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FIERA CAPITAL'S CIA METHOD ACCOUNTING DISCOUNT RATE CURVE

The Partnership

The Canadian Institute of Actuaries (CIA) retained the services of Fiera Capital Investment Management Inc. to produce, on a monthly basis, Fiera Capital's CIA Method Accounting Discount Rate Curve that can be used by sponsors to select the appropriate accounting discount rate to value pension and other post-employment benefit plan liabilities.

Our Approach

Fiera Capital's calculation guidelines for preparing the Fiera Capital's CIA Method Accounting Discount Rate Curve can be found in the Methodology section and was derived from the Canadian Institute of Actuaries' official document “Educational Note, Accounting Discount Rate Assumption for Pension and Post-Employment Benefit Plans”. This document can be found at: http://www.actuaries.ca/members/publications/2011/211088e.pdf .

Our Commitment to offer Specialized Investment Solutions

The current environment, namely the rapidly aging and longer-living population, the tightened accounting regulations and the increasing market volatility, poses real challenges for Pension Funds to meet their expectations.

Fiera Capital understands this dynamic and is dedicated to help institutions find the best investment solution to mitigate those risks and achieve required returns. To learn more on our customized Liability Driven Investment tools, please refer to the LDI  page.

Here are the planned publication dates of Fiera Capital’s CIA Method Accounting Discount Rate Curve for 2017:

Market Data Date Publication Date
January 31, 2017 February 3, 2017
February 28, 2017 March 3, 2017
March 31, 2017 April 5, 2017
April 28, 2017 May 3, 2017
May 31, 2017 June 5, 2017
June 30, 2017 July 6, 2017
July 31, 2017 August 3, 2017
August 31, 2017 September 6, 2017
September 29, 2017 October 4, 2017
October 31, 2017 November 3, 2017
November 30, 2017 December 5, 2017
December 15, 2017 December 20, 2017
December 29, 2017 January 4, 2018

Contact for More Information

For questions relating to the development of the CIA/Fiera Capital Accounting Discount Curve or about our Investment Management solutions, please do not hesitate to contact our customer service at the following email address: info@fieracapital.com

Legal Note

This document is provided for your private use and for information purposes only as of the date indicated herein and is subject to change without notice. It has been prepared and is based on information believed to be reliable. However, Fiera Capital makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained therein or accepts any liability whatsoever for any loss arising from any use of or reliance on this document whether relied upon by the recipient or user or any other third party (including, without limitation, any customer of the recipient or user).

The information, opinions, estimates, projections and other materials contained herein are not to be construed as an offer to sell, a solicitation for or an offer to buy, any products or services referenced herein (including, without limitation, any commodities, securities or other financial instruments), nor shall such information, opinions, estimates, projections and other materials be considered as investment advice or as a recommendation to enter into any transaction. No part of this document or any related material and information may be reproduced in any manner without the prior written permission of Fiera Capital.

Source: BofA Merrill Lynch, used with permission. The Bank of America Merrill Lynch Canada Broad Bond Market Index is compiled using bond valuations provided by Statpro.

BofA Merrill Lynch is licensing the BofA Merrill Lynch indices "as is," makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the BofA Merrill Lynch indices or any data included in, related to, or derived therefrom, assumes no liability in connection with their use, and does not sponsor, endorse, or recommend Fiera Capital, or any of its products or services.