Latest news in Governance/legislation

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B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts

British Columbia’s amended definition of provision for adverse deviation will provide additional flexibility to the province’s target-benefit pension plans, according to experts. The changes to…

2022 IIC coverage: The role of innovation in high-yield corporate bonds

“There’s been some tremendous innovation in fixed income markets, especially in the last decade. Technology has made transparency and liquidity blossom in areas that have…

2022 IIC coverage: Protecting technology infrastructure critical for institutional investors

The most important asset in the world is people’s personal information because every piece of data that we provide to the internet through social media…

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Top 5 HR, benefits, pension and investment stories of the week

An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here…

  • By: Staff
  • January 13, 2023 January 12, 2023
  • 09:00

New U.S. pension law strengthening retirement savings for workers

A new U.S. law that aims to strengthen retirement support for workers holds valuable lessons for Canada’s retirement system, says one pension consultant. The Secure…

  • By: Sadie Janes
  • January 13, 2023 January 12, 2023
  • 09:00
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French government pursues pension reforms despite protests, political opposition

The French government’s plans to reform the national pension system have been met by widespread protest. Elisabeth Borne, France’s prime minister, unveiled plans to raise…

Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers

While many Alberta employers say they’d be disadvantaged if the province left the Canada Pension Plan, one expert says a provincial pension plan could benefit…

ACPM’s top priority for 2023 is amending, blocking passage of pension super-priority bill

The Association of Canadian Pension Management’s top priority in 2023 is convincing Canada’s senate to amend or block the passage of Bill C-228, according to…

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Expert panel: DB pension plan sponsors facing challenges, opportunities in 2023

Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors…

My Take: Tackling decumulation today will lead to retirement-ready workers tomorrow

For some Canadians, the term pension may still conjure images of a secure stash of money guaranteed to ensure a comfortable lifestyle in retirement. I…

Top 10 HR, benefits, pension and investment stories of 2022

Amid the lingering coronavirus pandemic, vaccination policies and paid sick leave were top of mind among Benefits Canada’s readers in 2022. However, stories about new…

  • By: Staff
  • December 23, 2022 December 22, 2022
  • 09:00

Ontario tribunal determines employer entitled to $320K pension surplus

The Financial Services Tribunal of Ontario has awarded an employer with a $320,000 pension surplus, despite the plan’s trust agreements’ silence as to surplus entitlement.…

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Expert panel: Does Canada need a pension champion?

In the Expert Commission on Pensions’ 2008 review of Ontario’s pension system, it recommended an agency or unit of the provincial government serve as a…

2022 DBIF coverage: 2023 market insights and DB plan portfolio positioning

Consensus expectations for U.S. inflation and interest rates in 2023 are overly optimistic, said Robert Forsyth, head of SPDR exchange-traded funds strategy and research at…

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Top 5 HR, benefits, pension and investment stories of the week

An article on how Canada compares to other countries in terms of its vacation day offering was the most-read story on BenefitsCanada.com over the last…

  • By: Staff
  • December 16, 2022 December 15, 2022
  • 09:00

A look at the latest legal issues around ESG investing

As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound…

  • By: Blake Wolfe
  • December 16, 2022 February 10, 2023
  • 08:57

2022 CAP Suppliers Report: What’s on CAP sponsors’ wish lists for the coming year?

With the coronavirus pandemic and rising inflation causing economic uncertainty, capital accumulation plan sponsors are looking for new ways to help their members feel secure…

  • By: Sadie Janes
  • December 16, 2022 December 15, 2022
  • 08:57

How Möbius Benefit Administrators is asserting pension independence the prairie way

In 2014, Colyn Lowenberger, then the director of pension and disability administration at the City of Regina, heard a knock at his office door —…

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Super-priority pension bill may hasten DB plan closures: expert

A bill currently under consideration by Canada’s senate could hasten the closure of open defined benefit plans, according to Gavin Benjamin, a partner in LifeWorks…

  • By: Staff
  • December 15, 2022 December 15, 2022
  • 13:15
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Super-priority bill a major concern for DB plan sponsors: report

A bill intended to provide defined benefit pension plan members with super-priority should be a major concern for Canadian DB plan sponsors, according to LifeWorks…

  • By: Staff
  • December 13, 2022 December 13, 2022
  • 12:45
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Expert panel: An update on regulatory oversight of pension risk management

In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s…

Biden releasing nearly US$36BN to aid pensions of union workers

U.S. President Joe Biden is announcing the infusion of nearly US$36 billion to shore up a financially troubled union pension plan, preventing severe cuts to…

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Top 5 HR, benefits, pension and investment stories of the week

An article on Thomson Reuters’ new vacation policy was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories…

  • By: Staff
  • December 9, 2022 December 8, 2022
  • 09:00
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Expert panel: What does it mean for pension plan members to live separate and apart?

While pension plan administrators know about their plan members’ employment history and salaries, they may not expect to learn much about their personal lives, including how…

OECD report urging policy-makers to consider role of employers in supporting pension growth

Since employers play a key role in supporting pension growth, policy-makers should consider their involvement when implementing pension reforms, according to a new report by…

  • By: Staff
  • December 2, 2022 December 1, 2022
  • 09:00