Latest news in Governance/legislation

Pension deficits, dividend payments among topics in new government consultation

Pension deficits, dividend payments among topics in new government consultation

The federal government is asking Canadians to weigh in on a consultation paper that tackles issues related to pension underfunding and bankruptcy and insolvency laws.…

A primer on the incoming CPP/QPP enhancements

A primer on the incoming CPP/QPP enhancements

In 2016, the Government of Canada reached an agreement with the provinces that provides for significant enhancements to the Canada Pension Plan, with an announcement of…

  • November 27, 2018 September 13, 2019
  • 08:00
Feds launch consultations on enhancing retirement security of Canadians

Feds launch consultations on enhancing retirement security of Canadians

The federal government is launching national consultations on enhancing the retirement security of Canadians, including potential actions on pension regulations and bankruptcy and insolvency laws.  Previously…

  • By: Staff
  • November 23, 2018 September 13, 2019
  • 09:20
Considerations for employers around the incoming CPP enhancements

Considerations for employers around the incoming CPP enhancements

With just about a month to go until the federal government’s long-awaited Canada Pension Plan enhancements kick in on Jan. 1, 2019, Scott Perkin is…

Development, communications of CPP changes inadequate: CLC

Development, communications of CPP changes inadequate: CLC

The proposed financial sustainability provisions of the enhanced Canada Pension Plan destabilize Canadians’ understanding and expectation of the CPP, and create challenges around communicating the…

  • By: Staff
  • November 21, 2018 September 13, 2019
  • 15:15
CLHIA changing timeline for G19 compensation disclosure

CLHIA changing timeline for G19 compensation disclosure

After consulting with more than 500 advisors, the Canadian Life and Health Insurance Association is making a number of changes to its G19 guideline pertaining to…

  • By: Staff
  • November 21, 2018 September 13, 2019
  • 10:34
Alberta tables legislation on joint governance of public sector pensions

Alberta tables legislation on joint governance of public sector pensions

The Alberta government tabled new pension legislation Tuesday proposing a joint governance structure for three of the province’s largest pension plans —the Local Authorities Pension Plan,…

  • By: Staff
  • November 20, 2018 September 13, 2019
  • 17:00
Tips for meeting CAPSA’s pension governance guidelines: Part III

Tips for meeting CAPSA’s pension governance guidelines: Part III

The first two parts of this series explored the first 10 principles of the Canadian Association of Pension Supervisory Authorities’ guidelines on pension governance. As…

Ontario to move forward with variable benefits from DC pensions

Ontario to move forward with variable benefits from DC pensions

The Ontario government is moving forward with legislation around variable benefits from defined contribution plans, facilitating mergers into jointly sponsored pension plans and enabling the…

FSCO releases guideline for administrative penalties under pension act

FSCO releases guideline for administrative penalties under pension act

The Financial Services Commission of Ontario has released its guideline for administrative penalties related to violations of the province’s Pension Benefits Act. The change was…

  • By: Staff
  • November 14, 2018 September 13, 2019
  • 15:45
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Plan to create a national securities regulator is constitutional: Supreme Court

The Constitution allows Ottawa and the provinces to set up a national securities regulator, the Supreme Court says in a ruling that could help advance…

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Canada-model pensions are most efficient system: report

Using a Canada-model pension plan, employees would see $5.32 in retirement income for every dollar they contribute compared to the typical $1.70 resulting from an individual approach,…

Latest CAPSA consultation looks at electronic pension communication

Latest CAPSA consultation looks at electronic pension communication

The Canadian Association of Pension Supervisory Authorities has released a draft revision of its guideline No. 2, which looks at electronic communication in the pension industry. The…

  • By: Staff
  • November 6, 2018 September 13, 2019
  • 09:20
OPTrust appoints new chair, vice-chair

OPTrust appoints new chair, vice-chair

The OPSEU Pension Trust’s board of trustees has appointed Tim Hannah as its new chair. Having most recently served as vice-chair, he is replacing Vicki Ringelberg, who will…

  • By: Staff
  • November 5, 2018 September 13, 2019
  • 10:04
Maximum pensionable earnings for 2019 and other CRA updates

Maximum pensionable earnings for 2019 and other CRA updates

The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2019 will be $57,400, up from $55,900 in…

Great-West Life’s Aarssen awarded for industry leadership

Great-West Life’s Aarssen awarded for industry leadership

Perseverance, communication and innovation are just a few of the words used to describe Jeff Aarssen. Aarsseen, the recently retired vice-president of group customer sales at Great-West…

  • By: Ryan Murphy
  • October 30, 2018 September 13, 2019
  • 09:00
Ford promises pension ‘regulatory relief’ for Algoma steelworkers

Ford promises pension ‘regulatory relief’ for Algoma steelworkers

Ontario’s Premier Doug Ford is pledging his support for Ontario steelworkers and their pensions in the wake of the United States’ government’s 25 per cent tariff on Canadian steel.…

  • By: Staff
  • October 29, 2018 September 13, 2019
  • 16:00
Public sector pension changes coming when Alberta legislature resumes

Public sector pension changes coming when Alberta legislature resumes

Alberta Premier Rachel Notley says the NDP government will introduce new pension legislation soon after the legislature resumes Monday. Speaking to the United Nurses of Alberta,…

B.C. launches consultation on new options for pension solvency funding

B.C. launches consultation on new options for pension solvency funding

The government of British Columbia is kicking off a conversation on reforming the province’s solvency funding rules in an effort to encourage private sector companies…

  • By: Staff
  • October 24, 2018 September 13, 2019
  • 16:15
Global pension systems struggling to balance adequacy, sustainability: report

Global pension systems struggling to balance adequacy, sustainability: report

Tension between pension adequacy and sustainability is growing across the world, according to the annual Melbourne Mercer Global Pension Index. The Netherlands and Denmark have…

  • By: Staff
  • October 22, 2018 September 13, 2019
  • 16:10
Feds must act to protect Sears’ Canadian pensioners: CARP

Feds must act to protect Sears’ Canadian pensioners: CARP

The Canadian Association of Retired Persons is calling out the federal government, saying it’s unfair the pensions of Sears Holding Corp.’s American employees will be protected…

  • By: Staff
  • October 22, 2018 September 13, 2019
  • 09:15
How Ontario’s pension regulation changes will impact DC plans

How Ontario’s pension regulation changes will impact DC plans

Ontario’s pension regulatory landscape has seen a number of recent changes, with many of these affecting defined contribution plan sponsors, according to one expert. Speaking at…

FSCO opens consultation on updated pension surplus policies

FSCO opens consultation on updated pension surplus policies

The Financial Services Commission of Ontario is in the process of updating its surplus policies. Once released, the updated policies will be posted for consultation,…

  • By: Staff
  • October 17, 2018 September 13, 2019
  • 16:00
Pension stakeholders call on feds to remove barriers to longevity risk pooling

Pension stakeholders call on feds to remove barriers to longevity risk pooling

Seven major pension stakeholders are urging the federal government to make longevity risk-pooling arrangements  available to Canadians. The group includes the Association of Canadian Pension…

  • By: Staff
  • October 15, 2018 September 13, 2019
  • 09:20
Top 50 DC Plans Report: How plan sponsors can blend DB features into their DC pension plans

Top 50 DC Plans Report: How plan sponsors can blend DB features into their DC pension plans

Imagine there was an option to assemble the ideal retirement savings plan: a pinch of automatic features, a teaspoon of benefits guarantee, a cup of…