Latest news in Governance/legislation

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Saskatchewan amending pension legislation to include more decumulation options, solvency reserve funds

The Saskatchewan government is introducing amendments to its pension legislation that provide additional flexibility for plan sponsors and introduce new decumulation options for members of…

  • By: Staff
  • November 28, 2022 November 28, 2022
  • 15:00

Pension super-priority bill passes in House of Commons

A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of…

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

An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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Expert panel: China’s ESG mask slips

Reports that a leading asset manager is delaying the launch of a Chinese bond fund indefinitely are a clear sign that the facade around Chinese…

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Employer’s prior conduct prohibits pension plan amendments, despite collective agreement terms: Ontario court

A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective…

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Expert panel: Can pension administrators deny benefits to plan members who don’t submit proof-of-life forms?

In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00

FSRA releases final pension deregistration guidance

The Financial Services Regulatory Authority of Ontario has released its final pension deregistration guidance, which identifies the documents, information and timeframes that are required under…

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

A look at the landscape for automatic features in Canadian pension plans

Matching employer contributions in capital accumulation plans are as close to free money as employees can legally get. “You’re not changing your risk — because…

How InBenefits is aiming to prove the potential of target-benefit pensions

Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and…

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Ontario seeking feedback on framework for target-benefit pension plans

In its fall economic statement, the Ontario government said it will ask stakeholders to provide feedback this winter on a draft framework for target-benefit pension…

  • By: Staff
  • November 17, 2022 November 17, 2022
  • 13:00

CFP urging Alberta government to reconsider transfer of pension risk to plan members

The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including…

  • By: Staff
  • November 16, 2022 November 16, 2022
  • 09:00
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Report urges pension plan fiduciaries to focus on finance when considering ESG factors

A new report from the C.D. Howe Institute says pension plan fiduciaries shouldn’t ignore climate change and other environmental, social, and governance factors that are…

  • By: Staff
  • November 15, 2022 November 14, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • November 11, 2022 November 11, 2022
  • 09:00
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CIA advising CAPSA to consider pension plan liabilities, climate disclosure in ESG risk management guideline

The Canadian Institute of Actuaries is advising the Canadian Association of Pension Supervisory Authorities to strengthen its proposed guideline on risks related to environmental, social…

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 09:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions

The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move…

  • By: Staff
  • November 7, 2022 November 4, 2022
  • 09:00
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CPP maximum pensionable earnings increasing to $66,600 in 2023

The maximum pensionable earnings under the Canada Pension Plan for 2023 is increasing to $66,600 from $64,900 in 2022. The new ceiling was calculated according to a CPP legislated…

  • By: Staff
  • November 3, 2022 November 2, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

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…

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 09:00
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Report urges DC pension plan sponsors to focus on decumulation

Capital accumulation plan sponsors need to focus on providing lifetime retirement income for plan members amid the growth of decumulation solutions such as advanced life…

  • By: Staff
  • October 25, 2022 October 25, 2022
  • 15:00
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PIAC reiterates objections to pension super-priority bill

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…

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

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

An article about an open letter that highlighted how proposed amendments to the federal Bankruptcy and Insolvency Act could have a positive impact on defined benefit…

  • By: Staff
  • October 21, 2022 October 21, 2022
  • 09:00
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ACPM advises CAPSA against one-size-fits-all approach to ESG, cybersecurity risk management

The Association of Canadian Pension Management is advising the Canadian Association of Pension Supervisory Authorities to take a less prescriptive approach in its proposed guidelines…

  • By: Staff
  • October 21, 2022 October 20, 2022
  • 09:00

Curbing inflation may take up to 18 months: expert

It may take up to 18 months for central banks policies to curb inflation to around two per cent on an annual basis, says Julianna…

ACPM warns of ‘unintended consequences’ of pension super-priority bill

The Association of Canadian Pension Management is urging parliamentarians to vote down a bill that would provide super-priority to defined benefit pension plan members in…

  • By: Staff
  • October 20, 2022 October 19, 2022
  • 09:00
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B.C. amending definition of PfAD for pension plans with target-benefit provisions

British Columbia is amending the definition of provision for adverse deviation for pension plans in the province with a target-benefit provision. The changes to PfAD’s…

  • By: Staff
  • October 17, 2022 October 17, 2022
  • 09:00