Latest news in Governance/legislation

NL’s College of Physicians and Surgeons latest employer to join DBplus pension

Newfoundland and Labrador addressing $8.18BN unfunded pension, employee benefits liabilities

At the end of March 2020, Newfoundland and Labrador had $4.89 billion in unfunded pension liabilities, including unfunded liability and promissory notes, according to a…

More clarity needed in pension rules following marriage breakdown: ACPM

The Association of Canadian Pension Management is calling for increased clarity regarding Ontario’s rules for the valuation and division of pension payments following a marriage…

  • By: Staff
  • May 12, 2021 May 13, 2021
  • 09:00
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CN Rail amending pension policy for same-sex couples

The Canadian National Railway Co. is amending its pension policy after awarding benefits to a widower who was initially denied because of an outdated rule…

  • By: Staff
  • May 7, 2021 May 6, 2021
  • 09:00
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Federal budget promising relief for DC pension plan under, over contributions

Tucked away in the federal budget are proposals that will lighten the load for defined contribution pension plan administrators confronted with historical under and over…

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Federal budget fails to support pension reform, says retiree group, politicians

The Canadian Federation of Pensioners is calling for amendments to federal insolvency laws to protect members of defined benefit pensions if the employer is insolvent.…

Head to head: Should Canadian policy-makers facilitate a workplace emergency savings benefit?

With many employees struggling with finances since the coronavirus pandemic started last March, two experts weigh in on the viability of offering a workplace emergency…

Pension plan committees applying virtual meeting lessons to second year of pandemic

As the coronavirus pandemic ground the world to a halt in March 2020, stopping was not an option for Gale Rubenstein or her colleagues on…

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FSRA advising DB MEPPs on governance, risk-management practices

The Financial Services Regulatory Authority of Ontario is issuing leading practices for the province’s defined benefit multi-employer pension plans, in the areas of governance, risk management and…

  • By: Staff
  • March 26, 2021 March 30, 2021
  • 09:00
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Ontario’s budget highlights pension benefits, ongoing support for employers and employees

In its 2021 budget on Wednesday, the Ontario government said it’s requiring pension plan administrators to calculate and report their plan’s claim exposure to the…

  • By: Staff
  • March 25, 2021 March 25, 2021
  • 09:00

Canadian MEPPs facing challenges due to provincial funding requirements, plan growth

Canada’s multi-employer pension plans are facing a wide range of challenges, from funding requirements to future growth, according to a recent webinar hosted by the…

The evolution of pension governance policies

Pension governance policies have been common for many years, at least since the Canadian Association of Pension Supervisory Authorities published its initial guidelines on pension…

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Alberta Teachers’ Association files legal challenge to pension order

The Alberta Teachers’ Association is taking legal action against the recent ministerial order enacted on several of the province’s pension plans, including the Alberta Teachers’…

  • By: Staff
  • March 19, 2021 March 19, 2021
  • 09:00
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The Royal Mail Group’s road to offering U.K. employees a collective DC plan

The Royal Mail Group Ltd. will soon make history in the United Kingdom by becoming the first employer to sponsor an entirely new type of…

Alberta looking at next steps to pull out of the CPP: Kenney

Alberta Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan.…

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Newfoundland and Labrador residents can now unlock pension benefits

Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes…

  • By: Staff
  • March 3, 2021 March 3, 2021
  • 09:00
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Canada’s pension system gets top grades in new benchmark

Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the…

  • By: Staff
  • February 23, 2021 February 24, 2021
  • 15:00

Pension regulators step up amid turmoil

For almost a year now, federal and provincial pension regulators have been busily trying to mitigate the effects of the coronavirus pandemic. Regulators have never…

Sanofi joining CAAT’s DBplus pension

Sanofi joining CAAT’s DBplus pension

Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701…

  • By: Staff
  • February 12, 2021 February 26, 2021
  • 09:00

BCI adopts more stringent ESG expectations for companies it invests in

The British Columbia Investment Management Corp. is raising its environmental, social and governance-related expectations for the publicly-traded companies it invests in. Under its new proxy-voting…

  • By: Staff
  • February 11, 2021 March 24, 2021
  • 10:06
BCI adopting more stringent ESG expectations

BCI adopting more stringent ESG expectations

The British Columbia Investment Management Corp. is raising its environmental, social and governance-related expectations for the publicly-traded companies it invests in. Under its new proxy-voting…

Pension plans focusing on streamlining ESG strategies in 2021

Pension plans focusing on streamlining ESG strategies in 2021

Pension plans in Canada now factor environmental, social and governance monitoring in their investment process, and in the absence of national guidance, plan managers are using…

CPPIB investing in Brazil real estate, Intact acquisition approved

The Canada Pension Plan Investment Board is one of three investors entering a partnership with real estate developer SKR to develop, own and operate a…

  • By: Staff
  • January 20, 2021 April 14, 2021
  • 10:35
ACPM calling on feds to prioritize DB plan coverage and adequacy

ACPM calling on feds to prioritize DB plan coverage and adequacy

With private-sector defined benefit pension coverage declining over the past two decades, the federal government should take more steps to prioritize coverage and benefit adequacy,…

  • By: Staff
  • January 18, 2021 April 14, 2021
  • 15:00
PSP selling stake in European rail lessor, investing in health-care technology company

PSP selling stake in European rail lessor, investing in health-care technology company

The Public Sector Pension Investment Board is selling its stake in Alpha Trains, a Europe-based lessor of locomotives and passenger trains. The PSP, which has…

  • By: Staff
  • January 15, 2021 April 14, 2021
  • 09:01