Strong Partnerships Deliver Early Annuity Buy-In Success for Vestcor Clients – January 13, 2026

Vestcor Inc. (Vestcor) is celebrating recent annuity buy-in transactions by two of its valued clients, the Shared Risk Plans for former employees of Fraser Papers Inc. Another example of the fruitful partnerships Vestcor enjoys with its clients.

Fredericton, NB – The Boards of Trustees for the Shared Risk Plans for former employees of Fraser Papers approached Vestcor in 2021 with a specific goal in mind: build the funds of their legacy shared risk employee pension plans, while de-risking their investment portfolio in preparation for a wind-up and annuity purchase. Vestcor took an active role in dynamically adjusting their investment portfolios and finding tailored options for the eventual timely divestment of the plans’ illiquid assets.

With the need to finalize the process by 2029, the annuity buy-in was completed in 2025, four years ahead of schedule.

This shortened timeline was assisted by the strong investment results realized by Vestcor, with 1% in added return each year over benchmarks through our active investment management. Further, Vestcor’s cost-effective investment management solutions allowed more of the returns to stay in the plans for the benefit of their members.

The result is a more secure retirement for all plan members.

“The continued positive outcomes experienced by our clients provide a valuable reinforcement for our aspiration as an organization,” said Sean Hewitt, President and CEO of Vestcor Inc.,” to be the most valuable and reliable partner in shaping and delivering financial security and confidence for our clients and their beneficiaries.”

Vestcor’s story is one of continued client success. As Atlantic Canada’s largest investment manager, Vestcor provides adaptable services to clients large and small, regardless of their goals. Our not-for-profit structure allows us to provide our proven, recognized expertise to clients in a cost-effective manner.

ABOUT VESTCOR

Vestcor is an independent not-for-profit company located in Fredericton, New Brunswick. It provides global investment management services to public-sector client groups representing over $23 billion in assets under management as of December 31, 2024, and administration services to 11 public sector pension plans and five employee benefit plans.

Vestcor’s team of more than 160 service professionals provides innovative, integrated, and cost-effective investment management and pension and benefit administration services solutions to Atlantic Canadian clients. Vestcor currently services the requirements of approximately 114,000 pension plan members, 44,000 employee benefits members, and approximately 150 participating employer groups. Further information about Vestcor is available at vestcor.org.

For more information, please contact:

Elizabeth-Anne McCleave
Director Communications
Vestcor Inc.
communications@vestcor.org
vestcor.org