Latest news in Governance/legislation

How to avoid legal liability for benefits communications

How to avoid legal liability for benefits communications

If your job description includes responsibility for communicating pensions and benefits to fellow employees, then you’ll already know that with each new communication comes potential…

  • July 21, 2016 September 13, 2019
  • 09:30
Survey ranks Canada 10th for retirement security

Survey ranks Canada 10th for retirement security

Canada ranks 10th in a list of countries that provide the best retirement security, according to the latest global retirement index published today by Natixis…

  • By: Jann Lee
  • July 19, 2016 September 13, 2019
  • 09:00
When to tap into CPP and OAS benefits

When to tap into CPP and OAS benefits

When you reach the cusp of retirement, you’re no doubt aware the Canada Pension Plan and Old Age Security provide much of the financial bedrock…

  • By: David Aston
  • July 18, 2016 September 13, 2019
  • 10:18
CPP expansion will do little to boost rate of return: report

CPP expansion will do little to boost rate of return: report

The expanded Canadian Pension Plan will bring only a slightly higher rate of return for retirees — 2.5 per cent in the expanded plan compared…

  • By: Jann Lee
  • July 14, 2016 September 13, 2019
  • 11:58
U.S. proposes modernizing annual return forms for pensions and benefits plans

U.S. proposes modernizing annual return forms for pensions and benefits plans

The U.S. Department of Labor, the Internal Revenue Service and the Pension Benefit Guaranty Corporation are seeking public comments on proposed revisions to modernize and…

  • By: Staff
  • July 14, 2016 September 13, 2019
  • 09:14
Pension regulatory reform on the agenda as Ontario considers experts’ recommendations

Pension regulatory reform on the agenda as Ontario considers experts’ recommendations

More rule-making powers for a new regulator touted in a recent report to take over the duties of the Financial Services Commission of Ontario should…

IBM ordered to pay $23M to staff in connection to pension change

IBM ordered to pay $23M to staff in connection to pension change

IBM has been ordered to pay more than $23 million to 451 active and retired employees of its plant in Bromont, Que., a decade after…

Manitoba joins other provinces in efforts to reform CPP

Manitoba joins other provinces in efforts to reform CPP

Manitoba has joined the other provinces in working towards enhancing the Canada Pension Plan, though Premier Brian Pallister said the province’s agreement with the federal…

  • By: Staff
  • July 8, 2016 September 13, 2019
  • 09:59
What are U.S. pension plan sponsors’ top concerns?

What are U.S. pension plan sponsors’ top concerns?

Investment volatility (52 per cent), retirement benefit costs (49 per cent) and regulatory compliance (47 per cent) are U.S. employers’ top three concerns now and for…

  • By: Staff
  • July 8, 2016 September 13, 2019
  • 09:17
Ontario establishes new body to manage public pensions, investment funds

Ontario establishes new body to manage public pensions, investment funds

The Ontario government has established the Investment Management Corp. of Ontario in an effort to improve the management of public sector pensions and other investment…

  • By: Staff
  • July 6, 2016 September 13, 2019
  • 14:06
Small business calls on governments to delay CPP deal

Small business calls on governments to delay CPP deal

As the July 15 deadline for provincial leaders to commit to an expanded Canada Pension Plan approaches, the Canadian Federation of Independent Business is calling…

  • By: Staff
  • July 6, 2016 September 13, 2019
  • 10:27
Update to 10% pension investment rule to come July 1

Update to 10% pension investment rule to come July 1

Amendments to the Pension Benefits Standards Act take effect on July 1, including an update to the 10 per cent rule for investments and regulations…

Pensioners suffer a blow as judge rules on Co-op Atlantic restructuring

Pensioners suffer a blow as judge rules on Co-op Atlantic restructuring

Pensioners of a New Brunswick co-operative have suffered a blow as legal wranglings continue over the fate of pensions at several Canadian companies. In Moncton,…

Manitoba wants CPP deal to go even further

Manitoba wants CPP deal to go even further

Manitoba has proposed a series of enhancements to the Canada Pension Plan agreement that it believes would make the CPP “more responsive to the realities…

  • By: Staff
  • June 28, 2016 September 13, 2019
  • 08:27
Canada and four provinces sign PRPP agreement

Canada and four provinces sign PRPP agreement

Canada, British Columbia, Nova Scotia, Quebec and Saskatchewan have signed a multilateral agreement on pooled registered pension plans and voluntary retirement savings plans which came…

  • By: Staff
  • June 27, 2016 September 13, 2019
  • 09:43
Three reasons to talk to your employees about CPP expansion

Three reasons to talk to your employees about CPP expansion

Is it your job as a plan sponsor to educate your employees about the Canada Pension Plan expansion? Most employers will consider it the federal…

Have your say: Do you like the new CPP deal?

Have your say: Do you like the new CPP deal?

Critics say premium increases will hurt businesses, paycheques and the economy. Proponents say Canada Pension Plan enhancement will provide a needed and affordable boost to…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 16:50
Feds confirm $250M price tag for CPP deal as premium details released

Feds confirm $250M price tag for CPP deal as premium details released

Expanding the working income tax benefit to offset increased Canada Pension Plan premiums for low-income workers will cost the federal government $250 million per year,…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 10:59
Ottawa, Ontario review costs from CPP expansion

Ottawa, Ontario review costs from CPP expansion

While the Canada Pension Plan deal has effectively cancelled the Ontario Retirement Pension Plan, the provincial Liberal party is still tallying up its total costs…

Copyright_alekstaurus_123RF

‘Exciting time for retirement’ as CPP deal signals premium boost to 5.95%

Ottawa has reached an agreement in principle with most of the provinces to expand the Canada Pension Plan for the first time in nearly 20…

Despite complexities, expanded CPP the right call

Now that the finance ministers have reached an agreement on Canada Pension Plan expansion, you’d think we could all breathe a sigh of relief and…

Beware the legal risks of providing financial advice to staff

Beware the legal risks of providing financial advice to staff

Once Canadians have graduated from high school or postsecondary education, there isn’t really a formal environment that supports and facilitates group learning around issues like…

Clear objectives, transparency key to ensuring pension plan sustainability

Clear objectives, transparency key to ensuring pension plan sustainability

Much like the Greek philosopher Diogenes of Sinope and his search for an honest man, pension plan stakeholders have been seeking a sustainable plan design…

What are the legal risks of CAPSA’s projected account balance guideline?

What are the legal risks of CAPSA’s projected account balance guideline?

One sure way for sponsors of defined contribution pension plans to attract the attention of class action lawyers is to tell members what the value…

58% of Canadians favour CPP expansion: poll

58% of Canadians favour CPP expansion: poll

A majority (58 per cent) of Canadians are in favour of a moderate expansion to the Canada Pension Plan and Quebec Pension Plan, according to…

  • By: Staff
  • June 20, 2016 September 13, 2019
  • 13:15