Latest news in Governance/legislation

Head to Head: Should the U.S. ESOP structure be brought to Canada?

Canadian employers should consider the pros and cons of employee share ownership plans on both sides of the border. Loren Rodgers, executive director of the…

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Ontario judge cautions FSRA in certification of Brewers Retail pension class action

In certifying a pension class action by Brewers Retail Inc., an Ontario Superior Court judge denounced the Financial Services Regulatory Authority of Ontario for defying…

New report backs up calls to bring employee ownership to Canada

Developing a made-in-Canada approach to employee ownership trusts will address multiple public policy challenges, according to a new report by non-profit Social Capital Partners. Employee-owned…

  • By: Staff
  • March 7, 2022 March 4, 2022
  • 09:00

Top 5 HR, pension and benefits stories of the week

An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here…

  • By: Staff
  • March 4, 2022 March 4, 2022
  • 09:00
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Report finds disconnect between how target-benefit plans are regulated, managed

Target-benefit plans are being hampered by a disconnect between how they’re regulated and how they’re managed, according to a new report for the C.D. Howe Institute.…

  • By: Staff
  • March 3, 2022 March 3, 2022
  • 09:00
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Ontario’s DB pension plans should take steps to maintain strong funded status: FSRA

With Ontario’s defined benefit pension plans in their best financial shape since 2009, the Financial Services Regulatory Authority of Ontario is advising plan sponsors and…

AIMCo, BCI to divest Russian holdings

In response to the ongoing conflict between Russia and Ukraine, the Alberta Investment Management Corp. and the British Columbia Investment Management Corp. are divesting from…

  • By: Staff
  • March 1, 2022 March 3, 2022
  • 15:30
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Canadian pension plans overcoming legislation, governance challenges: webinar

Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation…

  • By: Blake Wolfe
  • February 28, 2022 February 28, 2022
  • 09:00
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CAPSA establishes committee to develop risk management guidelines for pension plans

The Canadian Association of Pension Supervisory Authorities is establishing a new committee with a mandate to develop a risk management guideline for pension plans. The…

  • By: Staff
  • February 18, 2022 February 18, 2022
  • 15:00
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Equities, inflation, legislative changes push annuity transaction volume to record highs

The strength of equities was among the factors pushing the transaction volume of Canada’s group annuities market to a record high in 2021, according to…

Majority of Ontario’s DB pension plans more than fully funded: report

The average Ontario defined benefit pension plan is in the best funded position since December 2009, according to the Financial Services Regulatory Authority of Ontario’s…

  • By: Staff
  • February 17, 2022 February 17, 2022
  • 12:00

FSRA opens consultation on proposed pension benefits guarantee fund guidance

The Financial Services Regulatory Authority of Ontario is consulting on proposed pension benefits guarantee fund assessment deadlines and calculations guidance, which is designed to assist plan administrators…

  • By: Staff
  • February 17, 2022 February 16, 2022
  • 09:00

Bruce Power using asset-liability studies, rebalancing to protect pension fund

As a nuclear power provider, Bruce Power’s culture emphasizes the importance of risk-averseness. This is reflected in the company’s efforts to secure the indexed benefits…

Anglican Church’s pension members joining multi-employer plan

A thousand members of the Anglican Church of Canada’s defined contribution pension plan are joining the General Synod pension plan, effective Jan. 1, 2022. The…

  • By: Staff
  • February 10, 2022 February 9, 2022
  • 09:00

U.S. Virgin Islands refinancing bonds in bid to save public pension system

The governor of the U.S. Virgin Islands is refinancing more than US$800 million worth of bonds following numerous attempts to save a public pension system that…

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OSFI, FSRA set out six recommendations for strengthening CAP guidelines

The Office of the Superintendent of Financial Institutions and the Financial Services Regulatory Authority of Ontario are putting forward six recommendations for strengthening the Canadian Association…

  • By: Staff
  • February 9, 2022 February 8, 2022
  • 09:00

Assessing investment managers’ progress in sustainable investing

Asset managers have responded to a growing demand from investors for socially responsible investing, with pledges to integrate environmental, social and governance factors into the…

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Association ending efforts to oppose N.B. pension’s move away from DB model

An eight-year legal effort to reverse a law that transformed New Brunswick’s public sector pension plan away from an indexed defined benefits model is being scrapped.…

Benefits, pension plan administrators face bevy of challenges in 2022: webinar

The shift to hybrid and remote work models during the ongoing coronavirus pandemic is one of several issues impacting pension plan and group benefits administrators…

  • By: Blake Wolfe
  • January 17, 2022 January 17, 2022
  • 09:00

Manitoba amends pension rules to strengthen regulatory, solvency system

Manitoba is amending its pension regulatory system in order to strengthen the province’s pension regulatory and solvency framework. The changes, which took effect on Dec.…

Puerto Rico’s public sector pension plans transition from DB to DC

Members of Puerto Rico’s public sector pension plans are facing a benefits freeze and the transformation of their defined benefits plans to defined contribution plans. The…

  • By: Staff
  • January 6, 2022 January 6, 2022
  • 13:45

Fiscal sustainability of DB pensions more important than overall liabilities: report

The viability of a public defined benefit pension plan is best judged by its fiscal sustainability rather than its overall liabilities, according to a new…

Expert panel: DB, DC pension predictions for 2022

As a new year dawns, our attention turns to what’s ahead, the following are a few of my predictions for trends in the world of…

Why CPP premiums are getting a bigger bump than planned

Jan. 1 felt like Groundhog Day for all employees and employers paying into the Canada Pension Plan. Like last year, contributions went up again by more…