An article on the ongoing governance crisis at the Colleges of Applied Arts and Technology’s pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT places Derek Dobson on administrative leave, appoints acting CEO 2. FSRA […]
The Financial Services Regulatory Authority of Ontario’s supervisory guidance on the province’s target-benefit pension plan framework is now finalized. The guidance, which will be reviewed no later than Feb. 2, 2031, outlines how the FSRA will oversee and apply Ontario’s target-benefit framework while supporting plan administrators in meeting their obligations, according to a press release. […]
The Colleges of Applied Arts and Technology’s pension plan is placing chief executive officer Derek Dobson on administrative leave and appointing Kevin Fahey as acting CEO and plan manager, effective immediately. The leadership shakeup takes place amid a formal review of the investment organization’s governance, including decisions around a $1.6-million vacation payout to Dobson and […]
An article on the removal of the board chair at the Colleges of Applied Arts and Technology pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT pension plan board chair removed amid ongoing governance emergency […]
The Association for Canadian Pension Management is asking the Ontario government to introduce variable life benefits in Ontario and to align its pension rules with those of other provinces. In an open letter to the provincial government, the ACPM said the need to add variable life benefit options is part of a campaign to find […]
Don Smith, the recently suspended chair of the Colleges of Applied Arts and Technology pension plan’s board of trustees, has been removed from his position following allegations of an improper executive compensation approval, according to a report by the Toronto Star. He was removed Thursday by the members of the plan’s sponsors’ committee amid a […]
With the new year may come new resolutions — or at least topics to keep in mind — for capital accumulation plan sponsors. Ongoing compliance with the CAPSA’s updated CAP guideline While the Jan. 1 deadline for CAP sponsors to bring their systems and processes into compliance with the Canadian Association of Pension Supervisory Authorities’ […]
By separating a traditional active equity portfolio into two groups, institutional investors can gain resilience and add value at a time when active global equity strategies have struggled to outperform, said David Alloune, vice-president of asset allocation at Trans-Canada Capital Inc. “A passive investing approach on the largest portion of institutional portfolios is probably not […]
Alongside deglobalization and changing global supply chains, technology is now permeating strategy at a global level, with artificial intelligence moving from a topic of innovation to an instrument of power, according to Mai Mavinkurve, founding partner at Prosperity Global Services and a senior fellow at the Centre for International Governance and Innovation. Speaking during a […]
While Canada’s financial system was fit for purpose across decades of liberal democratic order, it’s important to look at how the system should be structured in the future, said Mark Zelmer, former deputy superintendent of financial institutions at the Office of the Superintendent of Financial Institutions and a fellow-in-residence at C.D. Howe Institute. Speaking in […]