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ACPM urging feds to modernize Canadian tax rules for pensions

In a new white paper, the Association of Canadian Pension Management is urging the federal government to reform the Income Tax Act rules for registered pension plans.  In the ACPM’s view, ITA reforms are required to build on government initiatives aimed at increasing retirement savings by updating the tax rules released in 1992 so they better reflect today’s socioeconomic environment and Canadians’ […]

Will new changes to federal insolvency laws protect retirees?

Pensions have been imperilled by corporate insolvency before, but three new amendments to federal laws may create stronger protections for employees and retirees. Changes to the Canada Business Corporations Act went into immediate effect after receiving royal assent in June, and amendments to the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act take effect today. Further […]

Allow DC plans to issue advance life deferred annuities: ACPM

In a letter to the tax branch of the Department of Finance, the Association of Canadian Pension Management said it would be reasonable for certain large defined contribution pension plans to be issuers of advanced life deferred annuities. According to the current Income Tax Act, only a licensed annuity provider can issue an ALDA. However, the ACPM […]

  • By: Staff
  • October 23, 2019 November 30, 2020
  • 14:00
Budget proposals for retirement security get mixed reviews from ACPM

The Association of Canadian Pension Management has mixed feelings about the federal government’s proposed methods for enhancing retirement security in the wake of the high-profile Sears Canada Inc. bankruptcy last year. During an ACPM webinar last week, Todd Saulnier, the chair of ACPM’s national policy committee and a principal at Mercer, said some of the federal government’s options […]

In Ontario’s new defined benefit plan funding rules, the provisions for adverse deviation should be based on the plan’s asset mix, and a riskier asset mix should naturally require a higher PfAD, according to the Association of Canadian Pension Management’s submission to the provincial Ministry of Finance. “Using that logic and an understanding that fixed-income […]

  • By: Staff
  • March 4, 2019 January 10, 2021
  • 15:34
CAPSA must clarify sections on fees in DC guidelines: ACPM

The Association of Canadian Pension Management is weighing in on the Canadian Association of Pension Supervisory Authorities’ consultation on its defined contribution pension plan guideline. In a letter to the CAPSA, the association said it’s concerned about the requirements related to decision-making tools and requiring plan administrators to provide annual estimates of member account values […]

  • By: Staff
  • October 3, 2018 September 13, 2019
  • 15:00
Association of Canadian Pension Management appoints Ric Marrero as CEO

The Association of Canadian Pension Management has found its new chief executive officer in Ric Marrero. Recently serving as interim chief executive officer, Marrero is taking on the role effective immediately. He has served the organization since 2012, formerly as its marketing and communications director. “In the past year, he has navigated the organization through various […]

  • By: Staff
  • July 5, 2018 September 13, 2019
  • 13:40
Time to scrap the 30% rule?

ACPM consultation response says Fed rules make it tough for pension funds.

  • By: Staff
  • September 21, 2016 September 13, 2019
  • 16:55
Inspiration: Perkin’s dedication to improving pensions

Scott Perkin fondly recalls his appearance before the House of Commons Standing Committee on Finance in 2010. The Canadian pension landscape was being shaken by funding challenges, record-low interest rates and the protest in September of that year by Nortel pensioners angered by the windup of their $2.5-billion underfunded plan. As president of The Association of Canadian Pension Management (ACPM), Perkin expected he’d be asked to outline the association’s position on one or two topics. Instead, committee members peppered him with questions on a host of issues.

DB not affordable anymore: Hamilton

Pensions are inextricably tied to the economy, said Malcolm Hamilton, an actuary with Mercer (Canada) Ltd., speaking recently in Toronto at the Association of Canadian Pension Management’s spring session, Checking the Pulse of Pension Reform. “If the markets do well, any pension will work. If the economy is bad, any pension—no matter how good—will fail,” […]