TORONTO, Jan. 2, 2025
/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 decreased to 105.5 percent compared to
105.8 percent at the end of the third quarter, according to the Aon
Pension Risk Tracker. A year ago, it was at 100.7
percent.
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 December 31, 2024 include:
- Pension assets gained 2.3 percent over the fourth quarter of
2024.
- The long-term Government of Canada bond yield increased 20 basis points
(bps) relative to the previous quarter rate, and credit spreads
narrowed by 29 bps. This combination resulted a decrease in the
discount rate, from 4.42 percent to 4.33 percent.
"Most pension plans performed well in 2024, with a meaningful
uptick in funded ratios," said Nathan
LaPierre, partner, Wealth Solutions, Aon. "Uncertainty is
the name of the game for 2025. Many plan sponsors likely still have
room to derisk and should consider doing so in light of healthy
funded positions and that uncertainty."
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