Aon
Aon plc (NYSE: AON) exists to shape decisions
for the better — to protect and enrich the lives of people around
the world. Through actionable analytic insight,
globally integrated Risk Capital and Human Capital expertise, and
locally relevant solutions, our colleagues in over 120 countries
provide our clients with the clarity and confidence to make better
risk and people decisions that protect and grow their
businesses.
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Media Contact
Alexandre Daudelin
+1 514 967-9330
SOURCE Aon plc