Originally Posted by
zechs
As most people who tend to see things from a certain viewpoint, you seem to not recognize that the money that funds these accounts comes from people.
And the math is pretty clear, Albertans pay an extraordinary sum per year into a system that they don't get back (CPP). Even with the supposedly poor management at AimCo (which you have no proof of, as different strategies in investments react differently at different times in the market), Alberta would still be ahead from lower overall fund costs to Albertans, to being able to setup a more sustainable system. Less old people = lower costs, but math is hard I suppose.
You don't like it because it would lessen Canada's grip and control over Alberta.
Should AimCo be beyond gov interference? Yes. Should an APP be so? Yes.
Is CPP beyond gov interference? No. Did they make a bet that currently panned out for themselves? Yes. As someone who claims to care about the data, have you recognized there is insufficient data/time to compare AimCo to CPP? No, you sure haven't.
Like with global warming boosters, its handy to look at a small timeline and make a comparison that is wholly invalid. Come back in ten years when AimCo has been running a universal public pension for that long.
Why do this? Because considering the goals of what are essentially company pension plans (what AimCo manages), are different than those of countrywide plans, from timelines, to risk, to growth.
Its not even an apples to apples comparison, beyond them having the word "pension" in the name. And the fact remains, the losses occured when the market dropped a staggering 30%. Seems they did their job by not losing that much.