Latest news in Governance/legislation

Copenhagen students win global prize for designing collective DC pension plan

Four undergraduates from the Copenhagen Business School have claimed the top prize at the 2021 McGill International Portfolio Challenge by designing a collective defined contribution…

BCI updates code of ethics, personal conduct to address DEI-related issues

The British Columbia Investment Management Corp. is updating its code of ethics and personal conduct to include a section outlining its expectations from employees around…

  • By: Staff
  • November 23, 2021 November 22, 2021
  • 10:00

Employee who didn’t read terms of stock option agreement has case overturned

The Ontario Court of Appeal has overturned a Superior Court decision that allowed an employee to receive his stock option awards throughout his 24 months…

Editorial: Company culture in the age of coronavirus

Editorial: Discussing decumulation, slow pace of change in Canada’s pension industry

If I’ve learned one thing about the Canadian pension industry over the past six years, it’s that change comes at a snail’s pace. When I…

Head to head: Should Canadian governments eliminate pension solvency funding rules?

With defined benefit pension solvency reforms gradually coming in across the country, two experts debate whether there’s a better way to ensure DB plan sustainability…

A look at the Co-operators Group’s new decumulation offering

One, as Harry Nillson crooned in his classic breakup song, can feel like the loneliest number. At the end of working life, many retirees with…

ACPM urging Retraite Québec to address recovery measures timing in draft pension amendment

The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a…

  • By: Staff
  • November 16, 2021 November 16, 2021
  • 15:00

Dynamic pension pools a viable decumulation option for Canadians: report

With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to…

  • By: Staff
  • November 16, 2021 November 15, 2021
  • 09:00

FSRA releases final guidance on impact of marriage breakdown on pension benefits

The Financial Services Regulatory Authority of Ontario is clarifying its guidance on the administration of pension benefits upon marriage breakdown. The final guidance, which came into…

  • By: Staff
  • November 12, 2021 November 12, 2021
  • 15:00

Automatic features in DC pension plans may benefit members: FSRA

The Financial Services Regulatory Authority of Ontario is encouraging defined contribution pension plan sponsors and administrators to evaluate the use of automatic features within the…

  • By: Staff
  • November 12, 2021 November 11, 2021
  • 09:00

Coverage of the 2021 Global Investment Conference

Eighteen months after the onset of the coronavirus crisis, the 2021 Global Investment Conference looked at how the uncertain global future will impact pension portfolios.…

2021 GIC coverage: Cutting through the ESG greenwash

In his keynote address at the 2021 Global Investment Conference, Karthik Ramanna, professor of business and public policy at the University of Oxford’s Blavatnik School…

2021 GIC coverage: Pension investment and the use of leverage — a tax perspective

Some four decades ago, parliamentarians voted to restrict pension funds’ ability to borrow money without losing their tax-exempt status, though their reasoning has been lost…

2021 GIC coverage: The evolution of ESG investing

The recent emphasis on environmental, social and governance issues among pension investors will continue to dominate industry conversations in the future, according to a panel…

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Canadian public sector pension plans contribute $82BN to economy: report

The economic activity from the operations of Canada’s public sector pension plans, as well as retirees spending their income from those plans, supports 877,100 jobs…

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 15:00

75% of older Canadians worrying about financial security: survey

Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and…

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 09:00

Top 5 HR, pension and benefits stories of the week

A story on the maximum pensionable earnings under the Canada Pension Plan for 2022 took the top spot over the past week on BenefitsCanada.com. Here are…

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 09:00

Bâtirente on pace to reach 2025 climate goals

One year into a five-year plan to reduce its investments in greenhouse gas-emitting companies by 50 per cent, the Bâtirente is on pace to reach…

  • By: Staff
  • November 2, 2021 November 2, 2021
  • 09:00

CPP maximum pensionable earnings rising to $64,900 in 2022

The maximum pensionable earnings under the Canada Pension Plan for 2022 is increasing to $64,900 from $61,600 in 2021. The new ceiling was calculated according to a CPP legislated…

  • By: Staff
  • November 2, 2021 November 2, 2021
  • 09:00
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Quantitative easing windup, inflation likely to benefit pension plans: expert

The end of Canada’s quantitative easing strategy and higher than expected interest rates will be beneficial to Canadian defined benefit pension plans, according to Sebastien Betermier,…

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Institutional investors demand corporate action on climate change, just transition for Indigenous peoples

A number of Canadian institutional investors are urging corporations to begin addressing climate change risks and opportunities in order to receive their investment dollars. Some…

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Canada’s public pension system places 12th in ranking of 43 countries: report

Canada ranks 12th out of 43 countries for its pension system, according to a new report by Mercer and the CFA Institute. The countries in…

  • By: Staff
  • October 21, 2021 October 21, 2021
  • 12:00
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Italy’s public pension system favours early retirees: report

The decision to favour contributors to Italy’s defined benefit pension plan during its transition to a defined contribution model favours early retirees and disadvantages younger…

  • By: Staff
  • October 21, 2021 October 21, 2021
  • 11:00

AIMCo won’t divest from hydrocarbons, says CEO

In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy…

  • By: Staff
  • October 19, 2021 October 19, 2021
  • 13:00

U.S. proposing ESG investing rules for plan sponsor fiduciaries

The U.S. Department of Labor is proposing new rules that would give pension plan fiduciaries the ability to make investment decisions based on environmental, social…

  • By: Staff
  • October 19, 2021 October 21, 2021
  • 11:00