Welcome to the Faculty Pension Plan (FPP)

The Faculty Pension Plan (FPP) serves faculty and administrative executives of the University. It became effective July 1, 1967 and provides retirement, termination and death benefits for members. Visit the FPP at a Glance for a overview of the Plan.

Latest News

New Executive Director, Pensions
June 18, 2015

We are pleased to announce that Orla Cousineau is the new Executive Director, Pensions for the UBC Faculty and Staff Pension Plans.  Orla is a highly regarded pension professional with over 25 years of experience in the pension industry. Prior to UBC, Orla had a longstanding and distinguished career with Mercer and was a client relationship manager for a number of Mercer’s largest clients. Her strong pension experience includes leading and providing strategic advice and guidance to several large pension plans, multi-national corporations, boards and pension committees. Having managed Mercer’s Retirement Business and Pension Administration Units in Vancouver, Orla also brings strong operational management experience to the UBC Pension Administration Office.

With the hiring of Orla Cousineau as Executive Director, Pensions and Debbie Wilson as Associate Director, Pensions, the succession plan process for the UBC Pension Administration Office has been completed. Cheryl Neighbour, Executive Director, Operations for the Faculty Pension Plan and Jay Parker, Executive Director for the Staff Pension Plan, will continue working until later in 2015 to assist in the transition.

Faculty Pension Plan Forum Presentation Slides
May 21, 2015

The Faculty Pension Plan held its Pension Forum on May 20, 2015. We thank everyone who attended the Pension Forum, and hope you enjoyed the event and had your questions answered. A presentation was made by the Chair of the Board of Trustees and the Plan's management on the Plan's 2014 investment performance as well as a review of the initiatives for 2014/15. As well, there was a presentation of the new mysunlife.ca/ubcfpp member website from Sun Life Financial. 

View the UBC FPP presentation slides.
View the Sun Life Financial presentation slides.

UBC Faculty Pension Plan Annual Report:
2014 Year in Review

May 12, 2015

The UBC Faculty Pension Plan's annual report, 2014 Year in Review, is online. The report includes plan highlights, membership and financial statistics, fund and investment managers' rates of return, a market commentary, and the 2014 financial statements.

View the FPP 2014 Annual Report








Frequently Asked Questions regarding the relationship with Sun Life Financial
May 6, 2015

The Board of Trustees of the UBC Faculty Pension Plan has recently selected Sun Life Financial to work with the UBC Pension Administration Office to co-administer the Plan. For answers to some of the most common questions about the transition and what it means to members and the Plan, please see The UBC Faculty Pension Plan introduces Sun Life Financial: Frequently Asked Questions brochure.

2015 First Quarter Statements and Information 
May 4, 2015 

Members will start to receive their 2015 first quarter statements in early May. Enclosed with the member statements is an information sheet highlighting details about the upcoming 2015 Pension Forum, including a map and a list of information booths that will be available. As well, there is a notice about the FPP Annual Report: 2014 Year In Review and the new FPP custom sign-in page, mysunlife.ca/ubcfpp.

The following is information that has been updated for the first quarter of 2015:

Fund Performance and Composition
Market Commentary

Supplemental Arrangement Plan - 2014 Annual Report
February 19, 2015

The 2014 Supplemental Arrangement Annual Report as at December 31, 2014 has been posted on the Library page.

2014 Fourth Quarter Statements and Information 
February 13, 2015 

Members will start to receive their 2014 fourth quarter statements in mid-February. Enclosed with the member statements is a Letter from the Trustees announcing the Pension Administration Office's recent partnership with Sun Life to carry out the administrative operations of the FPP. As well, there is an information sheet featuring details about the upcoming 2015 Pension Forum, a notice about the recent hedge fund removal, and our upcoming FPP seminar dates. The following is information that has been updated for the fourth quarter of 2014:

Market Commentary
Fund Performance and Composition
FPP Seminars

Faculty Pension Plan Forum: May 20
February 13, 2015

On Wednesday, May 20, the Faculty Pension Plan will host its Pension Forum – a great opportunity for members to hear the latest news about their pension plan and meet the Plan's trustees, management and staff. There will be a presentation from the FPP management and trustees, as well as a presentation of the mysunlife.ca/ubcfpp member website from Sun Life Financial.

Date: Wednesday, May 20, 2015
Time: 10:30 a.m. to 1:00 p.m. (Doors open at 10:15 a.m.)
Location: Commons Block, Marine Drive Residence, 2205 Lower Mall, Vancouver Campus [map]

Click here to register for the 2015 Pension Forum

New Associate Director, Pensions
February 10, 2015

We are pleased to announce that Debbie Wilson has joined the UBC Pension Administration Office as Associate Director, Pensions.  Ms. Wilson is well known in the Canadian pension and benefits industry and brings a wealth of knowledge and expertise to the both the UBC Faculty and Staff Pension Plans.  Most recently, Ms. Wilson was the Director of Pensions and Benefits for Simon Fraser University and a Director on the UBC Staff Pension Plan Board. Her past work experience also includes 22 years as a consulting actuary at Mercer.

myPension Campus Wide Login (CWL) Screen – New Look
February 8, 2015

myPension recently underwent maintenance in order to convert the myPension Campus Wide Login (CWL) screen to UBC IT’s Central Authentication Service (CAS). As a result of this conversion, the look and web design of the CWL login screen to access myPension has slightly changed.  Your CWL Login name and password remains the same and is not impacted by this update. For more information on the updated CWL Login page, you may wish to visit this UBC IT Services’ webpage.

2015 Financial Planning Lecture Series
January 23, 2015

The UBC Faculty Association has partnered with UBC Continuing Studies to provide a five-part lecture series on financial planning. All members of the Faculty Association are invited to attend these informative sessions.

The UBC Faculty Pension Plan will present on Wednesday, February 11 from 12:10 pm to 12:55 pm at Lecture Hall 1, Woodward IRC (2194 Health Sciences Mall). No advance registration is required.

View the 2015 Financial Lecture Series Flyer for presentation details.

Termination of the Hedge Fund 
December 31, 2014 

The FPP Board of Trustees terminated the current investment in the hedge fund with BlackRock Inc. as of December 31, 2014. This fund was not meeting the performance expectations established for the fund. The existing Policy Mix for this hedge fund was a 3% allocation in the Balanced Fund and a 6% weighting in the Foreign Equity Fund.

It was also agreed by the FPP Board to move this hedge fund weighting allocation in both Funds to be evenly split amongst the two current Global Equity managers (i.e. MFS Investment Management and J.P. Morgan). This will increase the Policy Mix weighting in the Balanced Fund from 10.5% each to 12% each (i.e. 24% total) for these two managers. In the Foreign Equity Fund the increase will be from 36.5% to 39.5% (i.e. 79% total) each for these two managers.

For additional information regarding this investment change, please visit the Fund Updates page.

2014 Third Quarter Statements and Information 
November 5, 2014 

Members will start to receive their 2014 third quarter statements in early November. Enclosed with the member statements is an information sheet announcing the transition to a new recordkeeping platform with Sun Life Financial. As well, there are notices about re-appointments within the FPP Board of Trustees, the Pension Administration Office holiday closure, and a call to find members with whom we have lost contact.

The following is information that has been updated for the third quarter of 2014:

Market Commentary
Fund Performance and Composition

Investment Changes affecting Bond and Balanced Funds
July 21, 2014

As of July 2014, investment changes were approved to the allocation among three of the FPP Balanced and Bond Fund’s current bond managers as well as changes to the investment fees of these funds. Details are available on the Plan’s website at: www.pensions.ubc.ca/faculty/fund_update.html

Investment Mandate Change affecting Bond and Balanced Funds
September 18, 2013

State Street Global Advisors, one of the Plan's investment managers, has changed their investment mandate as of July 2013. Their new bond mandate will now be a "passive" one (i.e. to meet the DEX Bond Universe index return) versus the prior "enhanced index" mandate. For details of this change, please see the Fund Updates page.

Important Notes

The information in this website summarizes the main features of the Faculty Pension Plan. This website does not create or confer any rights to benefits. Pension plans and the legislation that governs them are complex, so not every detail can be contained in a website such as this. In the event of any discrepancy or misunderstanding, benefits will be administered according to the official Plan documents and the applicable legislation.

a place of mind, The University of British Columbia


UBC Pension Administration Office
201 - 2389 Health Sciences Mall, Vancouver, BC Canada V6T 1Z3
Tel 604.822.8100
Fax 604.822.9471

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