Latest news in Governance/legislation

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…

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies

Dynamic pension pools can have a significant and positive impact on retirement outcomes if they’re supported by the appropriate legislative changes, said Barbara Sanders, associate…

2022 DC Plan Summit: Considering flexibility when implementing in-plan decumulation

While defined contribution pension plan sponsors are focusing on providing members with information, education and guidance to ensure they’re ready for retirement, advice is becoming…

2022 DC Plan Summit: How are DC plan sponsors modernizing their savings plans?

In a panel discussion during Benefits Canada‘s 2022 DC Plan Summit, three defined contribution pension plan sponsors shared how their plans are evolving to ensure…

2022 DC Plan Summit: Kraft-Heinz merger kicks off review, streamlining of pension plan

With the 2015 merger of Kraft Foods and H.J. Heinz Co., Kraft Heinz Canada was left with a “mixed bag” of savings and retirement programs.…

U.K. pension regulator calling on plan sponsors to support pension scam prevention strategy

The Pension Regulator, the U.K. government body that oversees defined benefit pension plans, is calling on plan sponsors to help advance a three-pronged strategy to…

  • By: Staff
  • August 11, 2022 August 11, 2022
  • 12:00
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Pension spending contributed more than $4.4BN to Alberta’s GDP in 2021: report

Pension spending alone supported more than 41,000 jobs across Alberta and contributed more than $4.4 billion to the province’s gross domestic product in 2021, according…

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New Brunswick amending pension legislation to allow for reserve accounts, annuity buyouts

New Brunswick is amending its Pension Benefits Act to allow for enhanced communications with plan members, exempt compulsory membership for religious beliefs and allow for reserve…

PIAC providing feedback on ISSB’s sustainability, climate change exposure drafts

The Pension Investment Association of Canada is providing feedback on the International Sustainability Standard Board’s exposure drafts on disclosure of financial information pertaining to sustainability…

  • By: Staff
  • August 4, 2022 January 24, 2024
  • 09:00
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Canadian pension funds receive top scores in transparency benchmark

The Canada Pension Plan Investment Board is the world’s most transparent pension fund, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and…

  • By: Staff
  • August 2, 2022 August 2, 2022
  • 11:00
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Rejected by courts, U.S. retirees take last shot to save pensions

Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance…

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U.K. government proposing rules requiring DB pensions to share investment strategies

The U.K. government is proposing new rules requiring defined benefit pension plan sponsors to provide regulators with a summary of their investment strategies. Under the proposed…

  • By: Staff
  • July 28, 2022 July 28, 2022
  • 11:00

OAS increase an opportunity for employees to consider delaying retirement: expert

While old-age security has permanently increased by 10 per cent for seniors aged 75 and older, employees can maximize this benefit, along with their Canada…

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ACPM cautions OSFI against one-size-fits-all approach to risk management

The Association of Canadian Pension Management is cautioning the Office of the Superintendent of Financial Institutions on a one-size-fits-all approach to risk management across the…

  • By: Staff
  • July 21, 2022 July 20, 2022
  • 09:00

European central bank expected to raise interest rates by 25 basis points

The European Central Bank is expected to raise interest rates for the first time since 2011. In a statement, the bank said it plans to…

  • By: Staff
  • July 19, 2022 July 19, 2022
  • 12:30