Pensions Governance/legislation

Latest news in Governance/legislation

Ontario Teachers’ plan member lawsuit highlights cryptocurrency investment risks: expert

While a plan member lawsuit against the Ontario Teachers’ Pension Plan regarding cryptocurrency investment decisions isn’t entirely surprising, it’s not a common event in Canada,…

FSRA appointing Dexter John as CEO

The Financial Services Regulatory Authority of Ontario is appointing Dexter John as chief executive officer, effective March 1. John is currently the president and CEO…

  • By: Staff
  • January 31, 2025 January 30, 2025
  • 15:00

2024 DB Investment Forum: A look behind the scenes at the Medicus Pension Plan

The limited availability of retirement income solutions is giving physicians in Canada a compelling reason to join a new multi-employer pension plan, said Simone Reitzes,…

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AIMCo cuts 19 employees, including DEI program lead

The Alberta Investment Management Corp. has laid off 19 employees and cut their positions, including the role of running its diversity, equity and inclusion program.…

Return disclosure adds complexity, cost to proposed Ontario variable life benefits: ACPM

In response to proposed legislation that would introduce the option of variable life benefits in Ontario, the Association of Canadian Pension Management is recommending against…

  • By: Staff
  • January 29, 2025 January 29, 2025
  • 09:00

Unified ‘going-concern plus’ regime, reinstating real return bonds among PIAC’s 2025 priorities

Implementation of harmonized minimum funding regulations for federally regulated defined benefit pension plans tops the Pension Investment Association of Canada’s list of advocacy priorities in…

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How crypto-friendly Trump administration could impact institutional investors

The cryptocurrency-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses could push states to become more open to crypto and lead…

Top 5 HR, benefits, pension and investment stories of the week

An article on the impact of U.S. President-elect Donald Trump’s tariff threats and Prime Minister Justin Trudeau’s resignation on financial markets was the most-read story…

  • By: Staff
  • January 17, 2025 January 16, 2025
  • 09:00
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France’s new PM says he’ll renegotiate contested plan to raise retirement age

France’s new Prime Minister François Bayrou announced this week the renegotiation of a contested plan raising the retirement age from 62 to 64, in a…

Verizon’s US$5.9BN pension risk transfer faces lawsuit alleging breach of fiduciary duties

Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a…

  • By: Staff
  • January 16, 2025 January 16, 2025
  • 09:00
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CPPLC prioritizing employee financial literacy, retirement readiness in 2025

Promoting employee financial awareness and retirement readiness amid the rising cost of living is a priority for the Canadian Public Pension Leadership Council in 2025,…

  • By: Blake Wolfe
  • January 14, 2025 January 15, 2025
  • 09:00

Amazon facing lawsuit over use of forfeited 401(k) funds, potential violation of ERISA

Amazon.com is facing a lawsuit that claims the company violated U.S. federal law by using nearly US$350 million in forfeited 401(k) funds to offset the company’s…

  • By: Staff
  • January 10, 2025 January 9, 2025
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the issues that Canadian pension plan sponsors are considering in 2025 was the most-read story on BenefitsCanada.com this past week. Here are…

  • By: Staff
  • January 10, 2025 January 9, 2025
  • 09:00

Feds’ report dismisses Alberta’s CPP entitlement, offers formula to calculate potential exit: expert

While it doesn’t contain an exact figure, the federal government’s official rebuttal to a 2023 report — which argued Alberta is entitled to more than…

VPLAs, target-benefit pension legislation among CIA’s 2025 priorities

Variable payment life annuities and the impact of gender identity on actuarial standards are among the issues the Canadian Institute of Actuaries is monitoring in…

Lawsuit alleges feds prevented part-time RCMP officers from buying back into pension plan

The National Police Federation, which represents 20,000 Royal Canadian Mounted Police officers, has launched a class action claiming the federal government has wrongfully prevented part-time…

Effective AI integration requires customization effort from pension plan sponsors: report

User personalization and an ease-of-use approach are key in the adoption of artificial intelligence technology tools by pension plan sponsors, according to a new report…

  • By: Staff
  • January 7, 2025 January 7, 2025
  • 09:00
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Expert panel: Regulatory guidelines, geopolitical risk impacting pension plan sponsors in 2025

With the start of a new year, there are several developments and trends that will likely impact Canadian pension plan sponsors in 2025. Implementation of…

TTC Pension Plan appointing Heather Wolfe as CEO

The Toronto Transit Commission Pension Plan is appointing Heather Wolfe as its new chief executive officer, effective March 3, 2025. She succeeds acting CEO James…

  • By: Staff
  • January 3, 2025 January 3, 2025
  • 14:00

FSRA monitoring target-benefit framework, pension risks in 2025

The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s…

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Top 10 HR, benefits, pension and investment stories of 2024

From the unlocking of pension benefits in Nova Scotia to new pay transparency rules in Ontario, stories about pension and employment legislation caught the eyes…

  • By: Staff
  • December 23, 2024 December 19, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the federal government’s decision to transfer a $1.9 billion public pension surplus to general revenue was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • December 20, 2024 December 19, 2024
  • 09:00

Expert panel: Building a more effective pension system for Canada’s private sector workers

According to Statistics Canada, 80 per cent of Canadian public sector workers benefit from a respectable, life-long pension. However, for many private sector employees the…

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Feds’ decision to transfer $1.9BN public pension surplus to general revenue within its purview: expert

The federal government’s recent decision to transfer a $1.9 billion surplus from the Public Service Pension Plan to its general revenue is within its purview, says…

  • By: Sadie Janes
  • December 16, 2024 December 16, 2024
  • 09:00

Ottawa to remove 30% investment cap for Canadian pension funds

Finance Minister Chrystia Freeland says today’s fall economic statement will remove the cap that currently restricts Canadian pension funds from owning more than 30 per…