CIBC Mellon has been selected to provide asset servicing, investment operations and plan member services for the University Pension Plan Ontario (UPP), including custody, institutional accounting, performance and analytics, risk, compliance and pension benefit payment services. UPP is a jointly sponsored pension plan (JSPP) designed to help bring enhanced retirement security to current and future Ontario university pension plan members. It is the first of its kind in Ontario’s university sector. UPP is the official pension provider for its three founding universities: Queen’s University, the University of Guelph and the University of Toronto. UPP’s fourth member institution, Trent University, is scheduled to join the inaugural universities in January 2022, with the participation of its Faculty Association pension plan members.
