Latest news in Governance/legislation

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Private member’s bill prohibiting certain CPPIB investments survives first reading

A private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments survived its first reading in the House of Commons. Bill…

  • By: Staff
  • February 27, 2023 February 27, 2023
  • 15:00

DB pension plans with overlay strategies finding flexibility after OSFI’s going-concern discount rate clarification: expert

Defined benefit pension plan sponsors using overlay strategies will gain more flexibility amid rising inflation now that the Office of the Superintendent of Financial Institutions…

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

The Federal Court’s ruling that the termination of long-term disability benefits for Air Canada employees eligible to receive unreduced pension benefits doesn’t amount to age…

  • By: Staff
  • February 24, 2023 February 24, 2023
  • 09:00

Termination of LTD benefits for Air Canada workers eligible to receive unreduced pension benefits doesn’t amount to age discrimination: court

The Federal Court has ruled that the termination of long-term disability benefits for employees who become eligible to receive unreduced pension benefits doesn’t amount to…

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Lack of viable alternatives to pension super-priority bill likely to ensure its passage, says pensioner association

A bill that would give super-priority to defined benefit pension plan members during plan windups and insolvencies is likely to be passed by the senate…

ACPM calling on feds to streamline pension overpayment recovery

PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission

The Pension and Investment Association of Canada is calling on the federal government to establish a going-concern plus regime as a long-term minimum funding requirement for…

  • By: Staff
  • February 15, 2023 January 17, 2024
  • 09:00
ESG influencing company strategy, increasing oil market vulnerability: reports

Pension plans among shareholders suing Shell board over climate strategy

Several European pension plans are backing a lawsuit against Shell Corp. alleging its board is mismanaging climate risk and breaching company law. The lawsuit, launched…

  • By: Staff
  • February 14, 2023 February 13, 2023
  • 11:30
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Clear, consistent guidelines required for integrating sustainability in investment decisions in Canada: report

Canada requires clear, consistent guidance on the integration and reporting of sustainability factors into investment decisions, according to a new report from the United Nations-based…

  • By: Staff
  • February 14, 2023 February 13, 2023
  • 09:00
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Converting private sector pension plans to public sector model would yield lifetime income for retirees: expert

Private sector pension plans could realize higher rates of return and produce lifetime income if they followed a model similar to their public sector counterparts,…

Pension super-priority bill, real return bond cancellation top priorities for PIAC in 2023: new chair

The Pension Investment Association of Canada is prioritizing the protection of employment-based pension coverage in 2023. “Our members are concerned that well-intentioned regulatory changes, such…

OSFI launching consultation on climate change risks to pensions, financial institutions

More work to be done by pension plan sponsors on factoring climate into mortality, morbidity assumptions: CIA

While it’s common practice for pension plan sponsors to factor climate risk into investment strategies, there’s more work to be done on factoring climate change…

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

An article on how British Columbia’s amended definition of provision for adverse deviation will impact the province’s target-benefit pension plans was the most-read story on…

  • By: Staff
  • January 27, 2023 January 26, 2023
  • 09:00
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B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts

British Columbia’s amended definition of provision for adverse deviation will provide additional flexibility to the province’s target-benefit pension plans, according to experts. The changes to…

2022 IIC coverage: The role of innovation in high-yield corporate bonds

“There’s been some tremendous innovation in fixed income markets, especially in the last decade. Technology has made transparency and liquidity blossom in areas that have…

2022 IIC coverage: Protecting technology infrastructure critical for institutional investors

The most important asset in the world is people’s personal information because every piece of data that we provide to the internet through social media…

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

An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here…

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

New U.S. pension law strengthening retirement savings for workers

A new U.S. law that aims to strengthen retirement support for workers holds valuable lessons for Canada’s retirement system, says one pension consultant. The Secure…

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French government pursues pension reforms despite protests, political opposition

The French government’s plans to reform the national pension system have been met by widespread protest. Elisabeth Borne, France’s prime minister, unveiled plans to raise…

Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers

While many Alberta employers say they’d be disadvantaged if the province left the Canada Pension Plan, one expert says a provincial pension plan could benefit…

ACPM’s top priority for 2023 is amending, blocking passage of pension super-priority bill

The Association of Canadian Pension Management’s top priority in 2023 is convincing Canada’s senate to amend or block the passage of Bill C-228, according to…

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Expert panel: DB pension plan sponsors facing challenges, opportunities in 2023

Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors…

My Take: Tackling decumulation today will lead to retirement-ready workers tomorrow

For some Canadians, the term pension may still conjure images of a secure stash of money guaranteed to ensure a comfortable lifestyle in retirement. I…

Top 10 HR, benefits, pension and investment stories of 2022

Amid the lingering coronavirus pandemic, vaccination policies and paid sick leave were top of mind among Benefits Canada’s readers in 2022. However, stories about new…

  • By: Staff
  • December 23, 2022 December 22, 2022
  • 09:00

Ontario tribunal determines employer entitled to $320K pension surplus

The Financial Services Tribunal of Ontario has awarded an employer with a $320,000 pension surplus, despite the plan’s trust agreements’ silence as to surplus entitlement.…

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Expert panel: Does Canada need a pension champion?

In the Expert Commission on Pensions’ 2008 review of Ontario’s pension system, it recommended an agency or unit of the provincial government serve as a…