Latest news in Governance/legislation

2023 GIC coverage: Improving Canadians access to pensions

In his session at the 2023 Global Investment Conference, Derek Dobson, the Colleges of Applied Arts and Technology pension plan’s chief executive officer, called back…

More than 20 U.K. pension organizations forming coalition to tackle pension inequalities

More than 20 U.K. pension organizations are forming an industry coalition to tackle pension inequalities. The Pensions Equity Group aims to increase the number of people…

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

An article on Amazon Canada’s ‘Dogs at Work’ program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • June 2, 2023 June 1, 2023
  • 09:00

Why are individual pension plans poorly understood by the pension sector?

While individual pension plans have been around since 1991, they aren’t being widely used by the people they’re designed to help and remain poorly understood…

ACPM urging Retraite Québec to increase flexibility in funding municipal, university DB pension plans

The Association of Canadian Pension Management is urging Retraite Québec to provide additional flexibility in the funding of municipal and university defined benefit pension plans. In…

  • By: Staff
  • May 29, 2023 May 29, 2023
  • 09:00
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Cyber attack compromises U.K. pension plan members’ personal information

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the…

  • By: Staff
  • May 25, 2023 May 25, 2023
  • 12:30

Wells Fargo agrees to pay $1BN to public retirement plan members to settle class action lawsuit

Wells Fargo has agreed to a pay US$1 billion to settle a lawsuit filed by its two public sector pension plans who alleged the bank…

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Manitoba, NL formally join multi-jurisdictional pension plan agreement

Manitoba and Newfoundland and Labrador have officially ratified an agreement on multi-jurisdictional pension plans, which will come into effect on July 1.  In March, the…

  • By: Staff
  • May 16, 2023 May 16, 2023
  • 12:30
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Expert panel: How DB pension plan sponsors can use surplus

In 2022, the typical defined benefit pension plan achieved an investment return of roughly negative 12 per cent. However, due to dramatic increases in bond…

2022 Pension Leadership Awards winners announced

The Canadian Investment Review is proud to announce the winners of the third annual Pension Leadership Awards. The winners are: Investment Officer of the Year Award: Duncan…

  • By: Staff
  • May 16, 2023 June 6, 2023
  • 08:00
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Top 5 HR, benefits, pension and investment stories of the week

A pair of surveys on the state of Canadian workers’ mental health were among the most-read stories on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • May 12, 2023 May 11, 2023
  • 09:00

Canada’s lasting influence on Arizona’s public sector pension investor

There’s something about the Arizona State Retirement System — a US$49.3-billion defined benefit-like hybrid pension plan for the state’s 600,000 current and former public sector…

Coverage of the 2023 DC Plan Summit

At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought…

2023 DC Plan Summit: How Australia, the U.S. are tackling decumulation challenges

While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent…

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Canadian DB pension plan assets rise 1.9% in April: report

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:00

Expert panel: What does Canadian pension legislation say about polyamory?

In December 2022, the Supreme Court of Justice of Colombia released an unexpected decision: two men, who had been in a polyamorous relationship with a…

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Imperial Oil shareholders reject ESG proposals from Bâtirente, BCI

Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the…

  • By: Staff
  • May 9, 2023 May 10, 2023
  • 12:30
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Controversial super-priority pension bill receives royal assent

A controversial law giving super-priority to defined benefit pension plan members during plan windups and insolvencies is coming into effect after receiving royal assent from…

ACPM urging Retraite Québec to streamline approach to actuarial solvency valuations

The Association of Canadian Pension Management is urging Retraite Québec to streamline its approach to actuarial solvency valuations for pension plans with members outside of…

  • By: Staff
  • April 26, 2023 April 26, 2023
  • 09:00

Canadian employee ownership trust model missing incentives for companies: expert

As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow…

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How will crypto disclosure rules impact federally regulated pension plans?

In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of…

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Changes to QPP allowing flexibility on pension contributions, retirement age: expert

Recent amendments to the Quebec Pension Plan to encourage people to work past age 65 offer more flexibility on contributions and retirement age, says Bonnie-Jeanne MacDonald,…

McCarthy Tétrault appointing Susan Nickerson as head of pensions, benefits, executive compensation

McCarthy Tétrault LLP is appointing Susan Nickerson as partner and head of its pensions, benefits and executive compensation group. Prior to joining McCarthy Tétrault, she…

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