Top Ranking for Canada in Global Pension Transparency Benchmark
CEM Benchmarking and Top1000funds.com developed a global benchmark to highlight industry best practice.
Photo credit: Matt Thomason
The Global Pension Transparency Benchmark (GPTB) provides information on the quality of public disclosures of pension funds in 15 countries. The annual analysis ranks 15 countries for the five largest pension fund organisations within each country.
The GPTB focuses on the transparency and quality of public disclosures with quality relating to the completeness, clarity, information value and comparability of disclosures.
The overall country and fund scores look at four factors: governance and organisation; performance; costs; and responsible investing, which are measured by assessing hundreds of underlying components.
"Canada ranked 1st globally with an average total score of 91. For the fourth year running Canadian funds finished first among the countries reviewed, with all five Canadian funds finishing within the top 11 funds globally. The Australians deserve an honourable mention, too. In the first edition, they ranked fourth among countries reviewed and in this edition, they ranked second. The Dutch funds continue to provide the best public disclosures on costs. Finally, it would be remiss not to acknowledge the Nordic funds, which continue to improve transparency scores on the back of great responsible investing reporting."
CEM included 15 countries in the benchmark: Australia, Brazi, Canada, Chile, Denmark, Finland, Japan, Mexico, Netherlands, Norway, South Africa, Sweden, Switzerland, United Kingdom, United States.
75 funds were reviewed, 156 questions were asked and 11,700 data points were analysed.
Canada 1st in Responsible Investment
With an average score of 94 in the category Responsible Investment Canada ranked on top. The Netherlands claimed the second position with an average score of 92, ahead of Sweden with a score of 89.
Refer to details on The Global Pension Transparency Benchmark here.