Latest news in Governance/legislation

Coverage of the 2023 DC Plan Summit

At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought…

2023 DC Plan Summit: How Australia, the U.S. are tackling decumulation challenges

While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent…

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Canadian DB pension plan assets rise 1.9% in April: report

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:00

Expert panel: What does Canadian pension legislation say about polyamory?

In December 2022, the Supreme Court of Justice of Colombia released an unexpected decision: two men, who had been in a polyamorous relationship with a…

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Imperial Oil shareholders reject ESG proposals from Bâtirente, BCI

Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the…

  • By: Staff
  • May 9, 2023 May 10, 2023
  • 12:30
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Controversial super-priority pension bill receives royal assent

A controversial law giving super-priority to defined benefit pension plan members during plan windups and insolvencies is coming into effect after receiving royal assent from…

ACPM urging Retraite Québec to streamline approach to actuarial solvency valuations

The Association of Canadian Pension Management is urging Retraite Québec to streamline its approach to actuarial solvency valuations for pension plans with members outside of…

  • By: Staff
  • April 26, 2023 April 26, 2023
  • 09:00

Canadian employee ownership trust model missing incentives for companies: expert

As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow…

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How will crypto disclosure rules impact federally regulated pension plans?

In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of…

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Changes to QPP allowing flexibility on pension contributions, retirement age: expert

Recent amendments to the Quebec Pension Plan to encourage people to work past age 65 offer more flexibility on contributions and retirement age, says Bonnie-Jeanne MacDonald,…

McCarthy Tétrault appointing Susan Nickerson as head of pensions, benefits, executive compensation

McCarthy Tétrault LLP is appointing Susan Nickerson as partner and head of its pensions, benefits and executive compensation group. Prior to joining McCarthy Tétrault, she…

  • By: Staff
  • April 19, 2023 April 18, 2023
  • 09:00

Mandatory RRIF drawdowns negatively impacting retirement savings: report

The rules governing registered retirement income funds and similar retirement vehicles are stuck in the past and need revamping or removal, according to a new…

  • By: Staff
  • April 18, 2023 April 17, 2023
  • 09:00
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Saskatchewan Pension Plan removing annual contribution, transfer-in limits

The Saskatchewan Pension Plan is removing its annual contribution and transfer-in limits. Starting on April 13, 2023, as long as plan members have room in…

  • By: Staff
  • April 17, 2023 April 17, 2023
  • 15:00

Editorial: Can the industry move beyond the complexity of pensions?

What’s in a name? A pension by any other name would smell as sweet — or would it? I started writing this month’s Pension Feature…

Head to head: Will the government’s super-priority bill spell the end of DB pension plans?

The bill is a divisive one, with the pension industry concerned about the future of corporate-sponsored defined benefit pension plans and an association representing plan…

Does the pension industry have a language problem?

Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing…

OMERS addresses confusion about new sustainability review at AGM

Speaking at the Ontario Municipal Employees’ Retirement System’s annual general meeting on Tuesday, Blake Hutcheson, its chief executive officer, discussed the OMERS’ recent annual results,…

  • By: Staff
  • April 6, 2023 April 10, 2023
  • 12:30

ACPM advising FSRA to take best practices approach to IT risk management

The Association of Canadian Pension Management is urging the Financial Services Regulatory Authority of Ontario to apply a best practices approach for the pension sector…

  • By: Staff
  • April 5, 2023 April 5, 2023
  • 15:00

NYC pensions leading motion to review Starbucks’ labour practices

A consortium of five New York City defined benefit pension plans has led a successful campaign to launch an external review of labour practices at…

  • By: Staff
  • April 4, 2023 April 3, 2023
  • 12:30

Canada Growth Fund emphasizing ‘over-hyped’ transition technologies, says watchdog

A watchdog organization is criticizing a government fund dedicated to attracting investments in green technologies. “The government seems to be saying this is concessional finance,” says…

  • By: Staff
  • April 4, 2023 April 4, 2023
  • 12:30

76% of U.S. DC pension plan sponsors offering auto-enrolment: survey

Three-quarters (76 per cent) of U.S. defined contribution pension plan sponsors say their plan offers automatic enrolment, according to a new survey by investment consulting…

  • By: Staff
  • March 31, 2023 March 30, 2023
  • 09:00
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What’s in the federal budget for DB pension plans, institutional investors?

The 2023 federal budget, which was announced on Tuesday, includes several initiatives related to defined benefit pension plans and the broader institutional investment sector. The…

  • By: Staff
  • March 30, 2023 March 30, 2023
  • 12:00
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Manitoba, NL to sign onto agreement for multi-jurisdictional pension plans

Manitoba and Newfoundland and Labrador are signing the 2020 agreement respecting multi-jurisdictional pension plans, effective July 1, 2023. The agreement, which was introduced in June…

  • By: Staff
  • March 30, 2023 March 29, 2023
  • 09:00