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 […]
The Pension Investment Association of Canada will monitor the ongoing progress of several policies related to environmental and sustainability solutions. Last year’s federal budget indicated greenwashing provisions would be coming to the Competition Act at a time when the pension association has advocated for clear and flexible environmental, social and governance reporting guidelines, which would […]
In 2026, the Canadian Institute of Actuaries will continue to focus on the impact of climate risk on several areas, including pension investments, says Angelita Graham, a partner at Mercer Canada and president of the CIA. Last year, the organization began working with Université du Québec à Montréal for its research chair in actuarial and […]
An article on the Quebec government’s adoption of legislation for variable payment life annuities was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Quebec adopts VPLA legislation 2. What employers need to know about provincial changes to sick […]
As pension regulators narrow their priorities heading into 2026, the Association of Canadian Pension Management is placing greater emphasis on flexible pension plan design, with a focus on member outcomes, governance and clarity. Korinne Collins, chief executive officer at the ACPM, notes flexibility across the accumulation and decumulation stages is rising on the industry’s agenda […]
The Quebec government has adopted regulations allowing defined contribution pension plans and voluntary retirement savings plans to offer variable payment life annuities. The regulatory changes establish the framework under which DC plans and voluntary retirement savings plans may offer the lifetime income option, including conditions related to plan design, valuation and administration. The move follows […]