Latest news in Governance/legislation

Greek farmers clash with riot police in pensions protest

Greek farmers clash with riot police in pensions protest

Greek farmers wielding shepherd’s staffs and throwing rocks clashed with riot police in Athens on Friday as thousands headed to the capital for a two-day…

CLHIA calls for one-year delay to ORPP

CLHIA calls for one-year delay to ORPP

The Canadian Life and Health Insurance Association (CLHIA) has called for a one-year delay of the ORPP. In its 2016 Ontario Budget Submission, written to Ontario Minister…

Lawsuit filed against IAM pension fund

Lawsuit filed against IAM pension fund

The U.S. Department of Labor has filed a lawsuit against the International Association of Machinists (IAM) National Pension Fund and its board of trustees, citing…

Ontario spent $600K on ORPP ads during election: taxpayer group

Ontario spent $600K on ORPP ads during election: taxpayer group

Premier Kathleen Wynne is defending nearly $600,000 the government spent in advertising the Ontario Retirement Pension Plan during the federal election campaign. The Canadian Taxpayers’ Federation…

Raising the bar on pension plan governance

Raising the bar on pension plan governance

New regulations and legislation around plan administration is changing the state of play for pension governance. It is no longer a nice to have; it’s…

SIPP requirements: Out of the boilerplate and into the boiler

SIPP requirements: Out of the boilerplate and into the boiler

Pension plan administrators have a fiduciary duty to invest plan assets prudently and in the best interests of plan beneficiaries. This much, to quote Jane…

  • By: Mark Firman
  • February 3, 2016 September 13, 2019
  • 09:34
Greece enters new round of bailout talks amid pension reform unrest

Greece enters new round of bailout talks amid pension reform unrest

Greece’s leftwing-led government is entering a new round of negotiations with its creditors over progress on the latest bailout program, amid angry union reactions to…

Conservatives and NDP express ORPP concerns

Conservatives and NDP express ORPP concerns

As the Ontario government continues to forge ahead with its plans for the Ontario Retirement Pension Plan (ORPP) by announcing new details and features this…

ORPP design and feature details announced

ORPP design and feature details announced

The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP). In a press conference this morning, Ontario…

ORPP will deliver a serious dose of pension awareness

ORPP will deliver a serious dose of pension awareness

No matter which position you take on the Ontario Retirement Pension Plan (ORPP), one thing is certain: its introduction offers a unique opportunity to engage and…

ACPM urges government to delay ORPP

ACPM urges government to delay ORPP

The Association of Canadian Pension Management (ACPM) has asked the Ontario government to delay the implementation of the Ontario Retirement Pension Plan (ORPP) by one year. In a letter to…

Greeks protesting pension and tax reforms block highways

Greeks protesting pension and tax reforms block highways

Greek farmers angry at planned pension and tax reforms have expanded their campaign of blocking highways and closed a border crossing to Bulgaria. About 1,500…

Trucking industry’s ORPP concerns ‘laid to rest’

Trucking industry’s ORPP concerns ‘laid to rest’

The Ontario Trucking Association (OTA) said that one of its key concerns about the Ontario Registered Pension Plan (ORPP) has been “laid to rest for…

UK confirms cap on early exit pension charges

UK confirms cap on early exit pension charges

The UK government has announced an end to prohibitive charges faced by people looking to access their pension pot early. The plans will cap excessive…

Lawyers rally against Greek pension reform

Lawyers rally against Greek pension reform

Several thousand lawyers marched to parliament Thursday to protest a planned overhaul of the pension system by Greece’s government. Chanting “No retreat till we’re vindicated,” the lawyers…

ORPP progress report published

ORPP progress report published

Associate Minister of Finance Mitzie Hunter has written to Ontario Premier Kathleen Wynne with the latest progress report for the Ontario Retirement Pension Plan (ORPP). While the…

Legislative round-up: pension dates for 2016

Legislative round-up: pension dates for 2016

To stay up to date on legislative changes in the pension industry, it is important to bookmark a few key dates for 2016. January 1,…

  • By: Staff
  • January 8, 2016 September 13, 2019
  • 09:10
New pension funding rules in Quebec

New pension funding rules in Quebec

Major changes to the rules around the funding of private sector defined benefit pension plans took effect on January 1, 2016 in Quebec. The changes in Bill…

2015 CAP Suppliers Report: Provinces hold the keys to CPP expansion

2015 CAP Suppliers Report: Provinces hold the keys to CPP expansion

Whether Prime Minister Justin Trudeau’s promise to enhance the CPP can shift from being a mere campaign pledge to becoming reality hinges on the provinces—and…

  • By: Doug Watt
  • December 17, 2015 September 13, 2019
  • 08:55
Deadline extended for BC’s Pension Benefits Standards Act

Deadline extended for BC’s Pension Benefits Standards Act

The deadline for filing amendments with respect to British Columbia’s Pension Benefits Standards Act (PBSA) has been extended by three months. Pension plan amendments required…

Scrap ORPP, but expand CPP, says Mintz

Scrap ORPP, but expand CPP, says Mintz

The ORPP is “a harebrained idea,” according to Dr. Jack Mintz, economist and fellow at the University of Calgary. Speaking at the 2015 Portfolio Management…

  • By: Melissa Shin
  • November 24, 2015 September 13, 2019
  • 16:51
Actuaries call for pension reform

Actuaries call for pension reform

Canada’s governments should act now to reform the Canada Pension Plan, says the Canadian Institute of Actuaries. Federal and provincial governments have a “once-in-a-generation opportunity…

  • By: Staff
  • November 13, 2015 September 13, 2019
  • 10:30
B.C. introduces new pension standards

B.C. introduces new pension standards

The British Columbia government is announcing new standards for workplace pension plans, creating options that could be activated even before an employee retires.

U.S. Steel Canada asks court to stop some pension contributions

U.S. Steel Canada asks court to stop some pension contributions

U.S. Steel Canada says it will be filing a motion with the Ontario Superior Court of Justice seeking an order to continue its operations and…

  • By: Staff
  • September 18, 2015 September 13, 2019
  • 11:28
Pension funds need to consider climate change risks: Study

Pension funds need to consider climate change risks: Study

Climate change is one of the biggest risks faced by Canadian pension plans and plan managers may be forced into taking public stands to fulfil…