2017 Annual Meeting
April 18, 2017
How did investments do in 2016? How are we keeping your plan strong? How are we adapting your service? Get the answers, and more, in the 2016 Report to Members.
Download a copy of our Responsible Investing Report.
Approximately 600 members heard leaders at the pension plan talk about our 2016 investment performance, how responsible investing is helping to manage risks to the plan, and how we’re using new digital platforms to advance the service we offer you.
Ron Mock, Chief Executive Officer, noted that 2016 was a year of market volatility, low rates, low growth and a Canadian dollar that strengthened against the US dollar, British pound and Euro. But, most important, he continued, the plan remains fully funded for the fourth consecutive year.
“This is the kind of volatility that we now work within daily and globally, it is our new normal. As the environment around us evolves, new demands are being placed on us,” Ron told the crowd. “We must continually adapt to move forward.”
Last year, we re-structured our investment teams to create more cohesion, with an emphasis on collaboration and global partnerships, said Bjarne Graven Larsen, Chief Investment Officer. This, combined with our diversified portfolio will help to generate solid returns in a variety of different market conditions.
“I am very confident that we have the right assets and strategy we need to pay pensions over the long-term,” said Bjarne.
Responsible investing is a key part of the strategy to pay pensions over the long-term, Barbara Zvan, Chief Risk and Strategy Officer, told the audience.
“When we invest, we consider a broad range of environmental, social and governance, or ESG, factors when evaluating the potential to generate returns,” said Barbara. “We believe that companies that are good at managing ESG factors are good investments.” While we’re demanding an increased level of transparency from our portfolio companies, we’re trying to lead by example with the release of our inaugural Responsible Investing Report, continued Barbara. The report delves into how we approach ESG risks, with an emphasis on cybersecurity, board governance and climate change.
Tracy Abel, Chief Pension Officer, told the crowd that technology advances have allowed us to explore new methods of service in a very effective and cost-efficient way. “Last year we introduced myOTPP 101 via Facebook Live. It’s an online curriculum that lets members learn more about their pension plan whenever and wherever they want,” Tracy said. Visit www.pinterest.com/myOTPP to check it out.
Watch our Facebook Live interviews from the evening, including one with Tracy in which she explains three key initiatives that helped us achieve a 9.1/10 service rating and how we plan to maintain that high grade.
The complete AGM is also available to watch via webcast.