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Canadian defined benefit pension plans show increased funded levels in Q3: Aon

2026-10-01 11:00 ET - News Release

Canadian defined benefit pension plans show increased funded levels in Q3: Aon

Canada NewsWire

TORONTO, Oct. 1, 2026 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the Aon Pension Risk Tracker found the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index increased to 123.3% compared to 117.6% at the end of last quarter.

The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX Composite Index with defined benefit plans and has been tracking this data since 2013.

Key findings for the quarter ending September 30, 2026 include:

  • Pension assets lost 1.5% over the third quarter of 2026.
  • The long-term Government of Canada bond yield increased 57 basis points (bps) relative to the previous quarter rate and credit spreads increased by 1 bps. This combination resulted in an increase in discount rate of 58 basis points, to 5.22%.

"Despite modest weakness in equity markets, Canadian pension plans saw funded positions improve during the quarter as higher discount rates reduced the value of pension liabilities", said Nathan LaPierre, Partner, Wealth Solutions, Canada, Aon. "In an environment that continues to be characterized by uncertainty and market volatility, strong funded positions provide sponsors with flexibility to manage pension risk proactively."

ENDS

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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Media Contact
Alexandre Daudelin
+1 514 967-9330

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

 

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

SOURCE Aon plc

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