Latest news in Governance/legislation

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Canada’s retirement system remains strong, but DC pension plans facing inflation risks: report

While Canada’s pension system continues to rank well globally, the current economic environment poses particular risks for defined contribution pension plan sponsors and members, according…

  • By: Staff
  • October 13, 2022 October 12, 2022
  • 09:00

Bank of England intervened in bond market to protect DB pension plans: letter

The Bank of England’s decision to intervene in the long-dated government bond market protected defined benefit pension plans with liability-driven investment strategies, according to a…

  • By: Staff
  • October 11, 2022 October 7, 2022
  • 12:30

2022 Risk Management Conference: Regulatory, stakeholder pressures moving ESG investing from fringe to centre stage

With close to two-thirds (62 per cent) of the market committed to investing responsibly, environmental, social and governance investing is no longer a fringe activity,…

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New ideas, access to top asset managers top reasons institutional investors hire OCIO: survey

About two-thirds (64 per cent) of global institutional investors say new ideas and access to top asset managers are the key benefits of hiring an…

  • By: Staff
  • October 4, 2022 October 4, 2022
  • 12:30
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Top 5 HR, benefits, pension and investment stories of the week

An article on virtual health-care findings in the 2022 Benefits Canada Healthcare Survey was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • September 30, 2022 September 29, 2022
  • 09:00
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Amendments to bankruptcy, insolvency legislation could disincentivize DB pension plan sponsors, say ACPM, PIAC

The Association of Canadian Pension Management and the Pension Investment Association of Canada are among the organizations saying proposed amendments to the federal Bankruptcy and…

  • By: Staff
  • September 29, 2022 September 28, 2022
  • 09:00

Alberta’s DB pension funding rules fail to balance sustainability, affordability: ACPM

The Association of Canadian Pension Management is taking aim at the Alberta government’s funding rules for private sector defined benefit pension plans. In its response…

  • By: Staff
  • September 27, 2022 September 27, 2022
  • 12:30
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PIAC providing feedback on potential updates to Alberta’s private sector pension legislation

The Pension Investment Association of Canada is providing feedback on the Alberta government’s consultation draft of potential legislative and policy updates for private sector pension…

  • By: Staff
  • September 22, 2022 September 21, 2022
  • 09:00

Synchronized rate hikes could spark global recession: World Bank report

Efforts by central banks to reduce inflation could spark a global recession, according to a new report from the World Bank. “If the degree of…

  • By: Staff
  • September 20, 2022 September 20, 2022
  • 12:00

2022 CAP Member Survey: Perceptions of CAPs against a changing economic landscape

After a tough couple of years, Canadians continue to face several challenges against an increasingly turbulent economic landscape. While most coronavirus restrictions were lifted in…

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Court rules employers must include electronic tips under pensionable earnings

The Federal Court of Appeal has ruled that a Halifax restaurant must include a portion of the electronic gratuities intended for wait staff as “pensionable…

ACPM cautioning CAPSA on draft revisions to CAP guidelines

The Association of Canadian Pension Management is cautioning the Canadian Association of Pension Supervisory Authorities on its revisions to guidelines for capital accumulation plans. The…

  • By: Staff
  • September 9, 2022 September 8, 2022
  • 09:00
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New Brunswick PSPP announces 5.24% COLA, 0.32% below CPI

Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada.…

  • By: Staff
  • September 8, 2022 September 8, 2022
  • 13:00
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PIAC providing feedback on CAPSA’s draft revisions to CAP guidelines

The Pension Investment Association of Canada is providing feedback on the consultation draft of revisions to the Canadian Association of Pension Supervisory Authorities’ guidelines for…

  • By: Staff
  • September 7, 2022 September 7, 2022
  • 15:00

Institutional investors, corporations divided on SEC climate disclosure proposal

An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives…

  • By: Staff
  • September 1, 2022 September 1, 2022
  • 12:30

Yellow Pages expecting shareholder approval for special payment to DB pension plan

Yellow Pages Ltd. has secured the support of enough shareholders to approve a plan to bolster its defined benefit pension plan’s coffers. During a virtual…

  • By: Staff
  • September 1, 2022 August 31, 2022
  • 12:00
ESG influencing company strategy, increasing oil market vulnerability: reports

Florida introducing resolution barring ESG integration by state pension fund managers

A resolution passed by the trustees of the Florida State Board of Administration with the approval of Governor Ron DeSantis is barring state pension fund…

  • By: Staff
  • August 25, 2022 August 25, 2022
  • 13:00
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Proposed regulations could accelerate U.K. DB pension extinction: Mercer chief actuary

Proposed amendments to U.K. pension regulations could lead to the extinction of smaller defined benefit plans within 15 years, according to Charles Cowling, chief actuary…

  • By: Staff
  • August 25, 2022 August 25, 2022
  • 12:00
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CAP member outcomes saw modest decline in Q2 as rising interest rates offset falling markets: report

Capital accumulation plan member outcomes saw a modest decline in the second quarter of 2022, as rising interest rates and the corresponding rise in annuity…

  • By: Staff
  • August 25, 2022 August 25, 2022
  • 09:06

Proposed tax amendments add complexity for pension administrators, says expert

The Department of Finance’s proposals relating to the Income Tax Act, sales tax and other legislation adds complexity where compliance is already extremely challenging for…

  • By: Staff
  • August 24, 2022 August 23, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An article on HSBC Bank Canada’s new benefits offerings was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • August 19, 2022 August 19, 2022
  • 09:00

FSRA seeking comment on draft pension registration guidelines

The Financial Services Regulatory Authority of Ontario is seeking feedback on its proposed guidance on requirements for pension plans to take certain actions to avoid…

  • By: Staff
  • August 16, 2022 August 17, 2022
  • 11:30

Top 5 HR, benefits and pension stories of the week

An article on Canadian employers increasing salaries and offering remote work to attract talent was the most-read story on BenefitsCanada.com over the last week. Here…

  • By: Staff
  • August 12, 2022 August 12, 2022
  • 09:05
Editorial

Editorial: Employers embracing innovation, flexibility in DC plan design

The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to…

2022 DC Plan Summit coverage: What’s next for DC plans?

The 2022 Defined Contribution Plan Summit, which was hosted in Victoria, B.C. on May 11-13, featured several case studies from innovative DC plan sponsors, as…