In its pre-budget submission to the federal government, the Canadian Life and Health Insurance Association highlighted variable payment life annuities, automatic features in pension plans, pharmacare and virtual health care as areas that require attention. While the CLHIA said it supports the concept of VPLAs as a decumulation solution for defined contribution plan members, it […]
An article on the how capital accumulation plans are increasing their exposure to private assets 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: How does increased exposure to private assets impact CAP members’ financial health, retirement readiness? Pension […]
The Financial Services Regulatory Authority of Ontario is inviting stakeholders to provide their input on the proposed guidance in support of permanent target-benefit framework for multi-employer pension plan sponsors. The guidance explains how the FSRA will oversee and apply Ontario’s framework, which came into effect on Jan. 1. Read: FSRA monitoring target-benefit framework, pension risks in […]
An article on how plan sponsors can handle lost pension claims 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. Expert panel: How plan sponsors can handle lost pension claims 2. Feds increasing pay, retention bonuses for CAF […]
Quebec’s pending implementation of variable payment life annuities would benefit more from a principles-based approach rather than a prescriptive framework, said the Canadian Institute of Actuaries. In an open letter to the provincial government, the CIA said such an approach would allow for a more flexible and effective rollout and would encourage innovation while continuing […]
An article about the ongoing discussion around tattoos in the workplace 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. Workplace tattoo visibility sparks fresh look at dress codes, employee inclusion: expert 2. Canadian target-benefit plan sponsors can […]
What’s a plan administrator to do when an individual makes a claim to a pension entitlement that goes back many years after their employment — or in some cases, the employment of a spouse, partner, parent or even grandparent — has ended and available pension records are inconclusive? In a perfect world, when pension inquiries […]
Quebec’s incoming regulatory framework for variable payment life annuities requires additional clarity around the potential for fluctuating payouts to plan members, said the Association of Canadian Pension Management. In a letter to the provincial government, the ACPM said while it isn’t suggesting additional regulatory measures to enhance clarity, it’s encouraging the government to issue clear […]
The Pension Investment Association of Canada is urging the Canadian Securities Administrators to resume work on a climate-related disclosure mandate that could impact decision-making at Canadian institutional investors. In an open letter to the CSA, the PIAC said the adoption of standardized disclosures and reporting supports Canadian pension plan sponsors by optimizing investment and human […]
Manitoba’s Pension Benefits Act could be improved by allowing for more flexibility in transfers of locked-in funds, said the Association of Canadian Pension Management. In its response to the province’s request for feedback on proposed changes to the PBA, the ACPM said the current legislation — which allows for a one-time transfer of up to […]