Latest news in Governance/legislation

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…

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…

ORPP: Good in theory, bad in practice

ORPP: Good in theory, bad in practice

Over the years, a growing chorus of voices has been pleading with the provinces to lighten up on the overburden of pension regulation and give…

  • By: Joe Nunes
  • August 13, 2015 September 13, 2019
  • 07:00
Mixed reaction to ORPP announcement

Mixed reaction to ORPP announcement

The Government of Ontario announced key details in the design of the Ontario Retirement Pension Plan (ORPP) on Tuesday and reaction to the announcement was…

  • By: Staff
  • August 11, 2015 September 13, 2019
  • 12:52
ORPP should imitate Australia’s DC system, not CPP: Report

ORPP should imitate Australia’s DC system, not CPP: Report

As Ontario moves forward with its mandatory provincial pension program, it should use Australia’s DC system as a model instead of the Canada Pension Plan…

  • By: Staff
  • August 11, 2015 September 13, 2019
  • 11:43
Ending Canada’s retirement woes must go beyond CPP: Study

Ending Canada’s retirement woes must go beyond CPP: Study

To eliminate its retirement income insecurity, Canada needs to overhaul every aspect of its retirement system, instead of simply focusing on whether to expand the…

  • By: Staff
  • August 11, 2015 September 13, 2019
  • 11:26
ORPP design details announced

ORPP design details announced

The Government of Ontario has announced additional details on pension plan comparability regarding the Ontario Retirement Pension Plan (ORPP).

Court ruling affects pension plan administrators

Court ruling affects pension plan administrators

A recent Ontario Court of Appeal decision raises new cautions—and underscores existing ones—for administrators of registered pension plans with members employed or last employed in…

Why the ORPP is a good move

Why the ORPP is a good move

The time is right to shore up our retirement system, and the Ontario Retirement Pension Plan (ORPP) is a step in the right direction.

Voluntary CPP expansion wouldn’t change the way Canadians save

Voluntary CPP expansion wouldn’t change the way Canadians save

In May, the Conservative government said it will look into allowing Canadians to voluntarily put more of their earnings into the Canada Pension Plan. Announced…

Federal government aims to streamline PRPP oversight

Federal government aims to streamline PRPP oversight

The federal government has launched a public comment period for an agreement intended to streamline the oversight of pooled registered pension plans (PRPPs).

  • By: Staff
  • July 16, 2015 September 13, 2019
  • 12:28
Nova Scotia provides framework for new pension plan designs

Nova Scotia provides framework for new pension plan designs

Among the numerous changes in Nova Scotia’s new Pension Benefits Act (PBA) and Regulations that took effect on June 1, 2015, is a framework for…

  • By: Staff
  • July 3, 2015 September 13, 2019
  • 11:10
Quebec proposes changes to pension funding rules

Quebec proposes changes to pension funding rules

Quebec has introduced a bill that makes major changes to the funding rules for private sector DB plans, says an Eckler Special Notice. Bill 57…

  • By: Staff
  • June 22, 2015 September 13, 2019
  • 11:29
Newfoundland and Labrador reaches agreement on teachers’ pension plan

Newfoundland and Labrador reaches agreement on teachers’ pension plan

The Government of Newfoundland and Labrador has agreed to contribute more than $1.8 billion in the form of a promissory note to the Teachers' Pension…

  • By: Staff
  • June 17, 2015 September 13, 2019
  • 00:01