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© Copyright 2000 Rogers Media. The following article first appeared in the February 2001 edition of
BENEFITS CANADA magazine.
Letters
Constructive criticism?
re: "Getting Governance Right"
By David Howe, October 2000
Mr. Howe is somewhat unfair in his criticisms of the Association of Canadian Pension Management's (ACPM)
efforts to develop a governance self-assessment tool. It was a great challenge for the task force to
develop a self-assessment tool which was flexible and applicable to many circumstances. While trying to
accommodate three different governance models, the task force also had to take into account the wide
variety of plan sizes and designs.
The ACPM believes that its tool is flexible and can be used by plans of different sizes and designs. The
tool can also apply to DC plans.
However, I have to agree with Mr. Howe that much work remains to be done in this area. Recently, a joint
task force organized by the ACPM and PIAC released a report on DC plans in response to work under way by
the joint forum of financial market regulators. This is an important step to ensure good governance of DC
plans. A copy of this report and our self-assessment questionnaire are available online at www.acpm.com.
Michael Beswick, past president
ACPM
CORRECTIONS
The Industry section in the January 2001 issue incorrectly reported that Rx Plus had changed its name to
Claim Secure.com. Rx Plus has changed its name to ClaimSecure Inc. We regret the error.
The directory of defined contribution plan suppliers in the December 2000 issue did not include Jarislowsky
Fraser Limited. Here is the information on this provider:
Jarislowsky Fraser Limited
Ste. 2005,1010 Sherbrooke St. W., Montreal H3A 2R7
Toronto Office: 401 Bay St., Suite 1600, Toronto, M5H 2Y4
Contact: Lisa Hamather
Tel.: (416) 363-7417; Fax: (416) 363-8079
E-mail:lhamather@tor.jfl.ca
Services Provided: Market directly to plan sponsors administration/recordkeeping services only. Provides
investment management services for DC products to other financial institutions.
Assets Under Investment Management: Group RRSP/MP: $460 mil, Clients: 18
Funds Offered: Jarislowsky Fraser Pooled Funds--Balanced, Cdn. Equity, U.S. Equity, International and Bond
Fund.
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