Latest news in Governance/legislation

45% of U.S. DC plan sponsors considering adding emergency savings options in 2024: survey

More than two-fifths (45 per cent) of U.S. defined contribution pension plan sponsors say they’re considering implementing emergency savings features, according to a survey from…

  • By: Staff
  • January 23, 2024 January 23, 2024
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story…

  • By: Staff
  • January 19, 2024 January 18, 2024
  • 09:00

PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding…

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Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024

While it’s impossible to predict exactly how pension case law will evolve in future, one can offer an educated guess at some legislative developments and…

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

A story on mental-health themes and challenges for 2024 was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension…

  • By: Staff
  • January 12, 2024 January 11, 2024
  • 09:00
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Pension plan sponsors more vigilant of cybersecurity risks when dealing with third-party vendors: expert

Data management and transference is a key area of risk for pension plan sponsors as the vulnerability of engaging with third parties creates opportunities for…

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Employers increasingly aware of lifetime pension pools, but more work to be done: report

While there’s more work to be done before lifetime pension pools are widely implemented in North America, employers are increasingly aware of concepts such as…

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MPs calling on government to bar pension funds from investing in Chinese companies linked to human rights abuses

The House of Commons Special Committee studying Canada-China relations is calling on the federal government to bar Canadian pension funds from investing in Chinese companies…

  • By: Staff
  • January 4, 2024 January 3, 2024
  • 10:00
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Expert panel: What does 2024 hold in store for the pension industry?

With the arrival of the new year, there are three topics that will be important for pension plan sponsors, members and other industry stakeholders in…

Changes to CPP, QPP deductions taking effect this month

Middle-income earners will start seeing a larger portion of their paycheques going toward their Canada Pension Plan contributions as of Jan. 1. A broader pension revamp began in 2019,…

Top 10 investment stories of 2023

A story on how the federal government is considering ending Canada’s ’30 per cent rule’ was the most-read investment story on BenefitsCanada.com this year. Here are…

  • By: Staff
  • December 21, 2023 December 21, 2023
  • 09:00

U.K. CAP reforms could reduce pension quality, create administrative challenges: expert

A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are…

  • By: Sadie Janes
  • December 20, 2023 December 19, 2023
  • 09:00

Careful consideration, transparency needed in determining Alberta’s share of CPP: Freeland

Citing the “complicated” nature of pensions and need for all provinces and territories to weigh in, Finance Minister Chrystia Freeland wouldn’t provide a specific timeline…

Top 10 pension stories of 2023

A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are…

  • By: Staff
  • December 18, 2023 December 18, 2023
  • 09:00
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Financial market regulators establish committee to implement total cost reporting plan

The Joint Forum of Financial Market Regulators is establishing a committee to help implement its total cost reporting plan. The plan aims to increase investor…

  • By: Staff
  • December 15, 2023 December 15, 2023
  • 15:00

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

An article on how employers can support employees with attention deficit hyperactivity disorder was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • December 15, 2023 December 15, 2023
  • 09:00
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BCFSA’s climate risk guidelines could create burden on smaller pension plans, says PIAC

The Pension Investment Association of Canada is calling on the B.C. Financial Services Authority to reconsider implementing new standards for climate-related risks analysis guidelines, noting it…

  • By: Staff
  • December 14, 2023 December 13, 2023
  • 09:00

Converting DB pension plans to DC plans impacts cash flow, increases costs: report

U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee…

  • By: Staff
  • December 13, 2023 December 13, 2023
  • 15:00
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Alberta government rejects amendments to CPP exit legislation

Premier Danielle Smith’s government has rejected a proposal that would have compelled it to respect the results of a referendum on whether Alberta should quit…

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FSRA’s proposed rule could increase fairness in division of pension benefits during marriage breakdown: expert

The Financial Services Regulatory Authority of Ontario’s proposed family rule could allow for pension benefits to be divided more fairly in the event of a…

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

An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • December 8, 2023 December 8, 2023
  • 09:00
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Union protests N.B.’s plan to transform public sector DB pension plans

The New Brunswick government introduced legislation Wednesday to transfer five of its public sector defined benefit pension plans to shared-risk plans, saying the move will…

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

An article on how Desjardins Insurance is supporting employee financial wellness was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • December 1, 2023 November 30, 2023
  • 09:00

Feds’ new tax exemption could drive more employers to leverage employee ownership trusts: expert

A new federal tax exemption for employee ownership trusts could spur retiring business owners to sell their companies to workers, says Jon Shell, managing director…

Alberta premier quiet on reason for abandoning promised in-person CPP exit consults

Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension…