Pensions Governance/legislation

Latest news in Governance/legislation

Chief actuary seeking peer review panel for next CPP actuarial report

The Office of the Chief Actuary is launching a peer review process for its next actuarial report on the Canada Pension Plan, which is expected…

Open letter calls on regulators to restart climate disclosure work

The push to make companies detail their exposure to climate change received a boost last week with about 80 women leaders in business and civil…

Expert panel: Risk management tips during economic, geopolitical uncertainty

Risk management continues to be one of the hottest topics in the pension industry for a number of reasons, including the uncertainty caused by the…

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ACPM calling on PBSA to update spousal disclosure requirements, electronic communications to retirees

The Association of Canadian Pension Management is recommending a few amendments to the Pension Benefits Standards Act, including the required disclosure to spouses and electronic…

  • By: Staff
  • June 4, 2025 June 3, 2025
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the Association of Canadian Pension Management’s call for modernized pension legislation in Alberta was the most-read story on BenefitsCanada.com this past week.…

  • By: Staff
  • May 30, 2025 May 29, 2025
  • 09:00

ACPM urging Alberta government to align pension funding, administration rules with other provinces

The Association of Canadian Pension Management is calling on the Alberta government to modernize its provincial pension legislation and align its laws with other Canadian…

  • By: Staff
  • May 27, 2025 May 27, 2025
  • 11:00
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U.K. DC pension providers committing 10% of default funds to private markets by 2030

Seventeen of the largest workplace pension providers in the U.K. have agreed to invest at least 10 per cent of their defined contribution default funds…

  • By: Staff
  • May 15, 2025 May 15, 2025
  • 15:00
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Expert panel: How long do pension administrators need to keep plan records?

Administering a pension plan involves the accumulation of large amounts of data in the form of documents, filings, reports, emails and letters. At some point,…

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Top 5 HR, benefits, pension and investment stories of the week

An article on a lawsuit filed by Ontario Provincial Police recruits against the Ontario Municipal Employees Retirement System and the Ontario Pension Board was the…

  • By: Staff
  • May 9, 2025 May 8, 2025
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on how Canada’s federal election could impact employees’ retirement savings was the most-read story on BenefitsCanada.com this past week. Here are the top…

  • By: Staff
  • May 2, 2025 May 1, 2025
  • 09:00

Head to head: Are there underlying risks in using AI and machine learning in pension administration and governance?

The benefits of artificial intelligence go hand in hand with the many risks, but the pension industry’s requirements around fiduciary responsibility and governance, as well…

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OPP recruits suing OMERS, OPB over pension transfers

A group of former municipal police officers who were recruited by the Ontario Provincial Police have launched multi-million-dollar lawsuits against the Ontario Municipal Employees Retirement…

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U.S. Supreme Court rules against Cornell University in 403(b) fees lawsuit

The U.S. Supreme Court has unanimously decided in favour of former Cornell University employees who accused the university of violating the Employee Retirement Income Security…

  • By: Staff
  • April 28, 2025 April 24, 2025
  • 09:00

How Canada’s federal election could impact retirement savings

While there’s more work to be done, election campaign promises made by Canada’s major federal political parties that address retirement challenges are a step in…

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B.C. regulator releases stand-alone information security guideline for pension plans

The British Columbia Financial Services Authority is releasing a stand-alone information security guideline for pension plan administrators based in the province. The guideline, which will…

  • By: Staff
  • April 3, 2025 March 31, 2025
  • 09:00

Coverage of the 2025 DC Plan Summit

Benefits Canada celebrated the Defined Contribution Plan Summit’s 25th anniversary by looking at how the world has changed over the last quarter century, the subsequent…

2025 DC Plan Summit: President Trump’s pro-business agenda could boost mergers, acquisitions and public offerings

Donald Trump is poised to be the “most transformational” U.S. president due to his corporate tax rate approach and a unique deregulation plan across financial…

2025 DC Plan Summit: Revolutionizing retirement income solutions for retirees

As defined contribution plans mature, Canada is seeing the first wave of retirees that only have DC plans and plan sponsors are facing the challenges…

2025 DC Plan Summit: Governance framework at the core of CAPSA’s updated guidelines

While good governance practices must be at the core of any pension plan, intricate frameworks are designed to be proportional to the size of the…

2025 DC Plan Summit: Making the case for more Canada in DC investment portfolios

Home-country bias is a conversation that ebbs and flows, with U.S. investment returns since the 2008/09 financial crisis reigniting the conversation, said Jon Knowles, institutional…

2025 DC Plan Summit: Blend of active and passive leading trends in U.S. DC investment

An emerging trend in U.S. defined contribution investment strategies is the ‘blend trend,’ which is a target-date solution that allocates to underlying building blocks that…

2025 DC Plan Summit: Auto-enrolment allowing some U.S. states to help workers prepare for retirement

With no federal requirement for U.S. employers to offer retirement savings options, individual states are stepping up and delivering meaningful programs. Speaking at Benefits Canada’s…

2025 DC Plan Summit: Is there a rising tide lifting all decumulation priorities from an investment perspective?

Rather than a single defined contribution plan sponsor tackling the decumulation dilemma alone, decisions need to be reframed as a decumulation ecosystem, said Nicole Lomax,…

2025 DC Plan Summit: A look at the history and beneficial characteristics of target-date funds

Since 2008, when the U.S. enacted legislation allowing target-date funds as the default, total assets in these funds have grown from around US$150 billion to…