Interest rate levels are critically important to the financial health of defined benefit pension plans. Many DB plans are in their best financial positions in decades, largely due to the dramatic rise in interest rates over the past few years, but decreases in interest rates could pose a major risk for many plans. Changes in […]
Defined benefit pension plan sponsors using overlay strategies will gain more flexibility amid rising inflation now that the Office of the Superintendent of Financial Institutions has released guidance allowing them to disregard the overlay when measuring going-concern liabilities, says James Koo, a partner in Aon’s wealth solutions division. In May 2022, the OSFI raised the maximum […]
The Pension Investment Association of Canada is reiterating its concerns about Bill C-228, which was designed to protect members of defined benefit pension plans during windups. “PIAC shares the same concern as the [House of Commons] standing committee on finance that pension security is paramount for our members,” wrote Peter Waite, executive director of the […]