Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes…
The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission…
Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the…
For almost a year now, federal and provincial pension regulators have been busily trying to mitigate the coronavirus pandemic’s effects. Regulators have never been more…
Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701…
The Ontario Municipal Employees Retirement System’s Sponsor Corp. board is changing from a co-chair to a chair and vice-chair system. After discussions on changes to…
Osler Hoskin and Harcourt LLP is appointing Andrea Boctor as a partner in its pensions and benefits group. Boctor’s practice encompasses all areas of pensions…
The Pension Investment Association of Canada is expressing its support for the Financial Services Regulatory Authority of Ontario’s draft guidelines for pension plan sponsors dealing…
The Financial Services Regulatory Authority of Ontario is updating its guidance for pension plans around filing deadlines and member communications. The update reflects the government of Ontario’s regulations…
Employers that act as pension plan administrators have statutory fiduciary duties that are defined by the plan documents and by governing pension legislation. While those duties…
While the coronavirus pandemic certainly doesn’t change pension plan sponsors’ fundamental fiduciary duty to their plan members, the crisis is creating circumstances that will test how that responsibility…
In the world of pensions, endowments and foundations, members of governing boards and investment committees are trusted with oversight of pools of capital with significant…
The federal government’s proposals around advanced life deferred annuities and variable payment life annuities represent significant enhancements in decumulation options for Canadian capital accumulation plan…
While there isn’t reliable data on just how many people are disconnected from their old pension plans, the federal government says the number could be…
While the Pension Investment Association of Canada is praising Ontario’s 2019 budget proposals, it’s also questioning how the provincial government is planning to implement them. In a…
The Nova Scotia government is moving forward with changes to its regulatory framework for defined benefit pension plans. The province’s new framework follows a review launched in…
The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans.…
The Canadian pension industry must go beyond the defined benefit versus defined contribution debate and focus on the model of the future, according to a…
Plan administrators are welcoming the increased clarity accompanying the amendment of Ontario’s Pension Benefits Act to allow for the electronic designation of beneficiaries and the re-issue…
I was lucky enough to know my great-grandmother. I remember her living to the age of 94 — “incredible,” my family would say. But not…
Generally, when a pension plan goes through a solvency or hypothetical windup valuation, the actuaries will value some of the expected liabilities as commuted lump-sum…
It may not happen this year, or next year, or even the year after that. But sometime between now and 2025, Canadian employers will almost…
Canada’s public sector pension plans are well-respected internationally for their administration, independent governance, investments, regulation and plan design. And British Columbia’s municipal pension plan is…
The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives…
A recent report highlighting that Albertans are currently paying more into the Canada Pension Plan than the province’s retirees are taking out demonstrated an example of a…