Latest news in Governance/legislation

7 cases that have shaped the industry

7 cases that have shaped the industry

Download the Pension and Benefits Legal Directory Over the last two decades, the pension and benefits industry has had its share of legal issues. Following…

  • By: Sonya Felix
  • February 16, 2011 September 13, 2019
  • 14:25
Cultivating a custodial relationship

Cultivating a custodial relationship

Failure to select a custodial partner, with capabilities aligned with the current and future objectives of the fund, can result in a significant drain on…

Piecing together effective trustee communication

Piecing together effective trustee communication

Over the past decade, defined benefit (DB) pension investment has changed dramatically in nearly every way but one—plan governance still means trustees are responsible for…

Pension reform: did we ask the right questions?

Pension reform: did we ask the right questions?

After nearly five years of expert panels, white papers and public consultations there is a sense that the current wave of pension reform is winding…

Survey says majority support CPP increase

Survey says majority support CPP increase

A new survey conducted by Environics survey conducted for the Canadian Union of Public Employees shows that proposals to expand the Canada Pension Plan (CPP)…

  • By: Staff
  • February 1, 2011 September 13, 2019
  • 15:09

OSFI releases new Intervention Guide

The Office of the Superintendent of Financial Institutions (OSFI) has issued its Intervention Guide for Federally Regulated Private Pension Plans. This is the first time…

Building accountability into the PRPP framework

Building accountability into the PRPP framework

It has been a month since Canada’s finance ministers emerged from their Kananaskis, Alta. meeting and announced agreement on moving forward with the pooled registered…

  • By: Greg Hurst
  • January 21, 2011 September 13, 2019
  • 14:38
Who killed CPP reform? CLC asks

Who killed CPP reform? CLC asks

The Canadian Labour Congress (CLC) is looking for the culprits that stymied the enhancements to the Canada Pension Plan (CPP). The CLC publicly announced that…

A cautionary tale of conversion

Plan sponsors looking to convert from a defined benefit (DB) pension plan to a defined contribution (DC) plan should review the Alberta Court of Appeal…

  • By: Jana Steele
  • January 19, 2011 September 13, 2019
  • 14:22
Tracking the progress of Canada’s pension and benefits bills

Tracking the progress of Canada’s pension and benefits bills

On the heels of recent high-profile pension insolvencies such as Nortel, a patchwork of confused and ill-conceived remedial legislation in 2010 is at various stages…

Nortel: pension gains, benefits pains

Nortel: pension gains, benefits pains

The Ontario government has changed its mind and now intends to give ex-Nortel employees the choice to opt out of a windup plan for their…

  • By: Staff
  • January 4, 2011 September 13, 2019
  • 13:00
Supreme Court’s HBC ruling explained

Supreme Court’s HBC ruling explained

In the recent Burke v. Hudson’s Bay Co. decision, the Supreme Court of Canada (SCC) held that plan members who were transferred to a successor…

  • By: Paul Litner
  • December 29, 2010 September 13, 2019
  • 12:42
Ministers agree on PRPPs, CPP expansion on hold

Ministers agree on PRPPs, CPP expansion on hold

Finance Minister Jim Flaherty has announced that the provinces and federal government came to an agreement during yesterday’s meeting in Kananaskis, Alta., to move ahead…

CPP enhancements off the table?

CPP enhancements off the table?

Federal Finance Minister Jim Flaherty appears set to discard the option of enhancing the Canada Pension Plan, heading into the meeting with his provincial counterparts…

  • By: Staff
  • December 20, 2010 September 13, 2019
  • 11:17
Policy-makers’ positions on pension reform

Policy-makers’ positions on pension reform

Each major political party was asked to outline their stance on pension reform and expanding pension coverage for Canadians. Here’s what they said. Green Party…

  • By: Staff
  • December 17, 2010 September 13, 2019
  • 15:09
Flaherty calls for pooled registered pension plans

Flaherty calls for pooled registered pension plans

Only days before federal and provincial finance ministers converge in Kananaskis, Alta., Finance Minister Jim Flaherty has released a draft framework for pooled registered pension…

CPP and pension reform: piecing together Canada’s pension puzzle

CPP and pension reform: piecing together Canada’s pension puzzle

There are no end to the opinions of what needs to be done to better our current pension system. Although it’s been talked about for…

  • By: Staff
  • December 17, 2010 September 13, 2019
  • 15:01
Saskatchewan’s new pension plan – Canada’s first PRPP?

Saskatchewan’s new pension plan – Canada’s first PRPP?

Little more than a week ahead of the upcoming Kananaskis, Alta., meeting—while the rest of Canada’s finance ministers search for that most elusive of creatures…

  • By: Greg Hurst
  • December 17, 2010 September 13, 2019
  • 10:09
Getting it right

Getting it right

In Ontario, government programs guarantee single seniors an income $16,200 per annum, after tax. Couples get $26,300. In Canada, poverty rates for seniors are among…

Pension innovation: private sector solutions

Pension innovation: private sector solutions

At their meeting in Prince Edward Island in June 2010, federal, provincial and territorial finance ministers decided to pursue three areas relating to pensions, one…

Ottawa seeks volatility buffer for federal pensions

Ottawa seeks volatility buffer for federal pensions

The federal government has proposed changes to rules governing federally supervised private pension plans to make them less sensitive to financial market volatility, Reuters reports.…

  • By: Staff
  • December 15, 2010 September 13, 2019
  • 11:46
CFIB urges ministers to look at alternatives to CPP increases

CFIB urges ministers to look at alternatives to CPP increases

In preparation for the December 20 meeting of federal, provincial and territorial finance ministers, The Canadian Federation of Independent Business (CFIB) is asking the government…

  • By: Staff
  • December 14, 2010 September 13, 2019
  • 00:00
Expect changes for the Saskatchewan plan

Expect changes for the Saskatchewan plan

Federal Minister of Finance Jim Flaherty and Saskatchewan’s Deputy Premier and Finance Minister Ken Krawetz, have released draft legislative amendments to accommodate changes to the…

  • By: Staff
  • December 9, 2010 September 13, 2019
  • 00:00
John Solursh wins Lifetime Achievement Award

John Solursh wins Lifetime Achievement Award

How, exactly, does one get into pension law? John Solursh, partner emeritus in the pension and employee benefits group at Blake, Cassels & Graydon LLP…

How might you invest your DB plan in the future?

Towers Watson recently held its annual U.K. client conference, bringing together clients, consultants and money managers to discuss topical issues. Delivered through a case-study environment,…

  • November 30, 2010 September 13, 2019
  • 00:00