A well-researched piece of journalism on the history of our Canada Pension Plan and how it is currently being managed.

TL; DW: For a while, we had a passively managed CPP fund. Then we switched to an actively managed fund which currently costs us over a billion dollars to manage each year. The rational for this switch is that an actively managed fund can outperform a passively managed fund. Has it? (No, it has not)

  • Dtules@lemmy.caOPEnglish
    7·
    3 days ago

    I think the solution is having these agencies be accountable to the accountability metrics that they set up.

    Normalizing mismanagement seems short-sighted to me and ultimately only supports the argument that government is “useless” or “broken”.

    That extra billion going towards healthcare or education or even back into the pension fund could do a world of good.