Latest news in Governance/legislation

No room for excuses on new GST/HST tax filings

The pieces to the GST/HST puzzle for trustees and sponsors of registered pension plans and other employee benefits plans are now all out of the…

  • By: Greg Hurst
  • June 3, 2011 September 13, 2019
  • 11:02
Overcoming employee apathy

Overcoming employee apathy

For some employers, getting employees to formulate a financial plan for retirement is much like leading a horse to water. You can’t make employees plan…

Indalex case: protection of underfunded pension entitlements

Indalex case: protection of underfunded pension entitlements

The treatment and protection of members’ accrued pensions in an underfunded DB pension plan following the insolvency of the plan sponsor has been the subject…

An IFRS checklist for pension plans

An IFRS checklist for pension plans

As of January, International Financial Reporting Standards (IFRS) are in effect for publicly traded Canadian companies. What’s pertinent to DB plans and other post-retirement benefits…

How to deal with excessive risk concentration

How to deal with excessive risk concentration

In my previous column, Examining portfolio risk, we discussed ex-ante risk, ex-post risk and how both measures can provide greater understanding of portfolio risk. In…

Layton pushes for pension reform

Layton pushes for pension reform

Jack Layton wants provincial premiers onside as his New Democrats use their new-found status in Parliament to push for strengthened public pensions. The newly minted…

Pension legislation changes come into force July 1

Pension legislation changes come into force July 1

As of July 1, more amendments to the Pension Benefits Standards Act, 1985 contained in Bill C-9 will come into force. These will apply to…

  • By: Staff
  • May 6, 2011 September 13, 2019
  • 11:27
Chief actuary releases CPP review panel findings

Chief actuary releases CPP review panel findings

The Office of the Chief Actuary (OCA) of Canada has released the findings of an external peer review panel commissioned to review the 25th Actuarial…

  • By: Staff
  • May 5, 2011 September 13, 2019
  • 10:56

Making money out of mergers and acquisitions

Merger and acquisition (M&A) activity is a cyclical business, and, after the meltdown and liquidity issues of 2008, it has been in a trough, to…

Towers Watson pension data shows small gains

Towers Watson pension data shows small gains

Pension funding levels at large companies improved modestly at the end of last year, largely due to the moderate stock market gains and employer contributions.…

  • By: Staff
  • May 2, 2011 September 13, 2019
  • 13:52
DB not affordable anymore: Hamilton

DB not affordable anymore: Hamilton

Pensions are inextricably tied to the economy, said Malcolm Hamilton, an actuary with Mercer (Canada) Ltd., speaking recently in Toronto at the Association of Canadian…

Portability, auto-enrollment keys to PRPP success

Portability, auto-enrollment keys to PRPP success

The federal government’s December 2010 announcement of the pooled retirement pension plan (PRPP) arrangement has been the most significant piece of pension reform introduced in…

  • By: Neil Faba
  • May 2, 2011 September 13, 2019
  • 09:30
Pensions: Travelling the long, winding M&A road

Pensions: Travelling the long, winding M&A road

With the credit and economic turmoil of 2008 and 2009 now well behind us and the flurry of merger and acquisition (M&A) activity at the…

PRPPs: Not a silver bullet

PRPPs: Not a silver bullet

The Framework for Pooled Registered Pension Plans, released by the Department of Finance in December 2010, suggests that the introduction of pooled registered pension plans…

What’s your party’s pension reform agenda

What’s your party’s pension reform agenda

As I write this, the first federal election campaign of 2011 is entering the home stretch. I say “first,” because the discordant tenor of the…

  • By: Greg Hurst
  • April 28, 2011 September 13, 2019
  • 09:40
Provincial and federal pension reforms – simplified

Provincial and federal pension reforms – simplified

Pensions are politically difficult, said Peggy McCallum, a partner with Fasken Martineau DuMoulin LLP, speaking at the Association of Canadian Pension Management’s spring session, Checking…

Infrastructure financing improving

Infrastructure financing improving

The current state of infrastructure in Canada and its future development compare favourably with the rest of the world. An expert panel at the recent…

The results of blurred lines in pension administration

The results of blurred lines in pension administration

The recent Ontario Court of Appeal decision in the Ault v. Canada (Attorney General) case serves as a reminder to pension service providers that they…

Peter Bethlenfalvy joins Manulife

Peter Bethlenfalvy joins Manulife

Peter Bethlenfalvy has joined Manulife Financial in the role of senior vice-president, financial regulations. He will be responsible for strategy and monitoring of financial regulatory…

  • By: Staff
  • April 19, 2011 September 13, 2019
  • 11:49
Ontario pension reform explained

Ontario pension reform explained

Two recent bills introduced in Ontario put forward some important changes to the more than 8,000 employee pension plans regulated by the province. A webinar…

  • By: Neil Faba
  • April 18, 2011 September 13, 2019
  • 13:57
Solvency relief for public sector pensions: Ontario

Solvency relief for public sector pensions: Ontario

On Feb.10, 2011, Ontario released details on Proposed 2011 Solvency Relief, measures that would provide temporary solvency funding relief for eligible public sector and broader…

No jail for pension fraudster

No jail for pension fraudster

A Winnipeg man who collected more than $80,000 from his dead mother’s pension payments has been given a suspended sentence. Government pension payments from both…

  • By: Staff
  • April 15, 2011 September 13, 2019
  • 11:38
Get employees to take action: make a culture shift

Get employees to take action: make a culture shift

Every year, the pension industry conducts research that measures how engaged participants are in their retirement plans. Despite tremendous efforts by plan sponsors to educate…

Caisse reports strong single-year gain

Caisse reports strong single-year gain

The Caisse de dépôt et placement du Québec reported a 13.6% return in its annual report for fiscal 2010, which was released today. “I am…

  • By: Neil Faba
  • April 13, 2011 September 13, 2019
  • 11:49
CPPIB partners in $350 million investment

CPPIB partners in $350 million investment

Warburg Pincus, the Canada Pension Plan Investment Board (CPPIB) and KERN Partners have agreed to invest up to $350 million in Black Swan Energy Ltd.,…

  • By: Staff
  • April 12, 2011 September 13, 2019
  • 10:35