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Canada’s defined benefit pension plans experienced flat performance in the first quarter of 2020, with the median plan’s returns declining by 0.2 per cent in the first three months of 2021 after rising 10 per cent through 2020, according to Northern Trust Canada’s pension universe.  Read: Canada’s DB pension plans post 5% return in Q4, […]

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In its 2021 budget on Wednesday, the Ontario government said it’s requiring pension plan administrators to calculate and report their plan’s claim exposure to the pension benefits guarantee fund, to support the protection of benefits into the future. A review of the fund, discussed in the province’s 2020 budget, found there was a need for […]

  • By: Staff
  • March 25, 2021 March 25, 2021
  • 09:00

The Financial Services Regulatory Authority is seeking stakeholder input on draft guidance on providing consent for asset transfer transactions under the Pension Benefits Act. Aiming to support predictability and transparency for defined benefit plan administrators, sponsors and members and to protect of the rights of members, the guidance sets out how the FSRA will exercise […]

  • By: Staff
  • September 15, 2020 December 6, 2020
  • 09:40
Impending Changes to Ontario Pension Benefits Act

2018 to be a significant year for pension reform in Ontario.