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first_img Comments   Share   Former Cardinals kicker Phil Dawson retires – / 26 The last time the Cardinals were 9-1, the team called Chicago home, Harry S. Truman was the president and the Phoenix metropolitan area was still two decades away from landing its first professional sports franchise.Well, it took 66 years, but the Cards are back in the rarefied air of a 9-1 record after their hard-fought 14-6 win over the Detroit Lions last Sunday at University of Phoenix. Drew Stanton, making the first start of his second stint as Arizona’s starting quarterback this season, threw two first-quarter touchdown passes and the defense held the Lions out of the end zone to push the Cardinals’ winning streak to six. Even some of the Stanton naysayers, who believed Arizona’s inclusion in the group of true Super Bowl contenders died when Carson Palmer blew out his ACL, have given the Cardinals credit (looking at you, Shutdown Corner.)Here’s a look at the Cardinals’ spot in some of the leading Week 12 NFL power rankings from around the country. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impactlast_img read more

CPPIB plans safer investing structure for hike in Canada Pension Plan contributions

first_img More Canada Pension Plan contribution rates for both employees and employers will rise to 5.95 per cent by 2023 from 4.95 per cent in 2018.Getty Images Comment Reddit advertisement Twitter Featured Stories The country’s biggest public pension fund says it has laid the lower-risk groundwork to invest increased Canada Pension Plan contributions that start in 2019.The Canada Pension Plan Investment Board (CPPIB), which invests funds for the CPP, said it will begin receiving and investing those additional amounts this week.The added CPP contributions follow a deal that was struck by the federal and provincial governments in 2016 to enhance the plan and bolster payouts to retirees. Contribution rates for both employees and employers will rise to 5.95 per cent by 2023 from 4.95 per cent in 2018.CPPIB is shorting $750 million worth of EU stock, making it one of the most active short-sellers in Europe, data showTrade war, market drag creating opportunities in China, CPPIB chief saysMinimize your 2018 tax bill with these seven last-minute tips“Over the past year, CPPIB has worked to ensure that both the base CPP and the additional CPP amounts will be managed efficiently and with a view to the opportunities that may be created as the CPP Fund grows,” Mark Machin, CPPIB’s chief executive, said in a press release.“We will invest the additional stream of CPP with the same attention to appropriate growth, risk control and transparency that Canadians count on.”According to the release, the CPPIB has crafted an investment structure that will cover the different needs of the base CPP and the expanded one.“This structure ensures fairness between the base CPP and additional CPP accounts, and that both benefit from CPPIB’s strengths and have a widely diversified portfolio with appropriate distinct risk characteristics for each account,” CPPIB said.The extra CPP contributions arrive on the heels of a rocky year for the markets, so risk may be on the mind of many investors heading into 2019.However, CPPIB’s strategy for investing the extra CPP contributions could involve less risk than the one it uses for the base fund as it has said the additional account will be fully funded from the start.In its 2018 annual report, the CPPIB said it would establish two investment pools on Jan. 1, 2019, one of which (the “lower-risk” Supplementary Pool, which would be in addition to the Core Pool) would only have assets of the additional CPP account invested in it. The Supplementary Pool would also only be made up of fixed-income securities.“The Supplementary Pool is designed in such a way that, when combined in the right proportion with the additional CPP account’s interests in the Core Pool, the resulting overall risk and the underlying exposures are appropriate for the additional CPP,” the report said.As of Sept. 30, 2018, the CPP Fund had assets worth nearly $370 billion. The CPPIB’s annual report added that the fund’s two accounts are each expected to have assets of around $840 billion by 2055.At a June meeting of the House of Commons’ finance committee, Machin said the additional CPP “is more of a fully funded pool of capital versus the base CPP, which grows into its liabilities over the long term.”Therefore, he added, according to a transcript, “we’re going to run a lower risk for the additional CPP and we’ll continue with the base CPP at the current risk levels.”• Email: gzochodne@nationalpost.com | Twitter: Recommended For You’We were experiencing headwinds’ — Canopy Growth stock heads south on poor sales ramp-upShaw Communications is selling its stake in Corus Entertainment for $548 millionB.C. vows to appeal after top court says province can’t restrict oil shipments across its bordersProtests, legal challenges planned to block Trans Mountain expansionFINCAD Now Accepting Applications for its 2019 Women in Finance Scholarship Email What you need to know about passing the family cottage to the next generationcenter_img 0 Comments CPPIB plans safer investing structure for hike in Canada Pension Plan contributions The extra CPP contributions arrive on the heels of a rocky year for the markets so risk is on investors’ minds ← Previous Next → January 2, 20197:00 AM ESTLast UpdatedJanuary 2, 20191:08 PM EST Filed under News FP Street Facebook Geoff Zochodne Join the conversation → Share this storyCPPIB plans safer investing structure for hike in Canada Pension Plan contributions Tumblr Pinterest Google+ LinkedIn Sponsored By: last_img read more