Latest news in Governance/legislation

National employers face equity questions in deciding on ORPP

National employers face equity questions in deciding on ORPP

As companies consider their options around the Ontario Retirement Pension Plan, national employers with staff who work in Ontario and other provinces face additional questions about what to do.…

Mark Machin to replace Mark Wiseman at CPPIB

Mark Machin to replace Mark Wiseman at CPPIB

Mark Machin will replace Mark Wiseman’s role as president and chief executive officer of the Canada Pension Plan Investment Board on June 13. Since 2012,…

  • By: Staff
  • May 19, 2016 September 13, 2019
  • 10:49
Alberta pension regulator extends filing deadline for Fort McMurray plans

Alberta pension regulator extends filing deadline for Fort McMurray plans

Alberta’s Office of the Superintendent of Pensions has given pension plans located in Fort McMurray a two-month extension to file their annual information returns and audited…

  • By: Staff
  • May 18, 2016 September 13, 2019
  • 09:41
Make ORPP universal and nationwide, unions tell Queen’s Park

Make ORPP universal and nationwide, unions tell Queen’s Park

Expanding the Canada Pension Plan would be the best way to fend off the retirement crisis, presenters at the Standing Committee on Social Policy hearings…

Rogers to leave FICOM for OSFI

Rogers to leave FICOM for OSFI

Carolyn Rogers, the chief executive officer of the Financial Institutions Commission of British Columbia, will be leaving FICOM at the end of July to join the…

  • By: Staff
  • May 16, 2016 September 13, 2019
  • 09:00
Ontario introduces draft rules for DB pension solvency funding relief

Ontario introduces draft rules for DB pension solvency funding relief

Ontario has introduced draft regulations to provide temporary solvency funding relief for defined benefit pension plans that it promised in the 2016 Budget. Once finalized,…

  • By: Staff
  • May 13, 2016 September 13, 2019
  • 12:48
Ontario appoints committee to recommend ORPP AC board members

Ontario appoints committee to recommend ORPP AC board members

The government of Ontario has assembled a nominating committee to recommend potential board members for the Ontario Retirement Pension Plan Administration Corporation. The chair of…

  • By: Staff
  • May 13, 2016 September 13, 2019
  • 10:39
Millennials talk ORPP with retirees in new ads

Millennials talk ORPP with retirees in new ads

Regardless of whether you agree with the Ontario Registered Pension Plan, you may find new ads from the Government of Ontario helpful for getting employees —…

Have your say: Are Canadian pension fund managers overpaid?

Have your say: Are Canadian pension fund managers overpaid?

Pension funds are under increasing scrutiny and fund manager compensation is an area of heated debate. Keith Ambachtsheer, director emeritus of the Rotman International Centre…

  • By: Staff
  • May 9, 2016 September 13, 2019
  • 10:50
Draft securities legislation would leave out pension funds

Draft securities legislation would leave out pension funds

A revised draft of legislation published by Canada’s Department of Finance has left pension funds and other “intermediaries” off the list of players that would…

  • By: Staff
  • May 6, 2016 September 13, 2019
  • 10:29
Discussions on other provinces joining ORPP ‘not happening yet’: Hunter

Discussions on other provinces joining ORPP ‘not happening yet’: Hunter

Should you beef up your defined contribution pension plan or axe it and enrol in the Ontario Registered Pension Plan instead? What if your plan is…

Exclusive survey: Employers’ attitudes towards the ORPP

Exclusive survey: Employers’ attitudes towards the ORPP

While the Ontario Retirement Pension Plan has provoked some apprehension about a potentially negative impact on defined contribution pension plans, a Benefits Canada survey of…

How to avoid legal pitfalls of pension innovation

How to avoid legal pitfalls of pension innovation

Canada’s workplace pension system is going through a recalibration due in part to an aging population and demographic shifts, declining coverage and unpredictable financial markets.…

CPP return for future retirees just 2.1%: study

Canadian employees born after 1971 can expect to receive a rate of return of just 2.1 per cent on their Canada Pension Plan contributions, according to a…

Employers urged to beware litigation risk in converting pension plans

Employers urged to beware litigation risk in converting pension plans

As the drive towards target-benefit pension plans continues to make headway in Canada, litigation risk for their sponsors is on the rise. The jurisprudence is…

Time for investment industry to yield in battle over GST on fees

Time for investment industry to yield in battle over GST on fees

In the 25-year history of the goods and services tax, its application to investment fees has been the subject of a series of battles between the…

Have your say: Should Canadian pension funds be investing in Canadian infrastructure?

Have your say: Should Canadian pension funds be investing in Canadian infrastructure?

In its first federal budget last month, the Liberal government said it would seek additional funding from Canada’s pension funds as it looks to invest more…

What employers need to know to comply with the ORPP act

What employers need to know to comply with the ORPP act

When the Ontario government announced its proposed new legislation enshrining the framework for the Ontario Retirement Pension Plan (ORPP) on April 14, it also shared some significant…

  • April 26, 2016 September 13, 2019
  • 09:14
Bill Morneau on CPP reform, the ORPP and future tax changes

Bill Morneau on CPP reform, the ORPP and future tax changes

Finance Minister Bill Morneau has been busy promoting his first federal budget on both sides of the Atlantic. This week, he continues west to such…

DC sponsors face bigger legal risks than they believe

DC sponsors face bigger legal risks than they believe

Many plan sponsors aren’t aware of the level of oversight required for their defined contribution pension plans and the legal risks that comes along with…

ORPP education for employers to come this summer

ORPP education for employers to come this summer

The Ontario Registered Pension Plan Administration Corp. will begin an extensive education campaign about the ORPP for employers this summer and a verification process for…

Justices of the peace win reprieve from pension, benefits changes

Justices of the peace win reprieve from pension, benefits changes

It seems even the judiciary isn’t immune to efforts to rein in benefits plans, including post-retirement coverage. In a recent decision of Ontario’s Divisional Court,…

PC victory in Manitoba could signal bad news for CPP expansion

PC victory in Manitoba could signal bad news for CPP expansion

While Manitoba’s Progressive Conservatives have been silent about their stance on an expansion to the Canada Pension Plan, experts predict the party’s victory Tuesday could mean the province…

  • By: Staff
  • April 20, 2016 September 13, 2019
  • 09:50
Lessons from Europe’s pension stress test

Lessons from Europe’s pension stress test

For many people, the mere mention of European Union rules conjures up images of red tape and bureaucratic minefields. So it’s hardly surprising that Europe’s…

New ORPP bill includes option for other provinces to join in

New ORPP bill includes option for other provinces to join in

A new bill for the Ontario Retirement Pension Plan introduced today will also include an option for other provinces to join in as Ontario moves…