Latest news in Governance/legislation

Ontario casts doubt on PRPPs

Ontario casts doubt on PRPPs

In the provincial budget tabled yesterday, the Ontario government stated that it has several concerns with the federal model of pooled registered pension plans (PRPPs)…

  • By: Tammy Burns
  • March 28, 2012 September 13, 2019
  • 08:36
Delaying retirement: The debate carries on

Delaying retirement: The debate carries on

Canadians are staying in the workforce longer, but whether that’s a good or bad thing depends on whom you ask.

  • By: Tammy Burns
  • March 27, 2012 September 13, 2019
  • 13:02
Inspiration: How Malcolm Hamilton helped reform Canada’s pension system

Inspiration: How Malcolm Hamilton helped reform Canada’s pension system

A passion for using Excel files to model financial trends led Toronto-based Malcolm Hamilton to the uncomfortable realization, in the mid-1990s, that DB plans were…

  • By: Leigh Doyle
  • March 23, 2012 September 13, 2019
  • 10:47

Where I was when… Enactment of the PPA

In August 2006, President George W. Bush signed the Pension Protection Act (PPA) into law. For Douglas Fisher, senior vice-president of benefit policy development and…

Quebec offers (at last!) PRPP leadership

Quebec offers (at last!) PRPP leadership

Yesterday, the Quebec government tabled its 2012 budget, which included detailed provisions for the voluntary retirement savings plan (VRSP). The VRSP is Quebec’s version of…

  • By: Greg Hurst
  • March 21, 2012 September 13, 2019
  • 13:33
Industrial Alliance to offer VRSPs

Industrial Alliance to offer VRSPs

Industrial Alliance has announced that it plans to offer voluntary retirement savings plans (VRSPs), starting on the Quebec government's target date of Jan. 1, 2013.

  • By: Staff
  • March 21, 2012 September 13, 2019
  • 08:40
Quebec unveils VRSP details

Quebec unveils VRSP details

Quebec has announced it will introduce voluntary retirement savings plans (VRSPs), targeted at small and medium-sized enterprises and the self-employed. VRSPs will be similar to…

  • By: Tammy Burns
  • March 21, 2012 September 13, 2019
  • 07:53
Scrap Ontario’s PBGF: Fraser Institute

Scrap Ontario’s PBGF: Fraser Institute

Ontario should scrap its Pension Benefits Guarantee Fund (PBGF) in favour of a less risky alternative, says a new report from the Fraser Institute, entitled…

  • By: Staff
  • March 20, 2012 September 13, 2019
  • 12:13

Canadians don’t want OAS changes: Poll

Don’t sacrifice pensions. That’s the message from Canadians according to a new Ipsos Reid poll done for Postmedia News and Global TV.

  • By: Staff
  • March 19, 2012 September 13, 2019
  • 09:27
Are you ready for Dodd-Frank?

Are you ready for Dodd-Frank?

In the wake of the recent financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in July 2010.

  • By: Arti Sharma
  • March 14, 2012 September 13, 2019
  • 13:40

C.D. Howe head recommends OAS changes

Ottawa should move to reform seniors' benefits by letting recipients choose richer payments, later, from the Old Age Security and Guaranteed Income Supplement programs if…

  • By: Staff
  • March 13, 2012 September 13, 2019
  • 10:17
N.S. exempts universities from solvency test

N.S. exempts universities from solvency test

The Nova Scotia government has announced it’s making a change to provincial pension regulations in order to help flailing Dalhousie University.

Governing your pension plan

Governing your pension plan

Pension standards legislation in Canada allows an employer to act as the administrator of its single employer pension plan. However, as a plan administrator, an…

OAS and age: When are we old?

OAS and age: When are we old?

Back in December, the federal government eliminated the last vestiges of mandatory retirement in Canada. It did this by repealing the sections of the Canadian…

  • By: Fred Vettese
  • February 29, 2012 September 13, 2019
  • 10:30
OSFI updates letters of credit FAQs

OSFI updates letters of credit FAQs

The Office of the Superintendent of Financial Institutions has updated its frequently asked questions regarding letters of credit.

  • By: Staff
  • February 28, 2012 September 13, 2019
  • 10:17
Could tax-free plans solve the pension puzzle?

Could tax-free plans solve the pension puzzle?

Prime Minister Stephen Harper put pensions on the front page with his announcement on Jan. 23, 2012, that the federal government is considering reducing the…

Canadians lacking confidence in CPP

Canadians lacking confidence in CPP

Nearly half of all Canadians have little or no confidence in the future of the Canada Pension Plan, reports CTV News.

  • By: Staff
  • February 22, 2012 September 13, 2019
  • 11:15
The Drummond report’s pension recommendations

The Drummond report’s pension recommendations

On Feb. 15, 2012, the Commission on the Reform of Ontario’s Public Services released its report. Chaired by noted economist Don Drummond, and announced in…

Pensioners group says retirement security “under attack”

Pensioners group says retirement security “under attack”

The National Pensioners and Senior Citizens Federation (NPSCF) has taken to Ottawa today to lobby Members of Parliament for better pension coverage and support for…

  • By: Staff
  • February 7, 2012 September 13, 2019
  • 13:28
U.S. issues 401(k) fee disclosure rule

U.S. issues 401(k) fee disclosure rule

The U.S. Department of Labor has unveiled its final 401(k) fee disclosure rule, which requires plan providers to provide more details about what employers pay…

  • By: Staff
  • February 7, 2012 September 13, 2019
  • 09:41
Pension reform in Canada: A timeline

Pension reform in Canada: A timeline

With the federal government introducing pooled registered pension plans, the future of pensions is top of mind for plan sponsors, providers and each of the…

Pension reform timeline: Prince Edward Island

Pension reform timeline: Prince Edward Island

Dec. 2, 2010 P.E.I. government introduces Bill 30, Pension Benefits Act, the province’s proposed provincial pension standards legislation. Jessica Bullock is in the pension and…

Pension reform timeline: Quebec

Pension reform timeline: Quebec

Mar. 17, 2011 Quebec Government tables 2011 Quebec Budget and announces proposal to implement voluntary retirement savings plans (VRSPs). Further details respecting VRSPs are set…

Pension reform timeline: British Columbia

Pension reform timeline: British Columbia

Nov. 14, 2008 Alberta/British Columbia Joint Expert Panel on Pension Standards releases its final report. Jessica Bullock is in the pension and employee benefits group…

Pension reform timeline: Alberta

Pension reform timeline: Alberta

Nov. 14, 2008 Alberta/British Columbia Joint Expert Panel on Pension Standards releases its final report. Jessica Bullock is in the pension and employee benefits group…