federally regulated pension plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 29 Apr 2024 21:34:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Where do Canadian institutional investors stand on calls for increased domestic investments? https://www.benefitscanada.com/news/cir-news-news/where-do-canadian-institutional-investors-stand-on-calls-for-increased-domestic-investments/ Thu, 04 Apr 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=152900 A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]

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]]> Sounding Board: How pension IT risk management guidance will impact plan sponsors https://www.benefitscanada.com/pensions/governance-law/sounding-board-how-pension-it-risk-management-guidance-will-impact-plan-sponsors/ Thu, 29 Feb 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=152486 Information technology risk has become a more prevalent concern in recent years, so it comes as no surprise that Canadian pension regulators are focused on ensuring that plan administrators manage this risk effectively. IT risk is associated with an entity’s IT infrastructure as a whole, including risk caused by error or malfunction, as well as […]

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]]> 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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]]> Federal public sector pension indexation rate set at 4.8% for 2024 https://www.benefitscanada.com/pensions/retirement/federal-public-sector-pension-indexation-rate-set-at-4-8-for-2024/ Thu, 30 Nov 2023 16:00:12 +0000 https://www.benefitscanada.com/?p=147987 The pension indexation rate for federal public sector pensions will be 4.8 per cent in 2024, according to the National Association of Federal Retirees. The rate, which is set by the Treasury Board Secretariat in accordance with the Public Service Superannuation Act and the Supplementary Retirement Benefits Act, is a decrease from last year’s indexation […]

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]]> Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds https://www.benefitscanada.com/pensions/governance-law/removal-of-30-rule-could-boost-investment-reduce-private-equity-fees-for-canadian-pension-funds/ Thu, 23 Nov 2023 16:00:40 +0000 https://www.benefitscanada.com/?p=147562 If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension plan sponsors and other investment organizations could increase their holdings in high-performing assets, have greater oversight and accountability of their assets and see a decrease in fees for private equity, according […]

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]]> Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement https://www.benefitscanada.com/news/bencan/feds-consider-end-of-30-rule-for-pensions-propose-ei-adoption-benefit-fall-economic-statement/ Wed, 22 Nov 2023 14:00:47 +0000 https://www.benefitscanada.com/?p=147516 In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than 30 per cent of the voting shares of most corporations. The move is part of an effort “to create an environment that encourages and identifies more opportunities for investments in […]

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]]> OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM https://www.benefitscanada.com/pensions/governance-law/osfis-draft-pension-cybersecurity-standard-may-lead-to-duplication-increased-risk-acpm/ Thu, 09 Nov 2023 14:00:59 +0000 https://www.benefitscanada.com/?p=146759 The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in technology and risks faced by federally regulated financial institutions and federally regulated pension plans, according to the Association of Canadian Pension Management. While financial institutions’ systems are critical to the functioning of […]

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]]> New federal legislation around missing pension plan members should include ongoing plans: ACPM https://www.benefitscanada.com/pensions/governance-law/new-federal-legislation-around-missing-pension-plan-members-should-include-ongoing-plans-acpm/ Tue, 01 Aug 2023 19:00:24 +0000 https://www.benefitscanada.com/?p=141549 In response to the federal government’s consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members, the Association of Canadian Pension Management is suggesting the legislation include a condition to allow the transfer of assets in the case of an ongoing pension plan in addition to closed plans. […]

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]]> Feds consulting on draft amendments to pension legislation for transfer of missing members’ benefits https://www.benefitscanada.com/pensions/governance-law/feds-consulting-on-draft-amendments-to-pension-legislation-for-transfer-of-missing-members-benefits/ Fri, 30 Jun 2023 19:00:44 +0000 https://www.benefitscanada.com/?p=140612 The federal government is launching a consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members. Under the Pensions Benefits Standards Act, plan administrators can transfer pension assets of missing members to a ‘designated entity.’ The draft amendments specify who qualifies as a missing member or beneficiary, as […]

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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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