This is your daily pension announcement: The Pension War Room™️ brings you some great analysis! #ABLeg #handsoffmypension #travisfail
thetyee.ca/News/2020/06/0…
The naughtiest bit: "Finance Minister Travis Toews last year claimed that AIMCo “regularly achieves spectacular investment performance.” Over the last decade, however, its returns have not been robust compared to other pension funds and returns have lagged as much as 1.5 per cent
The worst part is that teachers and GOA should be on the same side of this issue. Lower costs would benefit both parties.
It is just that this change will not result in lower costs and will also result in lower returns. #ABLeg #lies #whyareyoulying
@jkenney said today that lower returns shouldn't bother us because the benefits are defined by law, and not changing. At least he seems to admit the error of the lower return arguement, Travis still denies that. They should have a meeting. #ABLeg
This is cavalier treatment of taxpayer's money. It makes you wonder how they manage any finances at all. If you want an excellent and more detailed view of what went wrong: #AbLeg
winhallriskanalytics.com/post/aimco-all…
BTW, errors of this magnitude should result in no further assets being placed with an investment manager. #ABLeg
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