Search Results for “pooled registered pension plan” – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 29 Apr 2024 17:56:24 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 ACPM focusing on VPLA policy, ESG investment standards in 2024 https://www.benefitscanada.com/pensions/governance-law/acpm-focusing-on-vpla-policy-esg-investment-standards-in-2024/ Wed, 31 Jan 2024 14:00:23 +0000 https://www.benefitscanada.com/?p=150020 In the coming year, the Association of Canadian Pension Management is looking forward to the possibility of participating in final consultations on policies and legislation determining variable payment life annuities, says Todd Saulnier, a principal at Mercer and president of the ACPM board. The 2023 federal budget proposed amendments to the Pension Benefits Standards Act, 1985 […]

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]]> PIAC asking B.C. to refrain from limiting entities that can offer variable life benefits https://www.benefitscanada.com/pensions/governance-law/piac-asking-bc-to-refrain-from-limiting-entities-that-can-offer-variable-life-benefits/ Wed, 24 Jan 2024 14:00:03 +0000 https://www.benefitscanada.com/?p=151019 The Pension Investments Association of Canada is calling on the British Columbia government to refrain from setting limits on the type of entities that can offer variable life benefits. In an open letter, the association said a competitive landscape that includes a broad scope of service providers, including registered pension plans, would be beneficial for retirees, noting […]

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]]> Editorial: Weighing the benefits of participation in a multi-employer pension plan https://www.benefitscanada.com/archives_/benefits-canada-archive/editorial-weighing-the-benefits-of-participation-in-a-multi-employer-pension-plan/ Fri, 13 Oct 2023 12:59:45 +0000 https://www.benefitscanada.com/?p=144938 Whether it’s in the magazine, on the website or at our various defined contribution pension plan events, Benefits Canada is regularly writing about how DC plans are evolving. The pension industry has come a very long way in the last few decades. When my parents began their working lives in the early 1970s, they both had defined […]

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]]> 2023 Top 50 DC Plans Report: Unleashing the power of multi-employer pension plans https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-top-50-dc-plans-report-unleashing-the-power-of-multi-employer-pension-plans/ Fri, 13 Oct 2023 12:56:31 +0000 https://www.benefitscanada.com/?p=144944 Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared risk, rather than shouldering financial ambiguity alone. Celebrated for their pooled assets and shared risk, multi-employer pension plans are gaining traction. Tami Dove, director of member experience at the Co-operative […]

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]]> ACPM urging feds to retain definition of DB provision, expand PRPP access https://www.benefitscanada.com/pensions/governance-law/acpm-urging-feds-to-retain-definition-of-db-provision-expand-prpp-access/ Mon, 26 Jun 2023 13:00:51 +0000 https://www.benefitscanada.com/?p=140270 The Association of Canadian Pension Management is asking the federal government to consider changes in proposed amendments to the Pension Benefits Standards Act and Pooled Registered Pension Plans Act, including retaining the definition of defined benefit provision and expanding access to pooled registered pension plans. In an open letter, the ACPM noted the government’s proposed […]

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]]> Amendment to Manitoba pension legislation providing flexibility for beneficiary designation https://www.benefitscanada.com/pensions/governance-law/amendment-to-manitoba-pension-legislation-providing-flexibility-for-beneficiary-designation/ Thu, 08 Jun 2023 13:00:55 +0000 https://www.benefitscanada.com/?p=139525 An amendment to Manitoba’s Beneficiary Designation Act allows a pension plan member’s legal representative to now make a beneficiary designation on behalf of the member if they can’t make the designation themselves. However, the representative can only designate a beneficiary if the plan renews, replaces or converts a plan made by the participant and the same […]

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]]> Does the pension industry have a language problem? https://www.benefitscanada.com/archives_/benefits-canada-archive/does-the-pension-industry-have-a-language-problem/ Fri, 14 Apr 2023 12:55:48 +0000 https://www.benefitscanada.com/?p=136115 Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing for the people who participate in these plans and count on them for their retirement income. As pension plans evolve and the terms describing them expand, does the industry have […]

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]]> Enhanced national dental plan to require reporting of employer-provided coverage: budget https://www.benefitscanada.com/news/bencan/enhanced-national-dental-plan-to-require-reporting-of-employer-provided-coverage-budget/ Wed, 29 Mar 2023 13:00:22 +0000 https://www.benefitscanada.com/?p=135760 In its 2023 budget on Tuesday, the federal government proposed roughly $13 billion over the next five years and $4.4 billion ongoing to fully implement the national dental-care program. The plan — to be administered by Health Canada, with support from a third-party benefits administrator — will provide dental coverage for uninsured Canadians with annual […]

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]]> PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission https://www.benefitscanada.com/pensions/governance-law/piac-calls-for-going-concern-plus-regime-vplas-prpp-framework-in-pre-budget-submission/ Wed, 15 Feb 2023 14:00:18 +0000 https://www.benefitscanada.com/?p=133932 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 federally regulated defined benefit pension plans. In its pre-budget submission to Finance Canada, the PIAC said it believes the Canadian government should set a uniform funding requirement for all provinces […]

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]]> High inflation supercharging decumulation challenges https://www.benefitscanada.com/archives_/benefits-canada-archive/high-inflation-supercharging-decumulation-challenges/ Fri, 10 Feb 2023 13:55:25 +0000 https://www.benefitscanada.com/?p=133378 Finance’s toughest problem just got a whole lot trickier, thanks to the quandary of inflation. Legendary economist William F. Sharpe sealed his place in history when he collected the 1990 Nobel Memorial Prize in Economic Sciences for his work on investment decision-making, but in defined contribution pension circles, the emeritus professor at Stanford University is […]

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