Latest news in Governance/legislation

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CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP

As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…

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

An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • November 10, 2023 November 9, 2023
  • 09:00

OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM

The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 09:00

CPP maximum pensionable earnings increasing to $68,500 in 2024

The maximum pensionable earnings under the Canada Pension Plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The employee and employer contribution…

  • By: Staff
  • November 8, 2023 January 2, 2024
  • 09:00

Alberta would need to negotiate international agreements if it quits CPP: Freeland

Federal Finance Minister Chrystia Freeland says if Alberta were to quit the Canada Pension Plan it would require a “complex and multi-year process” of negotiating…

2023 DC Investment Forum: Silver linings for retirement savings, investment trends and younger generations

Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t…

Ontario Infrastructure Bank to leverage public sector pension investments

The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall…

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on Lululemon Athletica Inc.’s win in the Financial wellness category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 09:00

Institutional investors’ class action lawsuits aim to affect corporate governance changes

While many institutional investors participate in class action lawsuits against investee companies to recover assets lost due to malfeasance, others do so to be activists,…

Ontario’s guidance for target-benefit MEPPs undermines incentives for plan sponsors: ACPM

The Ontario Ministry of Finance’s proposed guidance for multi-employer target-benefit pension plans undermines incentives for employers to contribute towards their employees’ retirement savings, including cost certainty,…

  • By: Staff
  • October 30, 2023 November 2, 2023
  • 09:00

Finance ministers to meet on Alberta’s proposal to leave Canada Pension Plan

Finance Minister Chrystia Freeland has agreed to convene a meeting with provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the Canada…

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Trudeau chides Smith for Alberta pension-exit debate, promises to defend stability of CPP

Prime Minister Justin Trudeau entered the Alberta pension-exit debate Wednesday, saying the federal government will fight any threat to the stability of the Canada Pension…

What do historically low interest rates mean for DB pension de-risking?

Climate, cybersecurity risks increasing for federally regulated pension plans: OSFI outlook

Climate and cybersecurity are the leading risk factors concerning Canadian pension plan administrators, according to a pension lawyer. Susan G. Seller, a pension and benefits…

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Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement: report

Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement amid a challenging economy and ageing population, according to a…

  • By: Staff
  • October 19, 2023 October 18, 2023
  • 09:00

2023 Risk Management Conference: Super-priority bill fallout presenting DB plan sponsors with opportunities to embrace more innovative plans

Defined benefit pension plan sponsors that are considering winding up their plans or converting them to another framework following the federal government’s super-priority bill have…

2023 Risk Management Conference: A look at BCI’s transformation from a decentralized to a centralized trading approach

A centralized trading approach forms the backbone of the recently revamped British Columbia Investment Management Corp., offering a more protective process for its stakeholders, according…

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With Ford, GM employees set to join CAAT’s DBplus pension, what’s next for U.S. auto workers?

While U.S. auto workers would like to see their pension plans converted from defined contribution to defined benefit, it may be more challenging than it…

Alberta rules out Quebec pension model despite promise to wait for public feedback

Finance Minister Nate Horner says if Alberta abandons the Canada Pension Plan to run its own stand-alone fund, it will not adopt Quebec’s model, which…

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

An article on the Association of Canadian Pension Management’s response to the Canadian Association of Pension Supervisory Authorities’ draft risk management guideline was the most-read story…

  • By: Staff
  • October 13, 2023 October 12, 2023
  • 09:00

2023 Top 50 DC Plans Report: Unleashing the power of multi-employer pension plans

Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared…

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FSRA pension plan administration guidance requires clarity, consistency, says ACPM

The Financial Services Regulatory Authority of Ontario’s proposed guidance on pension plan administrator roles and responsibilities requires more clarity and consistency, according to the Association…

  • By: Staff
  • October 12, 2023 October 11, 2023
  • 09:00
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67% of asset owners say ESG factors increasingly material to investment policy: survey

Two-thirds (67 per cent) of institutional asset owners believe environmental, social and governance factors have become more material to investment policies in the past five…

  • By: Staff
  • October 6, 2023 October 6, 2023
  • 15:00
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CAPSA pension risk management guideline too divergent, says ACPM

The Canadian Association of Pension Supervisory Authorities’ draft guideline for pension plan risk management covers too many topics and audiences, limiting its practical applicability, according…

  • By: Staff
  • October 6, 2023 October 5, 2023
  • 09:00

Alberta opposition creates counter survey on province’s ‘unicorn’ plan to quit CPP

Alberta’s opposition is launching its own survey on whether the province should leave the Canada Pension Plan, saying the government questionnaire is a “sham” and…

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Alberta deserves more than half CPP assets if it exits program: report

A report commissioned by the Alberta government estimates the province would be entitled to more than half the assets of the Canada Pension Plan if it…