The Portfolio Management Association of Canada (“PMAC”) is pleased to submit comments on recommended priorities for the 2016 Federal Budget.
PMAC’s Members invest the assets of individual Canadians who are saving for retirement and the assets of both traditional defined benefit pension plans and defined contribution pension plans. Many of Canada’s largest pension plans, including CPPIB, and small employer pension plans hire our Members to manage all or portions of their investment portfolios. In addition, individual Canadians who seek professional management of their savings, become clients of our Members who set up custom portfolios for individuals based on their retirement goals, risk profile and financial objectives. Our Members are from across Canada and manage retirement savings for Canadians in every province and territory.
We express our support for all of the themes identified for the 2016 Federal pre-budget consultations. In addition, we encourage the Federal government to continue its important work and progress on the Cooperative Capital Markets Regulator. The focus of our recommendations will be on improving Canada’s retirement savings and taxation regimes.