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

Supplemental Arrangement Plan - 2014 Annual Report
February 19, 2014

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 learn more 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 FPP 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


2014 Second Quarter Statements and Information 
August 6, 2014 

Members will start to receive their 2014 second quarter statements in early August. The following is information that has been updated for the second quarter of 2014:

Fund Performance and Composition
Market Commentary
Investment Changes affecting Bond and Balanced Funds


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


Faculty Pension Plan Forum Presentation Slides
June 12, 2014

The Faculty Pension Plan held its Pension Forum on May 21, 2014. 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 2013 investment performance as well as a review of the initiatives for 2013/14.
View the Pension Forum presentation slides.


Faculty Pension Plan Annual Report:
2013 Year in Review

May 13, 2014

The Faculty Pension Plan's annual report, 2013 Year in Review, is online. This year's report includes plan highlights, membership and financial statistics, fund and investment managers' rates of return, a market commentary, and the 2013 financial statements.

View the FPP 2013 Annual Report

 

 

 

 

 

 


 


Supplemental Arrangement Plan - 2013 Annual Report
February 24, 2014

The 2013 Supplemental Arrangement Annual Report as at December 31, 2013 has been posted on the Library page.


Faculty Pension Plan Trustees Election – Results
November 15, 2013

We are pleased to announce that the official results of the Faculty Pension Plan (FPP) Trustees Election have been released today.  We would like to congratulate Dr. Joy Begley and Dr. Kai Li, who have been re-elected as members of the FPP Board of Trustees. Their terms of office are from January 1, 2014 to December 31, 2017. Thank you to all the candidates and members who participated in this election.


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.

myPension@UBC CWL Login First time? Click Here
Click to register for the Pension Forum

QuickFind

GIC Current Rates

GIC Term
Net Interest
Rate (%)
1-Year 1.55
2-Year 1.70
3-Year 1.75
4-Year 1.90
5-Year 2.15

Monthly Unit Prices
as at January 31, 2015

Investment Fund
Price
($)
Change (%)
Balanced 219.6924 +4.31
Bond 185.8023 +5.13
Canadian Equity 243.4127 -0.56
Foreign Equity 227.5493 +7.59
Short Term Investment 123.2953 +0.21

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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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