Latest news in Governance/legislation

Maximum pensionable earnings for 2019 and other CRA updates

Maximum pensionable earnings for 2019 and other CRA updates

The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2019 will be $57,400, up from $55,900 in…

Great-West Life’s Aarssen awarded for industry leadership

Great-West Life’s Aarssen awarded for industry leadership

Perseverance, communication and innovation are just a few of the words used to describe Jeff Aarssen. Aarsseen, the recently retired vice-president of group customer sales at Great-West…

  • By: Ryan Murphy
  • October 30, 2018 September 13, 2019
  • 09:00
Ford promises pension ‘regulatory relief’ for Algoma steelworkers

Ford promises pension ‘regulatory relief’ for Algoma steelworkers

Ontario’s Premier Doug Ford is pledging his support for Ontario steelworkers and their pensions in the wake of the United States’ government’s 25 per cent tariff on Canadian steel.…

  • By: Staff
  • October 29, 2018 September 13, 2019
  • 16:00
Public sector pension changes coming when Alberta legislature resumes

Public sector pension changes coming when Alberta legislature resumes

Alberta Premier Rachel Notley says the NDP government will introduce new pension legislation soon after the legislature resumes Monday. Speaking to the United Nurses of Alberta,…

B.C. launches consultation on new options for pension solvency funding

B.C. launches consultation on new options for pension solvency funding

The government of British Columbia is kicking off a conversation on reforming the province’s solvency funding rules in an effort to encourage private sector companies…

  • By: Staff
  • October 24, 2018 September 13, 2019
  • 16:15
Global pension systems struggling to balance adequacy, sustainability: report

Global pension systems struggling to balance adequacy, sustainability: report

Tension between pension adequacy and sustainability is growing across the world, according to the annual Melbourne Mercer Global Pension Index. The Netherlands and Denmark have…

  • By: Staff
  • October 22, 2018 September 13, 2019
  • 16:10
Feds must act to protect Sears’ Canadian pensioners: CARP

Feds must act to protect Sears’ Canadian pensioners: CARP

The Canadian Association of Retired Persons is calling out the federal government, saying it’s unfair the pensions of Sears Holding Corp.’s American employees will be protected…

  • By: Staff
  • October 22, 2018 September 13, 2019
  • 09:15
How Ontario’s pension regulation changes will impact DC plans

How Ontario’s pension regulation changes will impact DC plans

Ontario’s pension regulatory landscape has seen a number of recent changes, with many of these affecting defined contribution plan sponsors, according to one expert. Speaking at…

FSCO opens consultation on updated pension surplus policies

FSCO opens consultation on updated pension surplus policies

The Financial Services Commission of Ontario is in the process of updating its surplus policies. Once released, the updated policies will be posted for consultation,…

  • By: Staff
  • October 17, 2018 September 13, 2019
  • 16:00

Pension stakeholders call on feds to remove barriers to longevity risk pooling

Seven major pension stakeholders are urging the federal government to make longevity risk-pooling arrangements  available to Canadians. The group includes the Association of Canadian Pension…

  • By: Staff
  • October 15, 2018 February 8, 2023
  • 09:20
Top 50 DC Plans Report: How plan sponsors can blend DB features into their DC pension plans

Top 50 DC Plans Report: How plan sponsors can blend DB features into their DC pension plans

Imagine there was an option to assemble the ideal retirement savings plan: a pinch of automatic features, a teaspoon of benefits guarantee, a cup of…

U.S. institutional investors petition SEC to regulate ESG disclosure

A group of U.S. institutional investors is petitioning the Securities and Exchange Commission to impose an obligation on companies to report on certain prescribed environmental,…

  • By: Staff
  • October 5, 2018 January 13, 2021
  • 09:15
CAPSA must clarify sections on fees in DC guidelines: ACPM

CAPSA must clarify sections on fees in DC guidelines: ACPM

The Association of Canadian Pension Management is weighing in on the Canadian Association of Pension Supervisory Authorities’ consultation on its defined contribution pension plan guideline.…

  • By: Staff
  • October 3, 2018 September 13, 2019
  • 15:00
Lobby group calling on feds to let nuclear workers rejoin public pension

Lobby group calling on feds to let nuclear workers rejoin public pension

The Canadian Alliance of Nuclear Workers is calling on the federal government to allow employees to remain members of the public service defined benefit pension plan.…

Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians should have the option of pure longevity insurance and the government should facilitate Canadian insurers’ ability to offer it, according to a new…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 10:28

CAPSA’s proposed DC pension guideline requires further clarification: CLHIA

While the Canadian Life and Health Insurance Association generally supports the Canadian Association of Pension Supervisory Authorities’ proposed guideline on defined contribution pension plans, certain areas require further clarification.…

  • By: Staff
  • September 12, 2018 September 13, 2019
  • 09:00
Canada rises two spots in global retirement index: report

Canada rises two spots in global retirement index: report

Canada rose two spots to No. 9 among 43 countries in Natixis Investment Managers’ 2018 global retirement index. The modest rise in Canada’s ranking is…

FSCO publishes chart with five scenarios under new DB pension funding regime

FSCO publishes chart with five scenarios under new DB pension funding regime

In response to its new defined benefit pension funding regime, the Financial Services Commission of Ontario has developed a chart illustrating the rules applicable in five…

  • By: Staff
  • August 30, 2018 September 13, 2019
  • 09:20
Proposed federal regime for unclaimed pension balances flawed: CLHIA

Proposed federal regime for unclaimed pension balances flawed: CLHIA

The federal government’s proposed framework for unclaimed pension balances is fundamentally flawed, according to the Canadian Life and Health Insurance Association. In a letter to…

  • By: Staff
  • August 29, 2018 September 13, 2019
  • 09:30
Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Three years ago, the Alberta Pensions Services Corp. was facing a bitter fact. Though one of our key corporate goals is to begin paying benefits…

How are retirement solutions affected by wealthier Canadians living longer?

How are retirement solutions affected by wealthier Canadians living longer?

While Canadians’ increasing longevity has been a growing issue for pension plans and providers alike, its effect on quality of living can vary significantly across income…

  • By: Staff
  • August 24, 2018 September 13, 2019
  • 09:00
PIAC reasserts unclaimed balance regime as solution to missing pension members

PIAC reasserts unclaimed balance regime as solution to missing pension members

The Pension Investment Association of Canada has submitted its comments on the federal government’s unclaimed pension balances framework, noting the solution to the problem is the…

  • By: Staff
  • August 17, 2018 September 13, 2019
  • 16:00
Governance lessons from B.C.’s public sector pension plans

Governance lessons from B.C.’s public sector pension plans

While retirement income security is top of mind for many Canadians, British Columbia’s public sector pension plans are noteworthy models that can be emulated by sponsors…

  • August 15, 2018 September 13, 2019
  • 08:00
Pharmacare, flexible annuity options top CLHIA’s wish list for 2019 federal budget

Pharmacare, flexible annuity options top CLHIA’s wish list for 2019 federal budget

Pharmacare and flexible annuity options top the Canadian Life and Health Insurance Association’s list of recommendations for the upcoming 2019 federal budget. In its submission, the…

  • By: Staff
  • August 10, 2018 September 13, 2019
  • 09:05
DC plan sponsors’ wish list for legal protections supporting decumulation offerings

DC plan sponsors’ wish list for legal protections supporting decumulation offerings

Even as regulators move to expand decumulation options for Canadians in defined contribution pension plans, the degree to which employers will actually adopt the solutions…