Investing to deliver on our pension promise
Investing to deliver on our pension promise
117%
Funded status
|
14 years
Fully funded since 2009
|
$103.7 billion
Net asset value
|
We are one of the leading pension plans in Canada with a diversified, global portfolio and a consistently strong funded status. We are well-positioned to deliver on our pension promise to healthcare workers, even through challenging markets, for years to come. Learn
about our Plan’s performance.
Working as one to maximize returns
We take a total portfolio approach that guides the asset allocation of the Fund’s overall investment portfolio to ensure HOOPP can deliver on our pension promise over the long term. Practically speaking, this means that we allocate capital and risk between a variety of asset classes and investment strategies as market conditions evolve.
Our investment teams across different asset classes work together to find the best opportunities. Our collaborative and open culture enables nimble cross-asset-class decision making. We place the most importance on our funded status, rather than the return of individual asset classes.
We manage a global, multi-asset class portfolio. Our strategy aims to diversify investments across asset classes, geography, time horizons and economic outcomes, to mitigate risk, enhance returns and ensure we can continue to deliver on our pension promise for decades to come.
At HOOPP, safeguarding our members’ pensions and retirement security means embedding sustainable investing into all our strategies and processes. Learn about what we’re doing to help protect our planet, including our work to support the transition to a net-zero economy by 2050.
Liability driven investing
HOOPP takes a Liability Driven Investing (LDI) approach that considers the Plan’s assets in relation to how much the Plan owes in pensions. This approach focuses on making sure that the growth of our investment portfolio meets or exceeds the growth in our pension obligations to members. This differs from more traditional investment approaches that primarily focus on growing assets.
LDI is designed for situations where future liabilities can be predicted with some degree of accuracy. We know how much we owe (liabilities) both now and in the future and what we have today (assets). Our job is to make sure we are able to pay our members’ pensions for years to come.
Our investment approach drives us to be:
Innovative investors
A key to our investment success is that we're innovative and enterprising. We're comfortable doing things differently from other large investors when we know it's the right thing to deliver long-term value to our members.
Mission-driven
We’re a high-performing investment team, committed to delivering retirement security to our members. We encourage diversity of thought and collaboration across asset classes because the focus is always on total fund return.
Valued partners
We are a collaborative and supportive investment partner. We bring expertise and strategic, creative thinking to the table, and work with companies we invest in to help them achieve their goals and deliver value to our members. We invest with a longer-term vision, which differentiates us from many other institutional investors.
This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.
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