This is your daily pension announcement: The Pension War Room would like to thank the entire pension army as we get ready to welcome the new year! πππππ
Of course, I am still marinating in a loathsome broth, stuck on poor public policy and accountability. #ABLeg
Of course, I am still marinating in a loathsome broth, stuck on poor public policy and accountability. #ABLeg
On that note, I will again take a dip in the stinking, fetid cesspool of Alberta's public finance in the hopes of educating and inspiring. #ABLeg #travisfail
To quote a pension manager:
"In operation however, AIMCo has issues with alignment and dis-economies of scale... "
To quote a pension manager:
"In operation however, AIMCo has issues with alignment and dis-economies of scale... "
"As AIMCo has non-pension fund clients, its strategy is aligned more closely with an investment fund (focusing on returns) as opposed to a pension fund manager (focusing on the liabilities)."
VOLTS is one example of a strategy that is not appropriate for pensions. #ABLeg #fail
VOLTS is one example of a strategy that is not appropriate for pensions. #ABLeg #fail
Just a reminder that Travis in budget 2019 claimed cost of living in AB was low based on MacKinnon's measure of taxes and utilities.
Idiotic.
Cost of living in any real sense needs to be based upon costs of food, shelter and transportation. You can't eat utilities. #ABLeg
Idiotic.
Cost of living in any real sense needs to be based upon costs of food, shelter and transportation. You can't eat utilities. #ABLeg
Mind you, in the same document Travis treats us with the mother of all conflicting statements.
"AIMCo is expected to provide maximum returns to its clients, and processes will be expanded to support broader agency involvement ."
"AIMCo is expected to provide maximum returns to its clients, and processes will be expanded to support broader agency involvement ."
I take that statement as meaning that Travis knew that problems at AIMCO existed and he was aware that pension clients were dissatisfied and had been complaining about alignment of interests. #ABLeg
He was just unable to get off his ass to do anything about it.
I would also remind you that AIMCo has met the four-year rolling active-management target four times in the last ten years for SFPP. This is evidence for subpar investment performance. #ABLeg #aimcofail
I would also remind you that AIMCo has met the four-year rolling active-management target four times in the last ten years for SFPP. This is evidence for subpar investment performance. #ABLeg #aimcofail
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