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. […]
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 […]
A proposed retirement plan tax credit for small- and medium-sized employers could reduce cost barriers to offering employer-sponsored retirement programs, according to a new report by the C.D Howe Institute. It noted more than nine million working Canadians lack access to a workplace retirement plan, with the gap most pronounced among employees of SMEs. As […]
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’ […]
The Colleges of Applied Arts and Technology pension plan has suspended its board chair Don Smith. The pension organization, which oversees more than $23 billion in assets under management, is awaiting the results of a governance review following concerns raised over a $1.6 million vacation payout to chief executive officer Derek Dobson. In an emailed […]
The Healthcare of Ontario Pension Plan is appealing a Dutch tax court ruling against the investment organization. Th court backed the investigation of a tax inspector, arguing that in 445 transactions between 2013 and 2018, the investment organization wasn’t the beneficial owner of local shares that paid investor dividends and, therefore, couldn’t reclaim tax withheld […]
Older Canadians’ retirement confidence is dropping amid longer life expectancies and a rising percentage of employees who continue to work past age 65, according to a new survey by the National Institute on Ageing at Toronto Metropolitan University. The survey, which polled more than 6,000 Canadians aged 50 and older, found one in five (22 […]