The Global Risk Institute’s Sonia Baxendale is stepping down as president and chief executive officer later this year after nearly eight years in the role. She’ll remain in the position until a successor is named to ensure continuity during the transition, according to a press release. Read: ‘The rules of the game are changing’: DB pension […]
The Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline led CPP Investments to sharpen accountability and governance risk globally, according to Marina Lodyga, the investment organization’s director of pension and benefits, during a session at Benefits Canada’s 2026 Defined Contribution Plan Summit. CPP Investments has around 500 workers across eight global offices […]
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all eligible plan beneficiaries, the largest increase since the PBGF was created in 1980. It cited a recent review of the PBGF that found the fund had $1.3 billion in net […]
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal governance review. The investment organization confirmed Dobson’s departure on Friday, noting it had reached an agreement with Dobson to repay his $1.6-million 2025 vacation payout. Read: CAAT places Derek Dobson […]
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans on its DB knowledge to make sure it’s addressing similar risks in the DC plan, says Robert Marchessault, the organization’s director of pensions and benefits. For the DB plan, which […]
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 […]