going concern – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 02 May 2024 20:20:47 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024 https://www.benefitscanada.com/pensions/governance-law/piac-focusing-on-pension-solvency-uniformity-capsa-risk-management-guidelines-in-2024/ Thu, 18 Jan 2024 14:00:34 +0000 https://www.benefitscanada.com/?p=150701 The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated defined benefit pension plans, said David Lawson, the PIAC’s new chair. In an emailed statement to Benefits Canada, he said as DB plan sponsors continue to face […]

The post PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024 appeared first on Benefits Canada.com.

]]> 2023 Risk Management Conference: Interest rate lessons from the CBC Pension Plan’s LDI strategy https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-risk-management-conference-interest-rate-lessons-from-the-cbc-pension-plans-ldi-strategy/ Wed, 18 Oct 2023 11:47:11 +0000 https://www.benefitscanada.com/?p=144322 Defined benefit pension plan sponsors must consider the downsides of using a liability-driven investment strategy, particularly the role of interest rates, said Duncan Burrill, managing director and chief executive officer of the Canadian Broadcasting Corp. Pension Plan, during a session at the Canadian Investment Review’s 2023 Risk Management Conference. However, he also noted the pension fund’s LDI […]

The post 2023 Risk Management Conference: Interest rate lessons from the CBC Pension Plan’s LDI strategy appeared first on Benefits Canada.com.

]]> N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report https://www.benefitscanada.com/news/cir-news-news/n-s-teachers-pension-plans-funded-status-dips-to-75-1-annual-report/ Thu, 04 May 2023 16:30:40 +0000 https://www.benefitscanada.com/?p=137260 The Nova Scotia Teachers’ Pension Plan’s funded status dipped from 82.5 per cent to 75.1 per cent on a going-concern basis in 2022, according to its annual report. The decrease in the funded ratio year over year was due to the asset losses in 2022 and to the fact the plan’s discount rate was maintained […]

The post N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-26/ Fri, 03 Mar 2023 14:00:07 +0000 https://www.benefitscanada.com/?p=134838 An article on a private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Private member’s bill prohibiting certain CPPIB investments survives first reading 2. Expert panel: Air Canada decision illustrates danger […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> DB pension plans with overlay strategies finding flexibility after OSFI’s going-concern discount rate clarification: expert https://www.benefitscanada.com/pensions/governance-law/db-pension-plans-with-overlay-strategies-finding-flexibility-after-osfis-going-concern-discount-rate-clarification-expert/ Mon, 27 Feb 2023 14:00:32 +0000 https://www.benefitscanada.com/?p=134047 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 post DB pension plans with overlay strategies finding flexibility after OSFI’s going-concern discount rate clarification: expert appeared first on Benefits Canada.com.

]]> 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 […]

The post PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-12/ Fri, 11 Nov 2022 14:00:35 +0000 https://www.benefitscanada.com/?p=129649 An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CUPE’s Ontario education workers striking for extended benefits, wage increases 2. Stellantis, Unifor agreement includes pension and retirement gains 3. Sounding Board: How employers can better support employees […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions https://www.benefitscanada.com/pensions/governance-law/cia-supporting-going-concern-plus-regime-auto-features-in-albertas-private-sector-pensions/ Mon, 07 Nov 2022 14:00:53 +0000 https://www.benefitscanada.com/?p=129415 The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move towards a going-concern plus regime for defined benefit plans and the introduction of automatic features in defined contribution plans. In its response to the consultation draft, the CIA cited the benefits […]

The post CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions appeared first on Benefits Canada.com.

]]> Amendments to bankruptcy, insolvency legislation could disincentivize DB pension plan sponsors, say ACPM, PIAC https://www.benefitscanada.com/pensions/governance-law/amendments-to-bankruptcy-insolvency-legislation-could-disincentivize-db-pension-plan-sponsors-say-acpm-piac/ Thu, 29 Sep 2022 13:00:21 +0000 https://www.benefitscanada.com/?p=127638 The Association of Canadian Pension Management and the Pension Investment Association of Canada are among the organizations saying proposed amendments to the federal Bankruptcy and Insolvency Act could negatively impact defined benefit pension plans. In an open letter to the House of Commons standing committee on finance, the ACPM and the PIAC — along with […]

The post Amendments to bankruptcy, insolvency legislation could disincentivize DB pension plan sponsors, say ACPM, PIAC appeared first on Benefits Canada.com.

]]> Alberta’s DB pension funding rules fail to balance sustainability, affordability: ACPM https://www.benefitscanada.com/pensions/governance-law/acpm-criticizing-albertas-strict-private-sector-db-pension-rules/ Tue, 27 Sep 2022 16:30:24 +0000 https://www.benefitscanada.com/?p=127505 The Association of Canadian Pension Management is taking aim at the Alberta government’s funding rules for private sector defined benefit pension plans. In its response to consultation draft of potential legislative and policy updates for private sector pension laws, the ACPM wrote that the province’s existing funding requirements fail to appropriately balance benefit security with […]

The post Alberta’s DB pension funding rules fail to balance sustainability, affordability: ACPM appeared first on Benefits Canada.com.

]]>