Latest news in Governance/legislation

N.L. government, unions reach deal on pension reform

N.L. government, unions reach deal on pension reform

The Government of Newfoundland and Labrador and unions have reached an agreement to make the Public Service Pension Plan sustainable.

  • By: Staff
  • September 3, 2014 September 13, 2019
  • 11:24
Private pensions to be mandatory in South Korea

Private pensions to be mandatory in South Korea

The South Korean government has decided to make private pension plans mandatory.

  • By: Staff
  • August 28, 2014 September 13, 2019
  • 10:04
Alberta’s new target benefit regime

Alberta’s new target benefit regime

Alberta is moving forward with sweeping pension reforms in the new Employment Pension Plans Act and regulations, which come into effect on Sept. 1, 2014.…

Reform needed for retirement systems

Reform needed for retirement systems

Pension and retirement systems need to reformed rapidily at a global level to meet demographic challenges, according to a report from EY.

  • By: Staff
  • August 14, 2014 September 13, 2019
  • 11:27
Pension and benefits service provider agreements: Some practical thoughts

Pension and benefits service provider agreements: Some practical thoughts

All too often, employers and plan administrators may sign an agreement without sufficient review and negotiation. Sometimes, they may enter into a service relationship without…

Pension column: Focusing on decumulation

Pension column: Focusing on decumulation

An emerging focus on the payout phase could mean a greater fiduciary role for DC plan sponsors

The future of workplace pensions

The future of workplace pensions

Without question, workplace pension plans, particularly the traditional DB plan, serve many important purposes in modern society. Employer planning and retention considerations, employee retirement security…

New Brunswick makes amendments to Pension Benefits Act

New Brunswick makes amendments to Pension Benefits Act

The Government of New Brunswick reconvened the legislative assembly to make amendments to the Pension Benefits Act that will enable retirees under the Fraser Papers’…

  • By: Staff
  • July 30, 2014 September 13, 2019
  • 11:06
Amendments to Ontario’s PBA become law

Amendments to Ontario’s PBA become law

Ontario's budget received royal assent last week and that means plans to create the Ontario Retirement Pension Plan will go ahead.

  • By: Staff
  • July 28, 2014 September 13, 2019
  • 11:35
Should B.C. have its own pension plan?

Should B.C. have its own pension plan?

Ontario has been pushing the federal government and other provinces to expand the Canada Pension Plan (CPP) as a way of dealing with, in its…

  • July 24, 2014 September 13, 2019
  • 11:04
Alberta cabinet passes pension regulation

Alberta cabinet passes pension regulation

On Tuesday, Alberta's Employment Pension Plans Regulation was passed by cabinet.

  • By: Staff
  • July 24, 2014 September 13, 2019
  • 10:33
Ontario reintroduces ORPP in budget

Ontario reintroduces ORPP in budget

The Government of Ontario has reintroduced its budget that includes the proposed Ontario Retirement Pension Plan.

  • By: Staff
  • July 15, 2014 September 13, 2019
  • 11:25
Unifor welcomes Navistar pension ruling

Unifor welcomes Navistar pension ruling

Unifor says a ruling by the Ontario Financial Services Tribunal on a long-standing pension dispute at Navistar not only upholds a previous decision on the…

  • By: Staff
  • July 15, 2014 September 13, 2019
  • 11:22
Why Canada needs just one pension regulator

Why Canada needs just one pension regulator

How many regulators does it take to ensure that Canadian employment pensions are prudently funded and properly administered? Answer: 11—one to actually regulate pensions and…

  • July 11, 2014 September 13, 2019
  • 09:00
Time to move from DB vs. DC to the middle

Time to move from DB vs. DC to the middle

There is increasing awareness of the need to move beyond the DB versus DC debate to include a middle-ground option that incorporates some of the…

  • By: Staff
  • July 10, 2014 September 13, 2019
  • 09:53
Morneau Shepell receives approval for VRSPs

Morneau Shepell receives approval for VRSPs

Morneau Shepell Asset & Risk Management, a wholly owned subsidiary of Morneau Shepell, has received approval from the Autorité des marchés financiers to administer a…

  • By: Staff
  • July 4, 2014 September 13, 2019
  • 12:13
Retirees sue New Brunswick over changes to pensions

Retirees sue New Brunswick over changes to pensions

New Brunswick is being sued by a group of retirees after the province made changes to the public sector pension plan.

  • By: Staff
  • July 3, 2014 September 13, 2019
  • 10:54
Freezing your DB plan: What to consider

Freezing your DB plan: What to consider

Freezing a DB plan can also mean more complex governance. What do plan sponsors need to know?

Federal government completes public TBP consultations

Federal government completes public TBP consultations

The federal government has concluded its public consultations on establishing a federal framework for target benefit plans and will use the input to draft legislation.

  • By: Staff
  • June 26, 2014 September 13, 2019
  • 10:40
Quebec introduces bill to reform municipal pensions

Quebec introduces bill to reform municipal pensions

The Government of Quebec says the province's municipal pensions are underfunded by $3.9 billion and has introduced a bill to try to fix the problem.

  • By: Staff
  • June 16, 2014 September 13, 2019
  • 11:53
Standard Life launches tool for group retirement sponsors

Standard Life launches tool for group retirement sponsors

Standard Life has launched a new reporting tool developed to enhance information delivery capabilities for sponsors of group pension plans and their advisors.

  • By: Staff
  • June 13, 2014 September 13, 2019
  • 13:52
Wynne-win for Ontario pension plan supporters

Wynne-win for Ontario pension plan supporters

Ontario Premier Kathleen Wynne plans to re-introduce last month's budget within 20 days after voters gave her a majority mandate on Thursday night.

  • By: Staff
  • June 13, 2014 September 13, 2019
  • 11:26
No cost certainty with CAPs

No cost certainty with CAPs

Plan sponsors that think moving from DB to DC would provide them with cost certainty may be mistaken.

B.C. legislation creates challenges for benefits administration

B.C. legislation creates challenges for benefits administration

Not long ago Canadian pension blogs were ringing the death knell and warning plan administrators about the collapse of the “spouse-in-the-house” rule arising from the…

Germany to lower retirement age for some

Germany to lower retirement age for some

The German government has passed a bill allowing some workers to retire and collect a full state pension at 63.

  • By: Staff
  • May 23, 2014 September 13, 2019
  • 10:21