Pensions need rules to require more disclosure on investments
Pension funds in Canada lack robust regulatory disclosure requirements compared to public investment funds. The absence of key performance figures in reports raises concerns about transparency and accountability. Other jurisdictions, like California, are pushing for enhanced disclosure to protect pensioners from potential conflicts of interest in private equity investments.
- ▪The Canada Pension Plan Investment Board's recent report omits the since-inception annualized value, which reflects its performance since 2007.
- ▪California has implemented and is proposing further enhancements to disclosure requirements for public pensions, focusing on private equity investments.
- ▪Critics argue that the opacity of private equity is essential for its success, while others dispute the reported performance metrics.
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Open this photo in gallery:Public Canadian investment funds have robust regulatory disclosure requirements, but not our pension funds, Rachel Wasserman.Prasong Maulae/iStockPhoto / Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountRachel Wasserman is the founder of Wasserman Business Law and a fellow at the Canadian Anti-Monopoly Project and Social Capital. When the average pensioner receives the 2026 Canada Pension Plan Investment Board’s glossy annual report, released Thursday, many won’t look closely enough to realize that it mysteriously no longer discloses a key figure: since-inception annualized value.This figure shows how much the fund outperformed the market after costs since its inception in 2007, representing how well the pension has…
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