"These factors define the success of the Canadian model of pension management." True. But he needs to acknowledge that ATRF had for generations contributed to the success of the Canadian pension model. #ABLeg #AMCOfail
This is your daily pension announcement. The Travis goes balls to the wall edition! It has been a busy week in pensions, so I will again dive into the dung heap with an open mouth. First up Mark (AIMCO Chair) makes a statement...#ABLeg #handsoffmypension
"These factors define the success of the Canadian model of pension management." True. But he needs to acknowledge that ATRF had for generations contributed to the success of the Canadian pension model. #ABLeg #AMCOfail
"The terms and conditions included in the Ministerial Orders are in the best interest of both AIMCo and its clients and clearly align interests."
Nope. That is why 0 out of 4 pension plans have signed an agreement. Take that to your MLA. #ABLeg #handsoff
Mark knew that Travis is AIMCO's lackey. #ABLeg
These investment management agreements need to be written on a commercially reasonable basis. Which would include the ability to fire them if required. #ABLeg
Take that to your MLA. Travis spent the last year planting his flag on saving $40 million per year in costs. (Which was BS as exp in previous threads.)
This to me is and admission that any costs savings will be small or nonexistent.
Travis changed the law to foist AIMCO upon us. So it is disingenuous when he says "I am only following the law". #ABLeg #handsoffmypension Do not take that.