Latest news in Governance/legislation

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Top 5 HR, benefits and pension stories of the week

An Ontario Superior Court judge awarding $210,000 in costs against the Financial Services Regulatory Authority of Ontario was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • June 30, 2022 June 30, 2022
  • 09:00
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N.B. auditor general report calls for transparency from public sector investment organization

New Brunswick’s auditor general is reigniting a dispute with the an independent public sector asset manager responsible for investing on behalf of pension plans jointly…

  • By: Staff
  • June 28, 2022 June 28, 2022
  • 13:00

BCI names Michel Drolet as senior VP of corporate risk, chief audit officer

The British Columbia Investment Management Corp. is appointing Michel Drolet as senior vice-president of corporate risk and chief audit executive. In the role, he’ll lead…

  • By: Staff
  • June 28, 2022 June 28, 2022
  • 11:00
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Ontario court awards $210K in costs against FSRA in Brewers Retail pension case

An Ontario Superior Court judge is awarding Brewers Retail Inc. $210,000 in costs against the Financial Services Regulatory Authority of Ontario. Justice Ed Morgan’s award…

Transition to low carbon economy highlighting climate risks for pension plans: CAPSA

The potential impact of a disorderly transition to a low carbon economy is a top factor driving financial market regulators to accelerate and focus their…

  • By: Staff
  • June 27, 2022 June 24, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An article on Stelco Inc.’s $1.3 billion annuity buy-in for one of its defined benefit pension plans was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • June 24, 2022 June 23, 2022
  • 09:00
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No need for separate OSFI culture risk management guideline, says CIA

Culture risk management can be enhanced within existing risk management frameworks, says the Canadian Institute of Actuaries, adding it doesn’t see a need for a…

  • By: Staff
  • June 22, 2022 June 21, 2022
  • 09:00
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Updated CAP guidelines must reflect changes in the pension industry: CPBI session

As the Canadian Association of Pension Supervisory Authorities looks to update its capital accumulation plan guidelines, the amendments must reflect the changes in the industry,…

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ACPM provides feedback on proposed amendments to pension accounting standards

The Association of Canadian Pension Management is providing feedback on the Accounting Standards Board’s proposed amendments to the Chartered Professional Accountants of Canada’s handbook, including…

  • By: Staff
  • June 16, 2022 June 15, 2022
  • 09:00
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CAPSA seeking feedback on risk management guidelines

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…

  • By: Staff
  • June 15, 2022 June 14, 2022
  • 09:00
NL’s College of Physicians and Surgeons latest employer to join DBplus pension

NL permitting electronic naming of beneficiaries for pensions, retirement plans

Pension and retirement plan members in Newfoundland and Labrador can now designate beneficiaries through electronic means. The amendment allows individuals to name beneficiaries electronically for…

  • By: Staff
  • June 10, 2022 June 10, 2022
  • 15:00

Top 5 HR, benefits and pension stories of the week

An article on how pension plans are approaching risk management was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • June 10, 2022 June 9, 2022
  • 09:00
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Alberta seeking feedback on private sector pension legislation

The Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws. The consultation will focus…

  • By: Staff
  • June 9, 2022 June 8, 2022
  • 09:00
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Expert panel: Is risk management the new frontier in pension governance?

The importance of risk management isn’t new for the majority of defined benefit pension plan sponsors and administrators. The impact of long-term interest rates, market…

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Top 5 HR, benefits and pension stories of the week

An article on how Scotiabank is supporting employee financial well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • June 3, 2022 June 2, 2022
  • 09:00

Pension plan sponsors uncertain about balancing ESG factors, fiduciary responsibilities: ACPM

Defined benefit pension plans and defined contribution pension plans are uncertain about how to incorporate environmental, social and governance issues into their investment processes in…

  • By: Staff
  • June 2, 2022 June 2, 2022
  • 12:34

Saskatchewan permitting electronic naming of beneficiaries for pensions, retirement plans

Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the…

  • By: Staff
  • May 27, 2022 May 27, 2022
  • 15:00
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ACPM calling on OSFI to clarify how pension plans can strengthen investment risk management

The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to provide more detail on how pension plans…

  • By: Staff
  • May 25, 2022 May 20, 2022
  • 09:00
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Chief actuary seeking external panel for CPP review

The office of the chief actuary is seeking an external peer review panel for its next actuarial report on the Canada Pension Plan. The external…

  • By: Staff
  • May 20, 2022 May 18, 2022
  • 09:00
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CAPSA seeking feedback on revised CAP guidelines

The Canadian Association of Pension Supervisory Authorities is releasing a consultation draft of revisions to its guidelines for capital accumulation plans. The updated guidelines replace…

  • By: Staff
  • May 19, 2022 May 18, 2022
  • 09:00

Coalition publishes model investment contracts to enforce plan ESG guidelines

The Pension Fund Coalition is publishing a set of generic contracts aimed to help plan sponsors in establishing minimum environmental, social and governance criteria with…

  • By: Staff
  • May 19, 2022 May 18, 2022
  • 08:55

Asset managers adopting DEI policies, but top ranks remain relatively unchanged: survey

While official diversity, equity and inclusion policies have been widely adopted by U.S. institutional asset management organizations, these policies have made little difference to the…

  • By: Staff
  • May 17, 2022 May 17, 2022
  • 12:30
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PIAC urges flexibility in OSFI’s pension investment risk guidelines

The Pension Investment Association of Canada is urging the Office of the Superintendent of Financial Institutions to ensure its guidance on pension investment risk management is…

  • By: Staff
  • May 17, 2022 May 17, 2022
  • 12:30

A look at MEPPs in a shifting pension landscape

As the move away from traditional defined benefit plans continues and intensifies, Canada’s multi-employer pension plans are providing employers with another retirement savings option for…

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DeFi used in 97% of crypto theft: report

Decentralized finance technology facilitated more illicit cryptocurrency transactions in the first quarter of 2022 than in any other period, according to a report from Chainalysis…