International Centre for Pension Management

What International Centre for Pension Management does

ICPM is an independent non-profit association headquartered in Toronto, Canada, founded in 2004 by pension industry veteran Keith Ambachtsheer at the Rotman School of Management and incorporated as an independent legal entity in 2015. It operates a closed global network of 55 pension organizations across at least 12 countries representing approximately $6 trillion in assets under management as of January 2024. Membership spans public, corporate, multi-employer, and sovereign pension funds ranging from roughly $4 billion to over $200 billion in AUM, and includes named members such as CalSTRS, SWIB, Aware Super, ATRF, Nest, Border to Coast, UniSuper, PPF, GIC, and KWAP. The organization is led by Executive Director Sebastien Betermier (in role since January 2023) and Board Chair Michelle Ostermann (since January 2024), supported by a core team of approximately six staff in Toronto plus a small satellite group in Maastricht.

The organization delivers value through four interconnected pillars. Network Membership provides access to in-person Discussion Forums, virtual Round Tables, member working groups, and a member-exclusive community platform at connect.icpmnetwork.com. Education Programs include the flagship Pension Governance and Investment Program (PGEP) priced at CDN $8,880–$9,380, a Cybersecurity program launched in October 2024 at CDN $4,750–$4,950, the Maastricht Trust-Building program, and the Oxford Sustainability program, all co-developed with leading universities. Research consists of an annual Research Award worth CDN $50,000, applied working-group reports (e.g., the June 2026 Social Infrastructure Blueprint), and a curated Research Library. Insights encompass public webinars, the ICPM Newsletter, and ad-hoc publications.

Revenue mechanics combine undisclosed membership dues, tuition from fee-paying education programs, and research sponsorships. The organization does not disclose revenue or per-member dues in any filing visible in the input data, and operates as a non-profit association rather than a for-profit entity. In December 2025, ICPM appointed a new Managing Director (Adrian Trollor) dedicated to anchoring Asia-Pacific expansion, alongside a new Non-Executive Director, signaling a structural commitment to growing the network in the region following the addition of GIC (October 2025) and KWAP (March 2026) as the network's first Singaporean and Malaysian members, respectively.

Name

International Centre for Pension Management

Legal name

International Centre for Pension Management

Website

https://icpmnetwork.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

ICPM is an independent non-profit association operating a global network of 55 pension organizations representing approximately $6 trillion in AUM, delivering peer exchange, executive education, applied research, and thought leadership to senior pension leaders across 12+ countries.

Ownership category

akta.pro rank

Product category

Pension Industry Association Services

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

SIC

Investment Advice (6282), Services-Membership Organizations (8600)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industries

Retirement Plan Participant Advice & Managed Accounts (FSAEABAF), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Pension governance education
• Pension fund networking
• Executive education programs
• Institutional investment research
• Pension industry association

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pension Organization Membership Dues: Recurring membership fees paid by pension organizations joining the ICPM network. Membership grants access to exclusive events, education discounts, and peer exchange. Network spans 55 funds across Australia, Canada, Chile, Denmark, Malaysia, New Zealand, Netherlands, Norway, Singapore, South Africa, UK and US.
2. Education Program Tuition: Fee-based executive education programs (PGEP at CDN $8,880-$9,380+tax; Cybersecurity Risk Oversight at CDN $4,750-$4,950+tax) delivered in partnership with Rotman (University of Toronto), Maastricht University, and Oxford University. ICPM Research Partners receive a 15% discount; bundle discounts (10-20%) offered for combined enrollment.
3. Research Sponsorship and Publications: Annual CAD $50,000 Research Award program funded through the organization; production and dissemination of Working Group whitepapers, Insights, and webinars supported by member contributions.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

ICPM is a global non-profit association of pension organizations that provides a membership-based platform for peer exchange, executive education, applied research, and convening events aimed at strengthening pension governance and fostering long-term investing. Its core offering is a recurring pension-organization membership, delivered alongside fee-based executive education programs (such as the ICPM-Rotman PGEP, Cybersecurity, Maastricht Trust-Building, and Oxford Sustainability programs) and an annual research award with associated working groups and publications.

Product overview

ICPM operates as a platform-plus-programs association architecture rather than a single unified software product. Its core offering is the ICPM Network Membership — a global community of 55 pension funds — which serves as the umbrella under which four pillars operate: (1) Education Programs including the flagship ICPM-Rotman Pension Governance Education Program (PGEP) and three specialized offerings (the ICPM-Rotman Cybersecurity Risk Oversight Program, the ICPM-Maastricht Program on Building Trust with Members & Stakeholders, and the ICPM-Oxford Asset Owner Sustainability Leadership Programme); (2) Research delivered through the annual ICPM Research Award, Research Working Groups producing whitepapers such as the Social Infrastructure Blueprint, and the ICPM Research Library archiving historical Rotman International Journal of Pension Management content; (3) Events comprising flagship in-person Discussion Forums, virtual member-exclusive Round Tables and Feedback Sessions; and (4) Knowledge dissemination via the ICPM Insights publications platform, the public-facing ICPM Newsletter, and webinars. Together these products serve pension board members, trustees, C-suite executives, senior investment leaders and academics from the world's largest and most sophisticated pension funds.

Differentiator

Problem solved

Functional benefit

Products and services

• ICPM Network Membership A global network of 55 pension funds from around the world that fosters long-term investing, strengthens governance of pension investments, and improves the design and governance of pension schemes. Members gain access to exclusive events, peer exchanges, and the Connect online community platform.
• ICPM-Rotman Pension Governance Education Program (PGEP) A 3.5-day international governance program organized jointly between ICPM and Rotman Executive Programs at the University of Toronto, covering governance, boardroom dynamics, responsible investment, IT and cybersecurity risk, and member communications.
• ICPM-Rotman Cybersecurity Risk Oversight Program A specialized program co-created with the Rotman School of Management equipping pension fund leaders with best practices in governance and oversight of cyber risks, including cyber threat landscape, war room preparation, organizational structures and monitoring practices.
• ICPM-Maastricht Program on Building Trust with Members & Stakeholders An immersive education retreat co-developed with UMIO|Maastricht University for board members and senior-level communication specialists, exploring best practices in pension communications, member engagement, reputation risk, and behavioral biases in retirement decision-making.
• ICPM-Oxford Asset Owner Sustainability Leadership Programme A three-day residential program at the University of Oxford developed with the Oxford Sustainable Finance Group that translates climate and biodiversity science into responsible investment policy based on evidence-based investment beliefs, targeted at executive-level pension and sovereign wealth fund leaders.
• ICPM Research Award An annual academic research program that awards CAD $50,000 to exceptional academic papers of practical relevance to pension organizations. Submissions undergo rigorous peer review by ICPM's Research Council, and award winners present their work at ICPM webinars or Discussion Forums.
• ICPM Discussion Forums ICPM's flagship biannual in-person events that bring together senior leaders of pension funds from around the world to connect and share on themes highly relevant to the pension industry, with carefully curated agendas translating thought-provoking research into practical takeaways.
• ICPM Round Tables
• ICPM Research Working Groups Collaborative research initiatives composed of academic researchers and senior officials of large pension funds from around the world that dive deep into specific topics and produce whitepapers and reports, such as the 'Social Infrastructure Blueprint' and 'Creating Conditions for Long-Term Infrastructure Investment.'
• ICPM Insights
• ICPM Research Library A repository of research on pension design, investing, governance and management, including 11 issues and 92 articles of the Rotman International Journal of Pension Management published between 2005 and 2014, as well as research funded by ICPM prior to 2017.
• ICPM Newsletter

Quantifiable outcome

• 55 pension funds globally with combined ~$6 trillion in AUM
• +4 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Investment Company Institute (ICI): The leading US trade association for regulated investment companies (mutual funds, ETFs, closed-end funds). Comparable to ICPM as a membership association serving institutional asset managers, but with a US focus and broader investment management mandate rather than pensions specifically.
• CFA Institute: The global professional association for investment managers offering the CFA charter and a broad curriculum of investment education, research, and ethical standards. Comparable to ICPM in delivering investment education and research to institutional finance professionals, though much broader in scope (equities, fixed income, alternatives) and far larger in scale.

Regional players

• Pensions Europe: The European pension fund and retirement savings association representing IORPs and pan-European pension policy. Comparable to ICPM in providing pension industry advocacy, research, and peer engagement, but with a Europe-only scope.

Direct peers

• CEM Benchmarking: CEM Benchmarking is a pension benchmarking and research organization serving large public and corporate pension funds globally. Directly comparable to ICPM in target customer (large sophisticated pension organizations), business model (membership-based research and benchmarking), and analytical/governance focus.
• National Institute on Retirement Security (NIRS): A US-based non-profit research and education organization focused on retirement security and pension policy. Directly comparable to ICPM in mission (pension research, education, governance advocacy) but with a US-only geographic scope.
• Thinking Ahead Institute (WTW): A non-profit research institute within WTW (Willis Towers Watson) focused on investment research for pension funds and institutional investors. Comparable to ICPM in producing investment thought leadership, research collaboration, and serving large institutional asset owners, though embedded within a for-profit parent.
• National Association of State Retirement Administrators (NASRA): A US association of state and local government pension plan administrators focused on public pension policy and administration. Comparable to ICPM in serving public pension administrators, though limited to US state/local plans.
• Institutional Investors Group on Climate Change (IIGCC): A European-led membership network of institutional investors focused on climate change and investment. Comparable to ICPM's Oxford Sustainability Programme area: peer network of pension funds and asset owners collaborating on sustainability research, policy advocacy, and capacity building.
• Principles for Responsible Investment (PRI): A UN-supported global network of institutional investors committed to incorporating ESG/responsible investment. Comparable to ICPM as a signatory-based membership network for pension funds and asset owners producing research, education, and peer collaboration on sustainable investment.

Emerging players

• Club Vita: A longevity analytics and research firm serving pension funds and insurers with demographic and mortality modeling. Comparable to ICPM in serving sophisticated pension clients with peer-relevant research and analytics, but with a narrower specialization in longevity rather than broad governance and investing topics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ICPMNetwork

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Centre for Pension Management