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The Pension Investment Association of Canada is urging the Office of the Superintendent of Financial Institutions to ensure its guidance on pension investment risk management is flexible enough to be appropriate for plans of all sizes. In an open letter, PIAC chair Sean Hewitt addressed 15 points posed by the OSFI to the pension investment sector related […]

  • By: Staff
  • May 17, 2022 May 17, 2022
  • 12:30
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The Pension Investment Association of Canada is urging the federal government to allow for tax-free mergers of maturing target-date funds. In a letter to the Department of Finance Canada, the PIAC said current tax rules don’t permit tax-free mergers of a target-date fund series into a terminal fund — where a target-date fund provider will […]

  • By: Staff
  • May 4, 2022 May 4, 2022
  • 09:00

The Pension Investment Association of Canada board is prioritizing a return to business as usual and the expansion of the association’s membership in 2022. The board will continue efforts to expand the PIAC’s membership and increase the engagement of existing members, says Cheryl Shea, manager of pension assets at Canadian Pacific Railway Co. and a recently […]

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The Pension Investment Association is appointing a new chair, vice-chair and secretary-treasurer for 2022. Sean Hewitt, chief executive officer of the Toronto Transit Commission Pension Fund Society, is the organization’s new chair. His previous roles include director of pension assets at the Canadian Pacific Railway Co. and senior analyst of investments at Mercer Canada. Read: How […]

  • By: Staff
  • January 14, 2022 January 14, 2022
  • 09:00
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The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the framework, the CAPSA said it will address topics such as plan design and conversion options, as well as member disclosure, spousal consent, plan termination, investment rules and regulatory oversight for […]

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00

Members of the Pension Investment Association of Canada saw their managed assets grow by 7.4 per cent in 2020, according to a new report. In its defined benefit asset mix report covering 2020, the PIAC found its members’ DB pensions grew by 7.4 per cent, from $2.286 trillion to $2.454 trillion, over the course of […]

  • By: Staff
  • July 15, 2021 July 15, 2021
  • 09:00
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The Pension Investment Association of Canada is urging the U.S. Securities and Exchange Commission to adopt new rules mandating enhanced disclosures of climate risks and other environmental, social and governance factors. In a letter submitted by Natasha Trainor, PIAC’s chair, the association said it supports regulatory proposals that would require businesses to disclose more information on […]

  • By: Staff
  • June 22, 2021 June 22, 2021
  • 09:00

While solvency funding relief helped Canada’s pension funds withstand the turbulence of 2020, a long-term vision with an eye to a more robust funding framework would offer better support, according to pensions experts. Responding to the crisis, the federal government launched a consultation last fall on measures to alleviate pension solvency funding requirements for defined […]

The Pension Investment Association of Canada took issue with some of the recommendations drafted by Ontario’s capital markets modernization task force, specifically those related to proxy advisory firms. The task force published a series of proposals for consultation earlier this year, inviting feedback from the public. In a recent response letter to Walied Soliman, the […]

  • By: Staff
  • September 16, 2020 December 5, 2020
  • 07:46
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The Pension Investment Association of Canada has written the United States Securities and Exchange Commission, noting there shouldn’t be increased regulations on proxy advisory firms as this could cost pension plans without having clear benefits. This comes in response to a roundtable the SEC held on the topic in November 2018. Topics on the agenda […]