OPTrust CEO Says Ontario Pension Reform Good for Industry

Ontario is easing rules for its pension funds as years of low interest rates, poor equity returns and a looming retiree glut pressure companies. The biggest of a complex series of proposals would reduce the so-called “solvency funding” requirement of certain plans to 85 percent from 100 percent. That means companies would be in compliance if they had enough to pay 85 cents on the dollar if they were wound-up immediately. Hugh O'Reilly, president and CEO, speaks with Lily Jamali on "Bloomberg Markets Canada." (Source: Bloomberg)

Full Show: Surveillance (05/24)
21:10 - Bloomberg Surveillance hosted by Tom Keene, Guy Johnson, and Mark Barton. Guests include Bill Farren-Price, founder and chief executive officer at Petroleum Policy Intelligence, and Jan Stuart, global energy economist at Credit Suisse Securities. (Source: Bloomberg)
  • Draghi Sees No Reason to Deviate From ECB Guidance
  • Fed's Harker Says Three 2017 Rate Hikes 'Appropriate'
  • Full Show: What'd You Miss? (05/23)