The British Columbia Investment Management Corporation (bcIMC) was established under the authority of the Public Sector Pension Plans Act, which was passed by the British Columbia Legislature on July 15, 1999. While the corporation is relatively new, through predecessor organizations we have a long history of providing prudent funds management services.

The reasons for establishing bcIMC as an independently managed corporation were as follows:

1. To place the investment agency at arms length from government and thereby avoid potential conflicts that can develop between government’s policy decisions and the management of public sector trust funds;
2. To increase the ability of bcIMC’s clients to manage the agency and ensure that the corporation has the necessary resources and flexibility to meet the challenges of global fund management;
3. To provide clients the advantages of a large public sector investment manager (e.g. increased diversification, economies of scale, and a cost-based fee system); and,
4. To ensure a strong governance framework and proper accountability to bcIMC’s clients (e.g., pension trustees).

 bcIMC Advantages