The Canadian Association of Pension Supervisory Authorities (CAPSA) has released its draft Pension Plan Prudent Investment Practices Guideline and the companion document, the Self-Assessment Questionnaire on Prudent Investment Practices, as well as a draft of the Pension Plan Funding Policy Guideline for review and comment.
The draft guidelines, developed with input from an industry advisory group, were designed to offer funding and investment activity guidance to Canadian pension plans of all sizes and types.
The new documents build on CAPSA’s previously released Guideline No. 4: Pension Plan Governance Guidelines and Self-Assessment Questionnaire and the CAPSA consultation paper on the Prudence Standard and the Roles of the Plan Sponsor and Plan Administrator in Pension Plan Funding and Investment.
CAPSA says the draft guidelines are part of the organization’s aim to promote consistency in pension funds’ governance. The organization is asking pension industry stakeholders to review the draft material and email written comments on the documents by June 1.