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Newfoundland and Labrador residents can now unlock pension benefits

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…

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Canada’s pension system gets top grades in new benchmark

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…

  • By: Staff
  • February 23, 2021 February 24, 2021
  • 15:00

Pension regulators step up amid turmoil

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…

Sanofi joining CAAT’s DBplus pension

Sanofi joining CAAT’s DBplus pension

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…

  • By: Staff
  • February 12, 2021 February 26, 2021
  • 09:00

OMERS Sponsors Corp. changing board structure

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…

  • December 10, 2020 January 22, 2021
  • 18:50
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Osler appointing Andrea Boctor to pensions, benefits group

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…

  • December 10, 2020 January 18, 2021
  • 18:47

PIAC comments on FSRA’s plan for missing plan members

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…

  • By: Staff
  • September 23, 2020 November 26, 2020
  • 09:30

FSRA updates guidance for pension plans concerned about filing deadlines

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…

  • By: Staff
  • June 23, 2020 November 26, 2020
  • 09:30
Navigating pension fiduciary duties during coronavirus pandemic

Navigating pension fiduciary duties during coronavirus pandemic

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…

How are pension plan sponsors’ fiduciary duties evolving in the time of coronavirus?

How are pension plan sponsors’ fiduciary duties evolving in the time of coronavirus?

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…

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Playing defence when it comes to investment governance

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…

Feds proposals for variable benefits present opportunity to revisit PRPP rules: PIAC

Feds proposals for variable benefits present opportunity to revisit PRPP rules: PIAC

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…

  • By: Staff
  • June 5, 2019 September 13, 2019
  • 09:00
How Canadian legislation is moving to solve issue of missing pension members

How Canadian legislation is moving to solve issue of missing pension members

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…

Further clarity required on Ontario’s variable benefits proposal: PIAC

Further clarity required on Ontario’s variable benefits proposal: PIAC

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…

  • By: Staff
  • May 29, 2019 September 19, 2019
  • 09:15
N.S. moving forward with new DB pension solvency regime

N.S. moving forward with new DB pension solvency regime

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…

  • By: Staff
  • May 28, 2019 September 19, 2019
  • 15:15
House passes bill to help workers with retirement savings

House passes bill to help workers with retirement savings

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.…

Pension model of future must find common ground between DB, DC: report

Pension model of future must find common ground between DB, DC: report

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…

  • By: Staff
  • May 24, 2019 September 19, 2019
  • 09:00
Pension industry welcomes clarity around electronic communications

Pension industry welcomes clarity around electronic communications

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…

Sounding Board: How will Canadians stretch their retirement savings to age 100?

Sounding Board: How will Canadians stretch their retirement savings to age 100?

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…

CAPSA issues guidance on annuity quotes for pension solvency, hypothetical windup liabilities

CAPSA issues guidance on annuity quotes for pension solvency, hypothetical windup liabilities

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…

Roll out of higher CPP costs expected to affect HR budgets for benefits, wages

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…

Sounding Board: B.C.’s municipal pension plan celebrating 80 years

Sounding Board: B.C.’s municipal pension plan celebrating 80 years

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…

  • By: Judy Payne
  • May 12, 2019 September 19, 2019
  • 08:45
Decumulation, cyber security among initiatives in CAPSA’s latest strategic plan

Decumulation, cyber security among initiatives in CAPSA’s latest strategic plan

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…

Can CPP have a provincial bias?

Can CPP have a provincial bias?

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…