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Ontario Teachers' owns and manages a diversified portfolio of Canadian and international assets. Fiscal 2021. To put this in perspective, CalPERS spent only $69 million on investment salaries in 2017, about 20 per cent what OTPP paid. SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. A Q&A with Ziad Hindo, CIO. 2018 Annual Report. Each year, we report to our members, pensioners and other stakeholders on the progress we've made and our strategies for keeping the PSPP strong for the future. (Note: the 2017 OTPP annual report will come out in April). Annual Reports OTP Bank's Annual Reports shall be available for downloading as Adobe Acrobat files. 8.4% infra return for OTPP. But the model’s success can also be expressed in another measure of value. Here to lead. See our annual reports, responsible investing reports and other publications. 2018 Annual Report. The deferred amount will increase, or decrease, by the actual rates of return of the plan. On page 2, OTPP's Chair, Jean Turmel, notes the following in his report: In 2017, the board implemented changes to the risk governance structure and investment strategy. 2014 Invested In People View Online. Benefit security. 2015 For Alberta View Online. Asset owners from 23 countries are reacting differently to inflation expectations, with almost half already hedging their portfolios but 20 per cent consider inflation is unlikely. OTPP celebrates Pride Week, Global Day of Inclusion, and other events. It acquired a share of the Irish National Lottery in 2014. Ontario Teachers' owns a substantial portfolio of infrastructure assets, including 100% of Bristol Airport and minority stakes in Birmingham Airport, Copenhagen Airport, Brussels Airport and London City Airport, as well as international water and power utilities. Ontario Teachers' provides its annual update on investments, funding and plan operations every spring for the previous year ended December 31, and its mid-year update every summer for the six-month period ending June 30. See our annual reports, responsible investing reports and other publications. To be fair, CalPERS has been on a cost-cutting exercise for some years now, and in the last four years has reduced its external manager fees from more than $1.34 billion in 2014. As such, we regularly disclose our financial results through annual and quarterly reports. The cost of living is 0% higher in New York (Manhattan), NY, Income needed to maintain your current standard of living. Ready to learn. On the January 12, 2004 episode of Rick Mercer Report, comedian Rick Mercer had a short segment about the Ontario Teachers' Pension Plan, in which he humorously contrasted the plan's beneficiaries (i.e. At Ontario Teachers’, we never stop learning. Fiscal 2020. During this Annual Meeting, Governors will hear from Steve McGirr (OTPP Chair) and Jo Taylor (President & CEO) on how the Plan is faring so far during the pandemic. Top1000funds.com. Ontario Teachers’ net assets at $207.4 billion at year-end 2019. White is responsible for the content across all Conexus Financial’s institutional media and events. This has produced stellar investment returns, reduced costs and sustained good performance. 2019 Annual Report. 2017 Annual Report. Our priority is to invest for a better future for Ontario’s teachers. The fund argues that its people are its edge and that only through hiring and remunerating good investment professionals has it been able to implement the ideology that has made it so successful – innovation, low cost and good, consistent returns. BCI’s 2019 ESG Annual Report provides an in-depth look at our approach to environmental, social, and governance (ESG) matters, our activities, and our progress. As a result, pension payments increased by 1.87%, effective April 1. It has an excellent track record for investment performance, with an average annual return of 9.7% since inception. Learn more about how we’re working to provide you with financial and retirement planning tools so you can make informed decisions about your retirement. Annual Reports 2018 Your Future is Our Everyday View Online. Annual reports Explore our Year in Review microsite to read about OPB’s key accomplishments and how we’ve served you, our valued members, in 2019 and download the 2019 Annual Report. In 2017, it acquired Mémora Servicios Funerarias, a Spanish funeral provider, from 3i.[9]. . Ontario Teachers' posts a list of major investments annually on its website. 2019 Annual Report. Each employee’s incentive pay is designed around the risk budget and the board approves the active risk allocations, which in turn establish expected annual dollar value-added performance goals each year. This annual report is very well written, one of the best I've read in years. English reports. Paying good people good money is, and should be, a key part of an organisation that has 80 per cent of its assets managed in-house. Dreier was attempting to close a sale of forged Ontario Teachers' promissory notes, worth $44.7 million USD, by meeting with the buyers right in the Ontario Teachers' offices. Plan Performance and 2019 Annual Report. In 2016, the average starting pension for an OTPP member was C$45,000, this is a significant improvement from when the fund started, in 1990, when the average starting pension for a teacher in Ontario was C$29,000. CalPERS’ total costs are much higher than OTPP’s, CalPERS is only 68.3 per cent funded, and its 10-year return is an annualised 4.4 per cent versus 7.3 per cent for OTPP. Its investment strategy is built on innovation and a bedrock of strict risk management, with a large allocation to private assets managed directly (65 per cent of the portfolio is in natural resources, real estate, infrastructure and private capital). Past Annual Reports downloads - 2019 annual report, 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Annual reports Explore our Year in Review microsite to read about OPB’s key accomplishments and how we’ve served you, our valued members, in 2019 and download the 2019 Annual Report. Consistent with the fact the vast majority of assets are managed in-house, salaries dominate investment expenses. OTPP celebrates Pride Week, Global Day of Inclusion, and other events. Of CEO Mock’s total compensation of C$4,087,974 in 2016, for example, the largest component was the long-term incentive payment of C$2,208,000. 2018 ANNUAL REPORT Our retired members received 100% inflation protection in 2018. 2016 Annual Report — PDF/Adobe Acrobat (3 MB) Financial Statements — PDF/Adobe Acrobat (796 KB) Report to Members — PDF/Adobe Acrobat (229 KB) 2015. Ontario Teachers' is one of Canada's largest institutional investors having reported $207.4 billion in net assets on December 31, 2019. OTPP key data Assets: C$201bn (€137bn) 80% managed in house 104% funded as of January 2019 Jo Taylor to succeed Ron Mock as CEO from January 2020 Five-year annual return of 8% to end-2018 Annual total fund net return since 1990 of 9.7% 2.5% return in 2018 (6.3% 1H 2019) CalPERS has only 20 per cent of its portfolio in private equity and real assets, compared with OTPP’s 65 per cent. [13] On December 4, 2008, Dreier was indicted by the United States Justice Department for successfully executing a similar corporate officer 'impersonation' routine, including bluffing his way into using the momentarily vacant CEO's office of one 'selling' firm for a meeting with the buyer, to sell forged financial instruments on at least two occasions in New York. Ontario Teachers' also owns Camelot Group PLC, which holds an exclusive licence to operate the U.K. National Lottery. 119%. Please don’t hesitate to contact us if you would like to discuss our fundraising practices in more detail: info@ontarioturtle.ca or 705-741-5000. Read our comprehensive overview of HOOPP's 2017 Annual Results. $94.1. One day an employee will complain about the new boss having the upper hand in salary negotiations because the old boss handed over their salary details. Ontario Teachers' was established on Jan. 1, 1990. Net assets. Uncategorized / 2018 Annual Report. SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. Through its fully owned real estate subsidiary, Cadillac Fairview, Ontario Teachers' owns properties that include the Toronto-Dominion Centre, Toronto Eaton Centre, and the Rideau Centre in Ottawa. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario)[5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Please read our Terms and Conditions, Privacy Policy and Terms of use. Those questions need to be submitted by Wednesday April 6 at 5 pm. The fund’s LTIP is designed to reward employees for delivering total fund net value-added and positive actual returns, net of costs over the long term. Here we launch our campaigns, and encourage you to be a part of them. [6] Until then, Ontario teachers' pensions had been sponsored solely by the Ontario government. Focusing on investment strategy and implementation, it is populated by original news stories, case studies and research that relate directly to the work of investment professionals at pension funds, endowments and sovereign wealth funds. Themes for Annual Report for Nonprofits. [12], On December 2, 2008, New York lawyer Marc Stuart Dreier was arrested at Ontario Teachers' Toronto offices and charged with impersonating, through his words and by the use of business cards, Michael Padfield, a senior lawyer with the pension plan. Download the PDF > FUNDED STATUS. 2018 Year in Review. The 2018 Year in Review provides highlights from HOOPP's operations and financial results. So it explicitly makes its salaries competitive with those organisations. In the same year, CIO Bjarne Graven Larsen received C$3,153,728 and CEO Ron Mock earned total compensation of C$4,087,974, making him the highest-paid executive in pension management globally (at least based on what can be gleaned from publicly available information). I also had a brief discussion with OTPP's CEO Ron Mock earlier this … If you do not have Adobe Acrobat Reader, download it here for free from Adobe. These include independence, strong governance, direct investing with world-class teams and the ability to attract and retain talent. The Plan is currently more than fully funded, meaning it has more assets than it owes in current and future pension benefits. HOOPP, with a record $51.6 billion in net assets, ended 2013 … We pivoted to a digital event offering, introduced podcast series and created a COVID-19 research hub. OTPP has the advantage of being a relatively new organisation, at least compared with some pension funds globally, such as the largest fund in the US, California Public Employees’ Retirement System (CalPERS), which is more than 85 years old. There’s no question the staff at OTPP are paid handsomely, but the incentive structure that has them rewarded through, and invested in, the total fund is a sophisticated alignment of interests. In total, that’s C$323.2 million ($247.5 million) in salaries, benefits and incentives. You can read the financial statements here. OTPP AGM 2020 - Episode 1 (PDF) OTPP AGM 2020 - Episode 2 (PDF) OTPP AGM 2020 - Episode 3 (PDF) OTPP AGM 2020 - Q & A (PDF) Useful Links. The 2018 Year in Review provides highlights from HOOPP's operations and financial results. Access portfolio reporting and more from PSP Investments. 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