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Copyright_aberheide_123RF

A pair of articles on Benefits Canada‘s 2022 Workplace Benefits Awards winners were among the most-read stories on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. TD Bank Group awarded for innovative benefits plan communications 2. KPMG offering Indigenous wellness benefit as part of Truth and Reconciliation plan 3. Sounding Board: […]

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 09:00
Copyright_rambleon_123RF

The Pension Investment Association of Canada is reiterating its concerns about Bill C-228, which was designed to protect members of defined benefit pension plans during windups. “PIAC shares the same concern as the [House of Commons] standing committee on finance that pension security is paramount for our members,” wrote Peter Waite, executive director of the […]

  • By: Staff
  • October 25, 2022 October 24, 2022
  • 10:11

As a fresh-faced elementary school student in 1977, Aaron Bennett wasn’t quite in the target demographic for the freshly launched Benefits Canada magazine. Still, Bennett — now the chief investment officer at Ontario’s University Pension Plan — has a pretty firm grasp on the concerns that would have occupied the minds of his predecessors as […]

Copyright_marcbruxelle_123RF

The Association of Canadian Pension Management and the Pension Investment Association of Canada are among the organizations saying proposed amendments to the federal Bankruptcy and Insolvency Act could negatively impact defined benefit pension plans. In an open letter to the House of Commons standing committee on finance, the ACPM and the PIAC — along with […]

  • By: Staff
  • September 29, 2022 September 28, 2022
  • 09:00
Copyright_Mikhail Tsikhanovich _123RF

The Pension Investment Association of Canada is providing feedback on the Alberta government’s consultation draft of potential legislative and policy updates for private sector pension laws. While the PIAC doesn’t have specific views on how to calculate the provision for adverse deviation, it’s encouraged Alberta is considering a harmonized approach, wrote Sean Hewitt, chair of […]

  • By: Staff
  • September 22, 2022 September 21, 2022
  • 09:00
Copyright_singkham_123RF

The Pension Investment Association of Canada is providing feedback on the consultation draft of revisions to the Canadian Association of Pension Supervisory Authorities’ guidelines for capital accumulation plans. If the guidelines are to be considered a minimum standard for plan administration, the increased responsibilities may act as a deterrent to employers choosing to make a […]

  • By: Staff
  • September 7, 2022 September 7, 2022
  • 15:00

The Pension Investment Association of Canada is providing feedback on the International Sustainability Standard Board’s exposure drafts on disclosure of financial information pertaining to sustainability and climate change. In an open letter responding to a consultation by the ISSB, the PIAC said while it supports the ISSB’s decision to build upon existing reporting frameworks — […]

  • By: Staff
  • August 4, 2022 August 3, 2022
  • 09:00
Copyright_hin255_123RF

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
Copyright_Yuliya Trukhan_123RF

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 […]