The Canadian Association of Pension Supervisory Authorities is seeking feedback on three risk management guidelines.
The guidelines will cover pension plans’ use of leverage, cyber risks and environmental, social and governance considerations. In a letter to stakeholders, the CAPSA said it may incorporate these guidelines into a single risk management document that will also cover topics such as investment risk and target-benefit plans.
“Good risk management is a key characteristic of a well-run plan and an important part of the plan administrator’s role in protecting members’ benefits,” said the letter. “An effective framework for managing risk will assist plan administrators in keeping plan assets safe and protecting the plan from adverse risks.”
Comments are requested by Sept. 15, 2022.