Latest news in Governance/legislation

2022 DBIF coverage: 2023 market insights and DB plan portfolio positioning

Consensus expectations for U.S. inflation and interest rates in 2023 are overly optimistic, said Robert Forsyth, head of SPDR exchange-traded funds strategy and research at…

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

An article on how Canada compares to other countries in terms of its vacation day offering was the most-read story on BenefitsCanada.com over the last…

  • By: Staff
  • December 16, 2022 December 15, 2022
  • 09:00

A look at the latest legal issues around ESG investing

As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound…

  • By: Blake Wolfe
  • December 16, 2022 February 10, 2023
  • 08:57

2022 CAP Suppliers Report: What’s on CAP sponsors’ wish lists for the coming year?

With the coronavirus pandemic and rising inflation causing economic uncertainty, capital accumulation plan sponsors are looking for new ways to help their members feel secure…

  • By: Sadie Janes
  • December 16, 2022 December 15, 2022
  • 08:57

How Möbius Benefit Administrators is asserting pension independence the prairie way

In 2014, Colyn Lowenberger, then the director of pension and disability administration at the City of Regina, heard a knock at his office door —…

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Super-priority pension bill may hasten DB plan closures: expert

A bill currently under consideration by Canada’s senate could hasten the closure of open defined benefit plans, according to Gavin Benjamin, a partner in LifeWorks…

  • By: Staff
  • December 15, 2022 December 15, 2022
  • 13:15
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Super-priority bill a major concern for DB plan sponsors: report

A bill intended to provide defined benefit pension plan members with super-priority should be a major concern for Canadian DB plan sponsors, according to LifeWorks…

  • By: Staff
  • December 13, 2022 December 13, 2022
  • 12:45
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Expert panel: An update on regulatory oversight of pension risk management

In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s…

Biden releasing nearly US$36BN to aid pensions of union workers

U.S. President Joe Biden is announcing the infusion of nearly US$36 billion to shore up a financially troubled union pension plan, preventing severe cuts to…

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

An article on Thomson Reuters’ new vacation policy was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories…

  • By: Staff
  • December 9, 2022 December 8, 2022
  • 09:00
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Expert panel: What does it mean for pension plan members to live separate and apart?

While pension plan administrators know about their plan members’ employment history and salaries, they may not expect to learn much about their personal lives, including how…

OECD report urging policy-makers to consider role of employers in supporting pension growth

Since employers play a key role in supporting pension growth, policy-makers should consider their involvement when implementing pension reforms, according to a new report by…

  • By: Staff
  • December 2, 2022 December 1, 2022
  • 09:00

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

An article on the potential impacts of a pension super-priority bill was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • December 2, 2022 December 1, 2022
  • 09:00
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$13.5BN HSBC Canada Bank acquisition a win for pension plans, says RBC CEO

A deal for the Royal Bank of Canada to absorb HSBC Bank Canada for $13.5 billion is good news for pension plans, said Dave McKay,…

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ACPM calling on feds, CAP sponsors to increase focus on decumulation

The Association of Canadian Pension Management is calling on the federal government and capital accumulation plan sponsors to support members’ financial wellness by focusing on…

  • By: Staff
  • November 30, 2022 November 30, 2022
  • 15:00
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Saskatchewan amending pension legislation to include more decumulation options, solvency reserve funds

The Saskatchewan government is introducing amendments to its pension legislation that provide additional flexibility for plan sponsors and introduce new decumulation options for members of…

  • By: Staff
  • November 28, 2022 November 28, 2022
  • 15:00

Pension super-priority bill passes in House of Commons

A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of…

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

An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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Expert panel: China’s ESG mask slips

Reports that a leading asset manager is delaying the launch of a Chinese bond fund indefinitely are a clear sign that the facade around Chinese…

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Employer’s prior conduct prohibits pension plan amendments, despite collective agreement terms: Ontario court

A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective…

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Expert panel: Can pension administrators deny benefits to plan members who don’t submit proof-of-life forms?

In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00

FSRA releases final pension deregistration guidance

The Financial Services Regulatory Authority of Ontario has released its final pension deregistration guidance, which identifies the documents, information and timeframes that are required under…

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

A look at the landscape for automatic features in Canadian pension plans

Matching employer contributions in capital accumulation plans are as close to free money as employees can legally get. “You’re not changing your risk — because…

How InBenefits is aiming to prove the potential of target-benefit pensions

Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and…