Clients First

We put clients at the forefront of all decisions, understanding that when our clients are successful, we’re successful. This is one of our core corporate values at BCI. Our clients include public sector pension plans, insurance funds and other government entities within the province of British Columbia.

BCI’s investment returns finance pensions paid to retirees, provide stability for the insurance premiums charged to employers and auto owners/drivers, and support many provincial government programs, including those that focus on arts and culture, sports development, skills training and skills development, and sustainable economic development.

2023-2024 Snapshot

public sector pension plans make up 78.0 per cent or $178.9 billion of AUM, benefitting over 740,000 pension plan beneficiaries.

insurance funds make up 19.4 per cent or $44.4 billion of AUM, supporting millions of British Columbians.

special purpose funds make up 2.7 per cent or $6.1 billion of AUM, financing government programs in arts, sports, skills training, economic development, to name a few.

Hear From Our Clients

A Diverse Client Base

Our clients are unique and have different investment needs — from managing pension funds, to growing capital reserves for insurance funds, to generating income for special purpose funds. With varying risk appetite and investment beliefs, our clients’ have portfolios ranging from $10 million to approximately $80 billion managed by BCI.

We focus on understanding each client’s individual requirements, determining suitable investment strategies, and executing them effectively to ensure their goals are met.

Pension Funds

As our largest client group, pension funds account for 78.0 per cent (or $178.9 billion) of net assets under management.

Our objective is to create value – aiming to meet or exceed clients’ return targets without taking on unnecessary risk. Returns are important — for every $100 a pension plan member receives in retirement benefits, on average, $75 is provided by BCI’s investment activities.

BC Hydro and Power Authority Pension Plan

British Columbia Railway Company

College Pension Plan

Insurance Corporation of British Columbia

Municipal Pension Plan

Public Service Pension Plan

Teachers’ Pension Plan

University of British Columbia Staff Pension Plan

University of Victoria
Combination Pension Plan

University of Victoria
Money Purchase Pension Plan

University of Victoria
Staff Pension Plan

WorkSafeBC Pension Plan

Insurance Funds

Insurance funds account for 19.4 per cent (or $44.4 billion) of net assets under management. Our purpose is to help ensure the long-term financial sustainability of these funds while generating additional income by exceeding benchmark returns. BCI’s ability to deliver required investment returns helps these clients provide stability in the insurance premiums charged to employers and auto owners/drivers.

Credit Union Deposit Insurance Corporation of British Columbia

Insurance Corporation of British Columbia

WorkSafeBC Accident Fund

Special Purpose Funds

Special purpose funds include public trusts, endowments, and government bodies that have funds and investments requiring professional management services to generate returns that will help meet their program objectives. They represent 2.7 per cent (or $6.1 billion) of net assets under management.

2010 Games Operating Trust

94 Forward Society

BC Assessment Authority

BC Hydro and Power Authority

BC Pension Corporation

BC Transportation Financing Authority

British Columbia Railway Company

Columbia Basin Trust

Healthcare Investment Unit Trust

Innovate BC

Municipal Retiree Benefit Trust

Province of British Columbia

Public Education Benefits Trust

NOTE: THREE CLIENTS HAVE CHOSEN NOT TO BE DISCLOSED.

Client Education Initiatives

Leveraging BCI’s thought leadership for insightful discussions, our team partners with trustees and client representatives to deepen investment knowledge and provide enriched client experiences. We offer knowledge-building opportunities, including orientation sessions, webcasts, investment insight visits to BCI’s portfolio companies, multi-day investment literacy sessions, and an annual Investor Day.

Investment Management Services

We invest in line with our clients’ investment frameworks and policies, as well as applicable legislation and regulations. BCI is accountable to clients for fund performance, net of all operating costs. Our clients are not mandated to use BCI and have voluntarily chosen us as their investment manager.

Board of Directors

Our Board is committed to high governance standards in the oversight of our operations and accountability to clients. The Board consists of seven directors and is independent of management.

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Investment Beliefs

Our investment beliefs provide a clear and transparent structure for how we work to achieve our clients' investment goals.

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Performance

We work to achieve our clients’ risk-adjusted return requirements and are committed to creating sustainable value for our clients in a changing world.

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