Aggressive Pension Return Assumptions: The Wall Street Journal’s Jason Zweig points out that many private pension plans have unrealistic expectations of double digit returns from stocks. On the other hand, Berkshire Hathaway, whose pension plan is overseen by Warren Buffett, expects stock returns to range between 8% and 9%. Pricey Dividend Payers: This column in [...]
Prime Minister Stephen Harper’s speech in Davos last week set off a mini firestorm when he briefly touched upon the need to make social programs sustainable as the population ages rapidly: We have already taken steps to limit the growth of our health care spending over that period. We must do the same for our [...]