Latest news in Governance/legislation

Pension plan committees applying virtual meeting lessons to second year of pandemic

As the coronavirus pandemic ground the world to a halt in March 2020, stopping was not an option for Gale Rubenstein or her colleagues on…

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FSRA advising DB MEPPs on governance, risk-management practices

The Financial Services Regulatory Authority of Ontario is issuing leading practices for the province’s defined benefit multi-employer pension plans, in the areas of governance, risk management and…

  • By: Staff
  • March 26, 2021 March 30, 2021
  • 09:00
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Ontario’s budget highlights pension benefits, ongoing support for employers and employees

In its 2021 budget on Wednesday, the Ontario government said it’s requiring pension plan administrators to calculate and report their plan’s claim exposure to the…

  • By: Staff
  • March 25, 2021 March 25, 2021
  • 09:00

Canadian MEPPs facing challenges due to provincial funding requirements, plan growth

Canada’s multi-employer pension plans are facing a wide range of challenges, from funding requirements to future growth, according to a recent webinar hosted by the…

The evolution of pension governance policies

Pension governance policies have been common for many years, at least since the Canadian Association of Pension Supervisory Authorities published its initial guidelines on pension…

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Alberta Teachers’ Association files legal challenge to pension order

The Alberta Teachers’ Association is taking legal action against the recent ministerial order enacted on several of the province’s pension plans, including the Alberta Teachers’…

  • By: Staff
  • March 19, 2021 March 19, 2021
  • 09:00
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The Royal Mail Group’s road to offering U.K. employees a collective DC plan

The Royal Mail Group Ltd. will soon make history in the United Kingdom by becoming the first employer to sponsor an entirely new type of…

Alberta looking at next steps to pull out of the CPP: Kenney

Alberta Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan.…

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Newfoundland and Labrador residents can now unlock pension benefits

Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes…

  • By: Staff
  • March 3, 2021 March 3, 2021
  • 09:00
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Canada’s pension system gets top grades in new benchmark

Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the…

  • By: Staff
  • February 23, 2021 February 24, 2021
  • 15:00

Pension regulators step up amid turmoil

For almost a year now, federal and provincial pension regulators have been busily trying to mitigate the effects of the coronavirus pandemic. Regulators have never…

Sanofi joining CAAT’s DBplus pension

Sanofi joining CAAT’s DBplus pension

Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701…

  • By: Staff
  • February 12, 2021 February 26, 2021
  • 09:00

BCI adopts more stringent ESG expectations for companies it invests in

The British Columbia Investment Management Corp. is raising its environmental, social and governance-related expectations for the publicly-traded companies it invests in. Under its new proxy-voting…

  • By: Staff
  • February 11, 2021 March 24, 2021
  • 10:06
BCI adopting more stringent ESG expectations

BCI adopting more stringent ESG expectations

The British Columbia Investment Management Corp. is raising its environmental, social and governance-related expectations for the publicly-traded companies it invests in. Under its new proxy-voting…

Pension plans focusing on streamlining ESG strategies in 2021

Pension plans focusing on streamlining ESG strategies in 2021

Pension plans in Canada now factor environmental, social and governance monitoring in their investment process, and in the absence of national guidance, plan managers are using…

CPPIB investing in Brazil real estate, Intact acquisition approved

The Canada Pension Plan Investment Board is one of three investors entering a partnership with real estate developer SKR to develop, own and operate a…

  • By: Staff
  • January 20, 2021 April 14, 2021
  • 10:35

ACPM calling on feds to prioritize DB plan coverage and adequacy

With private-sector defined benefit pension coverage declining over the past two decades, the federal government should take more steps to prioritize coverage and benefit adequacy,…

  • By: Staff
  • January 18, 2021 April 14, 2021
  • 15:00
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PSP selling stake in European rail lessor, investing in health-care technology company

The Public Sector Pension Investment Board is selling its stake in Alpha Trains, a Europe-based lessor of locomotives and passenger trains. The PSP, which has…

  • By: Staff
  • January 15, 2021 April 14, 2021
  • 09:01
ACPM calling on feds to streamline pension overpayment recovery

ACPM calling on feds to streamline pension overpayment recovery

The Association of Canadian Pension Management is calling on the federal government to implement two measures to assist in identifying deceased pension plan beneficiaries and…

  • By: Staff
  • January 11, 2021 April 14, 2021
  • 09:00
Ontario Teachers’ facing pressure to divest from fossil fuels

Ontario Teachers’ facing pressure to divest from fossil fuels

An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. In…

Federal court decertifies veterans’ class action for delay on pension benefits

Federal court decertifies veterans’ class action for delay on pension benefits

The Federal Court of Appeal has decertified a $100-million class action brought by former members of the Canadian Armed Forces reserves whose retirement benefits were…

OMERS Sponsors Corp. changing board structure

The Ontario Municipal Employees Retirement System’s Sponsor Corp. board is changing from a co-chair to a chair and vice-chair system. After discussions on changes to…

  • December 10, 2020 January 22, 2021
  • 18:50
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Osler appointing Andrea Boctor to pensions, benefits group

Osler Hoskin and Harcourt LLP is appointing Andrea Boctor as a partner in its pensions and benefits group. Boctor’s practice encompasses all areas of pensions…

  • December 10, 2020 January 18, 2021
  • 18:47
PIAC responds to consultation on pension benefit security, windup valuations

PIAC responds to consultation on pension benefit security, windup valuations

The Pension Investment Association of Canada is commenting on a consultation from the Canadian Institute of Actuaries’ actuarial standards board, providing feedback on benefit security, stress testing…

  • By: Staff
  • December 4, 2020 April 28, 2021
  • 08:45