Latest news in Governance/legislation

U.S. institutional investors petition SEC to regulate ESG disclosure

A group of U.S. institutional investors is petitioning the Securities and Exchange Commission to impose an obligation on companies to report on certain prescribed environmental,…

  • By: Staff
  • October 5, 2018 January 13, 2021
  • 09:15
CAPSA must clarify sections on fees in DC guidelines: ACPM

CAPSA must clarify sections on fees in DC guidelines: ACPM

The Association of Canadian Pension Management is weighing in on the Canadian Association of Pension Supervisory Authorities’ consultation on its defined contribution pension plan guideline.…

  • By: Staff
  • October 3, 2018 September 13, 2019
  • 15:00
Lobby group calling on feds to let nuclear workers rejoin public pension

Lobby group calling on feds to let nuclear workers rejoin public pension

The Canadian Alliance of Nuclear Workers is calling on the federal government to allow employees to remain members of the public service defined benefit pension plan.…

Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians should have the option of pure longevity insurance and the government should facilitate Canadian insurers’ ability to offer it, according to a new…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 10:28

CAPSA’s proposed DC pension guideline requires further clarification: CLHIA

While the Canadian Life and Health Insurance Association generally supports the Canadian Association of Pension Supervisory Authorities’ proposed guideline on defined contribution pension plans, certain areas require further clarification.…

  • By: Staff
  • September 12, 2018 September 13, 2019
  • 09:00
Canada rises two spots in global retirement index: report

Canada rises two spots in global retirement index: report

Canada rose two spots to No. 9 among 43 countries in Natixis Investment Managers’ 2018 global retirement index. The modest rise in Canada’s ranking is…

FSCO publishes chart with five scenarios under new DB pension funding regime

FSCO publishes chart with five scenarios under new DB pension funding regime

In response to its new defined benefit pension funding regime, the Financial Services Commission of Ontario has developed a chart illustrating the rules applicable in five…

  • By: Staff
  • August 30, 2018 September 13, 2019
  • 09:20
Proposed federal regime for unclaimed pension balances flawed: CLHIA

Proposed federal regime for unclaimed pension balances flawed: CLHIA

The federal government’s proposed framework for unclaimed pension balances is fundamentally flawed, according to the Canadian Life and Health Insurance Association. In a letter to…

  • By: Staff
  • August 29, 2018 September 13, 2019
  • 09:30
Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Three years ago, the Alberta Pensions Services Corp. was facing a bitter fact. Though one of our key corporate goals is to begin paying benefits…

How are retirement solutions affected by wealthier Canadians living longer?

How are retirement solutions affected by wealthier Canadians living longer?

While Canadians’ increasing longevity has been a growing issue for pension plans and providers alike, its effect on quality of living can vary significantly across income…

  • By: Staff
  • August 24, 2018 September 13, 2019
  • 09:00
PIAC reasserts unclaimed balance regime as solution to missing pension members

PIAC reasserts unclaimed balance regime as solution to missing pension members

The Pension Investment Association of Canada has submitted its comments on the federal government’s unclaimed pension balances framework, noting the solution to the problem is the…

  • By: Staff
  • August 17, 2018 September 13, 2019
  • 16:00
Governance lessons from B.C.’s public sector pension plans

Governance lessons from B.C.’s public sector pension plans

While retirement income security is top of mind for many Canadians, British Columbia’s public sector pension plans are noteworthy models that can be emulated by sponsors…

  • August 15, 2018 September 13, 2019
  • 08:00
Pharmacare, flexible annuity options top CLHIA’s wish list for 2019 federal budget

Pharmacare, flexible annuity options top CLHIA’s wish list for 2019 federal budget

Pharmacare and flexible annuity options top the Canadian Life and Health Insurance Association’s list of recommendations for the upcoming 2019 federal budget. In its submission, the…

  • By: Staff
  • August 10, 2018 September 13, 2019
  • 09:05
DC plan sponsors’ wish list for legal protections supporting decumulation offerings

DC plan sponsors’ wish list for legal protections supporting decumulation offerings

Even as regulators move to expand decumulation options for Canadians in defined contribution pension plans, the degree to which employers will actually adopt the solutions…

A road map to clarity on the multi-employer pension plan promise

A road map to clarity on the multi-employer pension plan promise

While there are nuances, I consider a target-benefit plan to be one that determines benefits to members on a defined benefit basis while setting out…

  • By: Joe Nunes
  • August 10, 2018 September 13, 2019
  • 08:53

CAPSA consulting on variable benefits, fee disclosure in DC plans

The Canadian Association of Pension Supervisory Authorities’ latest consultation is seeking feedback on amendments to its guideline No. 8 for defined contribution pension plans, focusing on considerations around…

  • By: Staff
  • August 7, 2018 September 13, 2019
  • 09:00
Reimbursing benefits key unresolved issue for Veterans Affairs, says report card

Reimbursing benefits key unresolved issue for Veterans Affairs, says report card

Reimbursing benefits, accessing dental plans and designating death benefit beneficiaries are among the most important unresolved issues from a decade of recommendations by Veterans Affairs…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 15:25
Unclaimed balance regimes offer solution to missing pension members: PIAC

Unclaimed balance regimes offer solution to missing pension members: PIAC

The real solution for missing pension plan members is the establishment of a regime that allows plan sponsors to turn over unclaimed balances to a public…

  • By: Staff
  • July 26, 2018 September 13, 2019
  • 16:00
Government looks to AI to speed up CPP disability benefits

Government looks to AI to speed up CPP disability benefits

Federal officials overseeing billions in benefit payments to millions of Canadians are hoping artificial intelligence can resolve ongoing snags in the system. The government is…

Majority of Ontario small employers want CPP hike scrapped, delayed: survey

Majority of Ontario small employers want CPP hike scrapped, delayed: survey

The majority of small business owners in Ontario want the government to scrap or delay the Canada Pension Plan enhancements, according to a new survey by…

  • By: Staff
  • July 25, 2018 September 13, 2019
  • 16:00
Tips for meeting CAPSA’s pension governance guidelines: Part II

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

This series of articles examines some actionable ideas to help plan administrators meet the Canadian Association of Pension Supervisory Authorities’ guideline No. 4. Following on from the…

Use caution when changing benefits to account for CPP enhancements, report warns

Use caution when changing benefits to account for CPP enhancements, report warns

As the average income replacement rate for capital accumulation plans continues to trend downwards, can employers mitigate this movement with the Canada Pension Plan’s incoming…

  • By: Staff
  • July 23, 2018 September 13, 2019
  • 16:15
Alberta common-law couples can now divide pensions upon separation

Alberta common-law couples can now divide pensions upon separation

Until recently, Alberta common-law couples that were splitting up couldn’t divide their pension assets, even if both parties wanted to. This changed in April 2018,…

National Pension Hub awards funding to three research projects

The National Pension Hub is awarding funding to three research projects, focusing on themes like portfolio construction and plan design. The hub, which the Global…

  • By: Staff
  • July 12, 2018 September 13, 2019
  • 16:00
Increase to OAS benefits takes effect July 1

Increase to OAS benefits takes effect July 1

The federal government has increased the old-age security benefit by 1.2 per cent as of July 1. The change means a single senior receiving OAS…

  • By: Staff
  • July 3, 2018 September 13, 2019
  • 16:00