Latest news in Governance/legislation

Reports highlight social implications of workplace pensions

Reports highlight social implications of workplace pensions

A report published by the Canadian Public Pension Leadership Council in February 2019 offers compelling evidence about the broad benefits of workplace pension plans. The report,…

  • April 16, 2019 September 13, 2019
  • 08:30
New report calls for updated retirement age to reflect reality of today’s workforce

New report calls for updated retirement age to reflect reality of today’s workforce

Canada’s governments should consider updating the current retirement age to match the reality of today’s workforce, according to a new report by the Canadian Institute of…

PIAC supporting FSRA’s proposed approach to addressing changing pension environment

PIAC supporting FSRA’s proposed approach to addressing changing pension environment

The Pension Investment Association of Canada has released comments on the proposed strategic priorities for the newly formed Financial Services Regulatory Authority of Ontario, which…

  • By: Staff
  • April 12, 2019 September 13, 2019
  • 15:00
Could solvency reform in Canada lead to a DB pension revival?

Could solvency reform in Canada lead to a DB pension revival?

In early 2016, Rogers Communications Inc. announced it would be closing its defined benefit plan to new entrants and replacing it with a defined contribution…

  • By: Jann Lee
  • April 12, 2019 September 13, 2019
  • 08:56
Holistic retirement thinking: Integrating public, private pensions

Holistic retirement thinking: Integrating public, private pensions

Defined contribution plan sponsors should consider Canada’s public pension system when designing their plans, according to a panel comparing the Canadian system to the ones…

  • By: Yaelle Gang
  • April 12, 2019 September 13, 2019
  • 08:39
Pension and benefits highlights from Ontario’s 2019 budget

Pension and benefits highlights from Ontario’s 2019 budget

In its 2019 budget announcement on Thursday, the Ontario government said it’s taking a step towards implementing a framework for target-benefit pension plans. The budget…

  • By: Staff
  • April 11, 2019 September 13, 2019
  • 16:20
Think tank calling for tax-free workplace pension plans

Think tank calling for tax-free workplace pension plans

A new paper from Ryerson University’s National Institute of Ageing is calling for the creation of workplace tax-free pension plans to better support Canadians’ financial security…

Ontario removes red tape for pension plans joining JSPPs

Ontario removes red tape for pension plans joining JSPPs

The Ontario government is eliminating the requirement of government approval for employers seeking to merge single-employer pension plans with jointly sponsored pension plans. The change, put through…

Budget’s stock options proposals could have consequences for employers

Budget’s stock options proposals could have consequences for employers

The federal government’s 2019 budget proposed changes that could affect the viability and attractiveness of stock options as a recruitment and retention tool for certain…

Industry praises budget proposals to allow variable annuities for CAP members

Industry praises budget proposals to allow variable annuities for CAP members

Multiple stakeholder groups are praising the 2019 federal budget’s proposal to amend tax rules to allow for late-life and variable annuity structures. The proposed advanced…

What do pension benefits guarantee fund changes mean for plan sponsors?

What do pension benefits guarantee fund changes mean for plan sponsors?

Alongside recent reforms to funding rules for Ontario-registered defined benefit pension plans, the Ontario government also made changes to the pension benefits guarantee fund, including improvements…

  • March 26, 2019 September 13, 2019
  • 08:30
Budget proposals for retirement security get mixed reviews from ACPM

Budget proposals for retirement security get mixed reviews from ACPM

The Association of Canadian Pension Management has mixed feelings about the federal government’s proposed methods for enhancing retirement security in the wake of the high-profile Sears Canada…

Budget 2019: More proposals that could affect plan sponsors

The 2019 federal budget offered several proposals to help working Canadians, ranging from new leave provisions to tax benefit adjustments. A potential new leave provision is aimed at…

  • By: Staff
  • March 20, 2019 December 3, 2020
  • 14:45
Budget 2019: Proposed changes to pension legislation, annuities, CPP

Budget 2019: Proposed changes to pension legislation, annuities, CPP

In its 2019 budget on Tuesday, the federal government announced a number of proposals regarding pension protections, off the back of recent high-profile corporate bankruptcies that have thrown…

What do OSFI’s new rules for assessing pensions mean for plan sponsors?

What do OSFI’s new rules for assessing pensions mean for plan sponsors?

The Office of the Superintendent of Financial Institutions is introducing regulations amending the assessment of pension plans on April 1, 2019. The amendments aim to…

Canadian Labour Congress highlights pensions, pharmacare as budget 2019 priorities

The Canadian Labour Congress’ wish list for the upcoming 2019 federal budget includes universal national pharmacare and pensions and retirement security. For pharmacare, the group…

  • By: Staff
  • March 18, 2019 December 3, 2020
  • 10:00
Trading

PIAC shares recommendations with CAPSA on leverage policy work

The Pension Investment Association of Canada responded positively to a recent update from the Canadian Association of Pension Supervisory Authorities’ leverage working group. The PIAC agreed with…

  • By: Staff
  • March 18, 2019 January 12, 2021
  • 09:00
Editorial: A wish list from the DC pension industry

Editorial: A wish list from the DC pension industry

If there’s one thing Canada’s pension industry can agree on, it’s the work that needs to be done around defined contribution pension plans. In February,…

A look at Germany’s new ‘pure’ DC plans

A look at Germany’s new ‘pure’ DC plans

On Jan. 1, 2018, Germany introduced pension legislation aimed at strengthening workplace pensions by creating a system of collective defined contribution plans. And yet, a…

N.S. pension legislation changes include new reserve accounts

N.S. pension legislation changes include new reserve accounts

The government of Nova Scotia is making changes to its Pension Benefits Act with the aim of offering greater flexibility for defined benefit plan sponsors. The changes…

  • By: Staff
  • March 13, 2019 September 13, 2019
  • 15:45
CAPSA updates guidelines on DC plan payout, responsibilities and advice

CAPSA updates guidelines on DC plan payout, responsibilities and advice

The Canadian Association of Pension Supervisory Authorities has published an updated version of its guideline No. 8 for defined contribution plans, focusing on three main…

Ontario’s new DB funding rules should base PfAD on plan’s asset mix: ACPM

Ontario’s new DB funding rules should base PfAD on plan’s asset mix: ACPM

In Ontario’s new defined benefit plan funding rules, the provisions for adverse deviation should be based on the plan’s asset mix, and a riskier asset…

  • By: Staff
  • March 4, 2019 September 13, 2019
  • 15:00
Why the jointly sponsored UPP is the right pension for the university sector

Why the jointly sponsored UPP is the right pension for the university sector

The single-employer defined benefit model doesn’t work for the university sector for one clear reason, says Cynthia Messenger, president of the University of Toronto’s Faculty…

Some disabled veterans to get less cash under Liberal plan: budget watchdog

Some disabled veterans to get less cash under Liberal plan: budget watchdog

The Trudeau government faced fresh fire over its treatment of disabled veterans last week after a new analysis by Parliament’s budgetary watchdog found an incoming system of…

Industry consulting on commuted-value standard in pension payments

Industry consulting on commuted-value standard in pension payments

The Actuarial Standards Board is consulting on changes to key components of how the commuted value for a pension plan is calculated. The commuted-value standard…