Latest news in Governance/legislation

Pension regulatory reform on the agenda as Ontario considers experts’ recommendations

Pension regulatory reform on the agenda as Ontario considers experts’ recommendations

More rule-making powers for a new regulator touted in a recent report to take over the duties of the Financial Services Commission of Ontario should…

IBM ordered to pay $23M to staff in connection to pension change

IBM ordered to pay $23M to staff in connection to pension change

IBM has been ordered to pay more than $23 million to 451 active and retired employees of its plant in Bromont, Que., a decade after…

Manitoba joins other provinces in efforts to reform CPP

Manitoba joins other provinces in efforts to reform CPP

Manitoba has joined the other provinces in working towards enhancing the Canada Pension Plan, though Premier Brian Pallister said the province’s agreement with the federal…

  • By: Staff
  • July 8, 2016 September 13, 2019
  • 09:59
What are U.S. pension plan sponsors’ top concerns?

What are U.S. pension plan sponsors’ top concerns?

Investment volatility (52 per cent), retirement benefit costs (49 per cent) and regulatory compliance (47 per cent) are U.S. employers’ top three concerns now and for…

  • By: Staff
  • July 8, 2016 September 13, 2019
  • 09:17
Ontario establishes new body to manage public pensions, investment funds

Ontario establishes new body to manage public pensions, investment funds

The Ontario government has established the Investment Management Corp. of Ontario in an effort to improve the management of public sector pensions and other investment…

  • By: Staff
  • July 6, 2016 September 13, 2019
  • 14:06
Small business calls on governments to delay CPP deal

Small business calls on governments to delay CPP deal

As the July 15 deadline for provincial leaders to commit to an expanded Canada Pension Plan approaches, the Canadian Federation of Independent Business is calling…

  • By: Staff
  • July 6, 2016 September 13, 2019
  • 10:27
Update to 10% pension investment rule to come July 1

Update to 10% pension investment rule to come July 1

Amendments to the Pension Benefits Standards Act take effect on July 1, including an update to the 10 per cent rule for investments and regulations…

Pensioners suffer a blow as judge rules on Co-op Atlantic restructuring

Pensioners suffer a blow as judge rules on Co-op Atlantic restructuring

Pensioners of a New Brunswick co-operative have suffered a blow as legal wranglings continue over the fate of pensions at several Canadian companies. In Moncton,…

Manitoba wants CPP deal to go even further

Manitoba wants CPP deal to go even further

Manitoba has proposed a series of enhancements to the Canada Pension Plan agreement that it believes would make the CPP “more responsive to the realities…

  • By: Staff
  • June 28, 2016 September 13, 2019
  • 08:27
Canada and four provinces sign PRPP agreement

Canada and four provinces sign PRPP agreement

Canada, British Columbia, Nova Scotia, Quebec and Saskatchewan have signed a multilateral agreement on pooled registered pension plans and voluntary retirement savings plans which came…

  • By: Staff
  • June 27, 2016 September 13, 2019
  • 09:43
Three reasons to talk to your employees about CPP expansion

Three reasons to talk to your employees about CPP expansion

Is it your job as a plan sponsor to educate your employees about the Canada Pension Plan expansion? Most employers will consider it the federal…

Have your say: Do you like the new CPP deal?

Have your say: Do you like the new CPP deal?

Critics say premium increases will hurt businesses, paycheques and the economy. Proponents say Canada Pension Plan enhancement will provide a needed and affordable boost to…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 16:50
Feds confirm $250M price tag for CPP deal as premium details released

Feds confirm $250M price tag for CPP deal as premium details released

Expanding the working income tax benefit to offset increased Canada Pension Plan premiums for low-income workers will cost the federal government $250 million per year,…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 10:59
Ottawa, Ontario review costs from CPP expansion

Ottawa, Ontario review costs from CPP expansion

While the Canada Pension Plan deal has effectively cancelled the Ontario Retirement Pension Plan, the provincial Liberal party is still tallying up its total costs…

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‘Exciting time for retirement’ as CPP deal signals premium boost to 5.95%

Ottawa has reached an agreement in principle with most of the provinces to expand the Canada Pension Plan for the first time in nearly 20…

Despite complexities, expanded CPP the right call

Now that the finance ministers have reached an agreement on Canada Pension Plan expansion, you’d think we could all breathe a sigh of relief and…

Beware the legal risks of providing financial advice to staff

Beware the legal risks of providing financial advice to staff

Once Canadians have graduated from high school or postsecondary education, there isn’t really a formal environment that supports and facilitates group learning around issues like…

Clear objectives, transparency key to ensuring pension plan sustainability

Clear objectives, transparency key to ensuring pension plan sustainability

Much like the Greek philosopher Diogenes of Sinope and his search for an honest man, pension plan stakeholders have been seeking a sustainable plan design…

What are the legal risks of CAPSA’s projected account balance guideline?

What are the legal risks of CAPSA’s projected account balance guideline?

One sure way for sponsors of defined contribution pension plans to attract the attention of class action lawyers is to tell members what the value…

58% of Canadians favour CPP expansion: poll

58% of Canadians favour CPP expansion: poll

A majority (58 per cent) of Canadians are in favour of a moderate expansion to the Canada Pension Plan and Quebec Pension Plan, according to…

  • By: Staff
  • June 20, 2016 September 13, 2019
  • 13:15
Alberta publishes interpretive guidelines for workplace pensions

Alberta publishes interpretive guidelines for workplace pensions

The Alberta Superintendent of Pensions has released four interpretive guidelines to explain various legislative requirements around workplace pension plans that are registered in the province.…

  • By: Staff
  • June 20, 2016 September 13, 2019
  • 09:24
Morneau briefing book raises red flags on Canadian public pension investment

Morneau briefing book raises red flags on Canadian public pension investment

A briefing book prepared last fall for incoming Finance Minister Bill Morneau warns that Canada’s spending on public pensions is dramatically lower than many other…

CPP debate heats up as flurry of positions emerges ahead of Vancouver meeting

CPP debate heats up as flurry of positions emerges ahead of Vancouver meeting

As Ontario Premier Kathleen Wynne clarifies and possibly softens her line on what her government is expecting around Canada Pension Plan reform, a new report…

  • By: Staff
  • June 16, 2016 September 13, 2019
  • 10:25
Pension association calls for flexibility and clarity in CAPSA governance guidelines

Pension association calls for flexibility and clarity in CAPSA governance guidelines

The Association of Canadian Pension Management is asking the Canadian Association of Pension Supervisory Authorities to allow for some flexibility in its revised guidelines on…

  • By: Staff
  • June 15, 2016 September 13, 2019
  • 09:40
New minister appointed to oversee ORPP

New minister appointed to oversee ORPP

The Ontario Retirement Pension Plan has a new minister in charge following Ontario Premier Kathleen Wynne’s cabinet shuffle today. Among the moves was the appointment…

  • By: Staff
  • June 13, 2016 September 13, 2019
  • 12:19