{"id":18113,"date":"2020-04-17T09:01:07","date_gmt":"2020-04-17T13:01:07","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/provincial-judges-pension-plan-joins-imco-145141"},"modified":"2020-04-17T09:01:07","modified_gmt":"2020-04-17T13:01:07","slug":"provincial-judges-pension-plan-joins-imco","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/17\/provincial-judges-pension-plan-joins-imco\/","title":{"rendered":"Provincial Judges\u2019 Pension Plan joins IMCO"},"content":{"rendered":"
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Staff<\/span> | April 17, 2020 <\/p>\n

The Investment Management Corp. of Ontario is taking on the Provincial Judges\u2019 Pension Plan as its latest client.<\/p>\n

The pension plan is joining with $420 million in assets under management. With the Treasury Board of Canada Secretariat as its plan sponsor, the plan pays out about $44.3 million in annual pension payments to nearly 300 beneficiaries.<\/p>\n

\u201cI am pleased to welcome the Provincial Judges\u2019 Pension Plan as our new client,\u201d said Bert Clark, president and chief executive officer at the IMCO, in a press release. \u201cAs the only investment management organization purpose-built to serve Ontario\u2019s broader public sector, we are closely aligned with our clients\u2019 interests.<\/p>\n

Read: Building blocks of the Investment Management Corp. of Ontario<\/a><\/strong><\/p>\n

\u201cOur professional investors, sophisticated risk management systems and cost-recovery model enables clients to meet their long-term financial obligations in an increasingly challenging investment climate.\u201d<\/p>\n

In 2017<\/a>, the IMCO began managing about $60 billion in assets on behalf of the Ontario Pension Board and the Workplace Safety and Insurance Board. And, with a mandate to provide investment management services to broader public sector institutions, it now manages $70.3 billion of assets on behalf of its clients.<\/p>\n

In Ontario\u2019s broader public sector, 90 potential funds, representing nearly $100 billion in assets under management, are eligible to join the IMCO, the press release said.<\/p>\n

Read: New Ontario investment body hits another milestone<\/a><\/strong><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff | April 17, 2020 The Investment Management Corp. of Ontario is taking on the Provincial Judges\u2019 Pension Plan as its latest client. The pension plan is joining with $420 million in assets under management. With...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18113"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18113"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18113\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}