BCI’s investment activities and operational planning are driven by a singular commitment to generating the results our clients require to deliver the funds, services, and benefits promised to their beneficiaries and stakeholders. Our business plan – prepared in accordance with the Public Sector Pension Plans Act and submitted to the Minister of Finance – is designed to guide the corporation’s strategic direction to allow BCI to fulfill that commitment, while always acting in our clients’ best long-term financial interests.
Our F2021-2023 Goals
BCI’s business plan is intended to optimize our ability to generate long-term client wealth and we aim to:
- Generate absolute returns that meet or exceed our clients’ investment return targets over a rolling 10-year period
- Provide value-added performance above client benchmarks over a five-year period
- Provide cost-effective investment management services
Our Strategic Direction
Strategy 1 – Expanding & Diversifying Investment Strategies
Objective: Manage the probability of achieving our clients’ actuarial rates of return.
Strategy 2 – Strengthening the Base
Objective: Continue to build our team of highly talented investment and business professionals, supported by technology processes aligned with our industry standards. Proactively communicate with clients and BCI’s other stakeholders to ensure ongoing legitimacy of our initiatives and foster trust in our brand – even during periods of low returns.
Strategy 3 – Internalizing Asset Management
Objective: Transition away from external active management and fund investing to more cost-effective investment styles that include internal active management.
The Public Sector Pension Plans Act requires the Board of Directors to prepare and submit a business plan to the Minister of Finance on an annual basis. The plan is prepared with the input of the Board, BCI’s management, and clients.
Corporate Annual Report
Our most recent Corporate Annual Report provides our investment highlights for 2019-20. The Public Sector Pension Plans Act requires the Board of Directors to prepare and submit a corporate annual report and financial statements to the Minister of Finance.