Latest news in Governance/legislation

The problem with big CPP

It seems the idea of expanding the Canada Pension Plan doesn’t die easily. The NDP hasn’t let it go, nor has the Ontario government who,…

B.C. pension bill receives royal assent

B.C. pension bill receives royal assent

British Columbia's pension reform is another step closer to reality. The province's bill 38, the Pension Benefits Standards Act (PBSA), was introduced on April 30,…

  • By: Staff
  • June 5, 2012 September 13, 2019
  • 08:45
CARP’s OAS stand ignores economics, says advisor

CARP’s OAS stand ignores economics, says advisor

CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.

Preparing for Ontario’s grow-in rules

Preparing for Ontario’s grow-in rules

One of the more significant changes contained in the reform of Ontario’s pension system is the elimination, effective July 1, 2012, of partial windups. This…

  • May 24, 2012 September 13, 2019
  • 12:20
Filling the PRPP holes

Filling the PRPP holes

The pooled registered pension plan (PRPP) announced by the federal government last year is the first step in the reforms needed to extend pension coverage…

IAS 19’s impact remains uncertain

IAS 19’s impact remains uncertain

The European Commission is on the cusp of endorsing the revised International Accounting Standard (IAS 19) for use by Europe-listed companies, but the effects on…

  • By: Staff
  • May 22, 2012 September 13, 2019
  • 10:31
New OAS eligibility is plenty to CARP about

New OAS eligibility is plenty to CARP about

The Canadian Association of Retired Persons (CARP) is leading the pushback efforts against the federal government’s decision to raise the OAS eligibility age from 65…

A review of B.C.’s new pension legislation

A review of B.C.’s new pension legislation

On April 30, 2012, the B.C. government introduced Bill 38, the Pension Benefits Standards Act (PBSA). The bill is the long-awaited result (for B.C.) of…

Quebec court says Indalex does not apply

Quebec court says Indalex does not apply

Quebec’s Superior Court has stated that Ontario’s recent Indalex ruling does not apply in Quebec. The Re Indalex Limited case found that, in some cases,…

  • By: Staff
  • May 4, 2012 September 13, 2019
  • 10:54
Global shifts in pension legislation

Global shifts in pension legislation

Countries around the globe have been making changes to their pension legislation in recent months, as they attempt to balance aging populations, increasing longevity and…

Ontario seeks stakeholder input on draft pension regulations

Ontario seeks stakeholder input on draft pension regulations

On April 30, the Ontario government released a draft regulation to amend Ontario Regulation 909—the Pension Benefits Act (PBA) General Regulation—and a consultation document seeking…

Ontario releases draft pension regulations

Ontario releases draft pension regulations

The Ontario government has released a draft regulation to the Pension Benefits Act—amending Regulation 909 (General)—for comment by June 1, 2012.

  • By: Staff
  • May 1, 2012 September 13, 2019
  • 12:00
New B.C. pension legislation introduced

New B.C. pension legislation introduced

British Columbia has introduced legislation that it says will enable employers to offer a wider choice of pension plan options.

  • By: Staff
  • May 1, 2012 September 13, 2019
  • 09:04
The precarious balance of fiduciary duty

The precarious balance of fiduciary duty

One of the touted benefits of pooled registered pension plans (PRPPs) is that they involve an off-loading of fiduciary duty. The employer just has to…

  • By: Robin Pond
  • April 27, 2012 September 13, 2019
  • 10:58
New rules for Canadian dark pool trading

New rules for Canadian dark pool trading

Canadian regulators are seeking to protect institutional investors from unfair pricing by implementing new restrictions around so-called dark pools. Dark pools can limit the impact…

  • By: Staff
  • April 24, 2012 September 13, 2019
  • 09:50
Industry leaders call for action on PRPPs

Industry leaders call for action on PRPPs

The Ontario government’s reluctance to move ahead with implementing PRPPs in the province has raised the ire of several prominent industry leaders.

  • By: Neil Faba
  • April 20, 2012 September 13, 2019
  • 10:47
Are PRPPs enough?

Are PRPPs enough?

Is Canada finally facing the reality that meaningful pension reform can no longer be delayed?

  • By: Yves Faguy
  • April 20, 2012 September 13, 2019
  • 10:26
OAS at 67 a “timid” solution: MEI

OAS at 67 a “timid” solution: MEI

The federal government’s recent decision to raise the eligibility age for old age security (OAS) from 65 to 67 is an absolute must, but it’s…

  • By: Staff
  • April 17, 2012 September 13, 2019
  • 09:29
Wildrose platform eyes Alberta Pension Plan

Wildrose platform eyes Alberta Pension Plan

Alberta’s conservative Wildrose party has suggested that the province withdraw from the Canada Pension Plan (CPP) and create its own Alberta Pension Plan, reports the…

  • By: Staff
  • April 16, 2012 September 13, 2019
  • 10:24

Videos: PRPPs in conversation

“PRPPs have helped to change the pension conversation because they’ve created conversation,” says Sue Reibel, senior vice-president and general manager, group retirement solutions, with Manulife…

N.S. tables changes to public sector pension governance

N.S. tables changes to public sector pension governance

Nova Scotia’s Financial Measures Act, tabled today, will include legislation to change the governance of the province’s largest public sector pension plan and the Nova…

Why we will no longer retire early

Why we will no longer retire early

By 2029, Old Age Security (OAS) will not become payable until age 67. After nearly half a century of improvements in government retirement programs, this…

OAS age won’t disrupt retirement plans: CIBC

Many Canadians aged 45 to 54, the first age group to be affected by the OAS age increase proposed by the government, were already planning…

  • By: Katie Keir
  • April 5, 2012 September 13, 2019
  • 09:53
OAS changes following global trend

OAS changes following global trend

Last night the federal government accounted it was raising the eligibility age for Old Age Security (OAS) from 65 to 67. But Canada’s not the…

Industry reacts to Budget 2012

Industry reacts to Budget 2012

Several organizations have started to release their comments regarding this year's federal budget. Here's a summary of what they had to say.

  • By: Katie Keir
  • March 29, 2012 September 13, 2019
  • 18:15