Latest news in Governance/legislation

What do historically low interest rates mean for DB pension de-risking?

Climate, cybersecurity risks increasing for federally regulated pension plans: OSFI outlook

Climate and cybersecurity are the leading risk factors concerning Canadian pension plan administrators, according to a pension lawyer. Susan G. Seller, a pension and benefits…

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Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement: report

Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement amid a challenging economy and ageing population, according to a…

  • By: Staff
  • October 19, 2023 October 18, 2023
  • 09:00

2023 Risk Management Conference: Super-priority bill fallout presenting DB plan sponsors with opportunities to embrace more innovative plans

Defined benefit pension plan sponsors that are considering winding up their plans or converting them to another framework following the federal government’s super-priority bill have…

2023 Risk Management Conference: A look at BCI’s transformation from a decentralized to a centralized trading approach

A centralized trading approach forms the backbone of the recently revamped British Columbia Investment Management Corp., offering a more protective process for its stakeholders, according…

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With Ford, GM employees set to join CAAT’s DBplus pension, what’s next for U.S. auto workers?

While U.S. auto workers would like to see their pension plans converted from defined contribution to defined benefit, it may be more challenging than it…

Alberta rules out Quebec pension model despite promise to wait for public feedback

Finance Minister Nate Horner says if Alberta abandons the Canada Pension Plan to run its own stand-alone fund, it will not adopt Quebec’s model, which…

Top 5 HR, benefits, pension and investment stories of the week

An article on the Association of Canadian Pension Management’s response to the Canadian Association of Pension Supervisory Authorities’ draft risk management guideline was the most-read story…

  • By: Staff
  • October 13, 2023 October 12, 2023
  • 09:00

2023 Top 50 DC Plans Report: Unleashing the power of multi-employer pension plans

Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared…

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FSRA pension plan administration guidance requires clarity, consistency, says ACPM

The Financial Services Regulatory Authority of Ontario’s proposed guidance on pension plan administrator roles and responsibilities requires more clarity and consistency, according to the Association…

  • By: Staff
  • October 12, 2023 October 11, 2023
  • 09:00
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67% of asset owners say ESG factors increasingly material to investment policy: survey

Two-thirds (67 per cent) of institutional asset owners believe environmental, social and governance factors have become more material to investment policies in the past five…

  • By: Staff
  • October 6, 2023 October 6, 2023
  • 15:00
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CAPSA pension risk management guideline too divergent, says ACPM

The Canadian Association of Pension Supervisory Authorities’ draft guideline for pension plan risk management covers too many topics and audiences, limiting its practical applicability, according…

  • By: Staff
  • October 6, 2023 October 5, 2023
  • 09:00

Alberta opposition creates counter survey on province’s ‘unicorn’ plan to quit CPP

Alberta’s opposition is launching its own survey on whether the province should leave the Canada Pension Plan, saying the government questionnaire is a “sham” and…

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Alberta deserves more than half CPP assets if it exits program: report

A report commissioned by the Alberta government estimates the province would be entitled to more than half the assets of the Canada Pension Plan if it…

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Top 5 HR, benefits, pension and investment stories of the week

An article on the 2023 Benefits Canada Healthcare Survey’s findings on plan members’ appreciation of health benefits was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • September 22, 2023 September 21, 2023
  • 09:00
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Nova Scotia Labour Board orders St. Mary’s University to resume pension contributions for plan members on LTD leave

The Nova Scotia Labour Board has ordered St. Mary’s University to resume making pension contributions for employees on long-term disability leave, reasoning that the pension…

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New target-benefit funding framework in Ontario to provide more flexibility for administrators, boards: expert

The Ontario government’s new funding framework for target-benefit plans will provide more flexibility for plan administrators and boards, says Domenic Barbiero, principal at Eckler Ltd.…

Top 5 HR, benefits, pension and investment stories of the week

An article on the Canadian Association of Pension Supervisory Authorities’ new risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • September 15, 2023 September 14, 2023
  • 09:00

CAPSA’s risk management guideline adaptable to changes in cybersecurity, ESG: webinar

The Canadian Association of Pension Supervisory Authorities’ new risk management guideline allows for additional flexibility amid evolving issues such as cybersecurity and environmental, social and…

  • By: Blake Wolfe
  • September 11, 2023 September 10, 2023
  • 09:00
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Newfoundland and Labrador arbitrator rules pension grievance can proceed despite late filing, citing ‘culture of acquiescence’

An arbitrator has ruled that a pension grievance filed seven years beyond a collective agreement’s time limit could proceed because of the employer’s “culture of…

Top 5 HR, benefits, pension and investment stories of the week

An article on the Ontario Court of Appeal upholding its decision in the Brewers Retail Inc. pension case was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • September 1, 2023 August 31, 2023
  • 09:00

Union calling for better benefits, pension accrual for wildland firefighters

Improved benefits and pensions are needed for wildland firefighters amid the unprecedented amount of wildfires in Canada this year, says Bert Blundon, president of the National Union…

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Court of Appeal upholds decision in Brewers Retail pension case

The Ontario Court of Appeal is upholding a decision that stated the Financial Services Regulatory Authority of Ontario’s efforts to block a settlement over pension…

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Updates to FSRA pension administration guidance will strengthen language around legal risks: expert

The Financial Services Regulatory Authority of Ontario is seeking feedback on proposed updates to its guidance on pension plan administrator roles and responsibilities. The updates…

Majority of U.K. DB pension plan sponsors favour annuity buyout as long-term strategy: survey

More than half of U.K. defined benefit pension plan sponsors say they’d consider ways of securing benefits for their members beyond insurance-based solutions, according to a…

  • By: Staff
  • August 15, 2023 August 14, 2023
  • 10:00

2023 Consultants Report: How are consultants helping plan sponsors make the most of their benefits, retirement data?

In 2022, Xero sent out a global survey to all of its employees asking them to rank the most important components of its total rewards…