The Pension Investment Association of Canada is expressing its support for the Financial Services Regulatory Authority of Ontario’s draft guidelines for pension plan sponsors dealing…
The Financial Services Regulatory Authority of Ontario is updating its guidance for pension plans around filing deadlines and member communications. The update reflects the government of Ontario’s regulations…
Employers that act as pension plan administrators have statutory fiduciary duties that are defined by the plan documents and by governing pension legislation. While those duties…
While the coronavirus pandemic certainly doesn’t change pension plan sponsors’ fundamental fiduciary duty to their plan members, the crisis is creating circumstances that will test how that responsibility…
While defined contribution pension plans evolve and defined benefit plans decline, the McGill University pension plan is a true blend of both types — at…
In the world of pensions, endowments and foundations, members of governing boards and investment committees are trusted with oversight of pools of capital with significant…
Though Trish McAuliffe didn’t know much about pension benefits at the time, they were at the heart of one of her earliest working memories. In…
The federal government’s proposals around advanced life deferred annuities and variable payment life annuities represent significant enhancements in decumulation options for Canadian capital accumulation plan…
While there isn’t reliable data on just how many people are disconnected from their old pension plans, the federal government says the number could be…
While the Pension Investment Association of Canada is praising Ontario’s 2019 budget proposals, it’s also questioning how the provincial government is planning to implement them. In a…
The Nova Scotia government is moving forward with changes to its regulatory framework for defined benefit pension plans. The province’s new framework follows a review launched in…
The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans.…
The Canadian pension industry must go beyond the defined benefit versus defined contribution debate and focus on the model of the future, according to a…
Plan administrators are welcoming the increased clarity accompanying the amendment of Ontario’s Pension Benefits Act to allow for the electronic designation of beneficiaries and the re-issue…
I was lucky enough to know my great-grandmother. I remember her living to the age of 94 — “incredible,” my family would say. But not…
Generally, when a pension plan goes through a solvency or hypothetical windup valuation, the actuaries will value some of the expected liabilities as commuted lump-sum…
It may not happen this year, or next year, or even the year after that. But sometime between now and 2025, Canadian employers will almost…
Canada’s public sector pension plans are well-respected internationally for their administration, independent governance, investments, regulation and plan design. And British Columbia’s municipal pension plan is…
The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives…
A recent report highlighting that Albertans are currently paying more into the Canada Pension Plan than the province’s retirees are taking out demonstrated an example of a…
A report published by the Canadian Public Pension Leadership Council in February 2019 offers compelling evidence about the broad benefits of workplace pension plans. The report,…
Canada’s governments should consider updating the current retirement age to match the reality of today’s workforce, according to a new report by the Canadian Institute of…
The Pension Investment Association of Canada has released comments on the proposed strategic priorities for the newly formed Financial Services Regulatory Authority of Ontario, which…
In early 2016, Rogers Communications Inc. announced it would be closing its defined benefit plan to new entrants and replacing it with a defined contribution…
Defined contribution plan sponsors should consider Canada’s public pension system when designing their plans, according to a panel comparing the Canadian system to the ones…