Latest news in Governance/legislation

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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

PIAC comments on FSRA’s plan for missing plan members

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…

  • By: Staff
  • September 23, 2020 November 26, 2020
  • 09:30

FSRA updates guidance for pension plans concerned about filing deadlines

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…

  • By: Staff
  • June 23, 2020 November 26, 2020
  • 09:30
Navigating pension fiduciary duties during coronavirus pandemic

Navigating pension fiduciary duties during coronavirus pandemic

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…

How are pension plan sponsors’ fiduciary duties evolving in the time of coronavirus?

How are pension plan sponsors’ fiduciary duties evolving in the time of coronavirus?

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…

2019 Top 50 DC Plans Report: What does the future hold for hybrid pension plans?

While defined contribution pension plans evolve and defined benefit plans decline, the McGill University pension plan is a true blend of both types — at…

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Playing defence when it comes to investment governance

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…

Coronavirus prompting CAP sponsors to review TDF suites

2019 Top 100 Pension Funds Report: Deconstructing pension protection, promises and priorities

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…

Feds proposals for variable benefits present opportunity to revisit PRPP rules: PIAC

Feds proposals for variable benefits present opportunity to revisit PRPP rules: PIAC

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…

  • By: Staff
  • June 5, 2019 September 13, 2019
  • 09:00
How Canadian legislation is moving to solve issue of missing pension members

How Canadian legislation is moving to solve issue of missing pension members

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…