Two tax rules result in inequity and reduced benefit security for members of defined benefit pension plans. How can they be fixed? A complex patchwork,…
Ontario PC leader John Tory says, if elected, he will give Ontario’s retirees access to their locked-in pension income beginning at age 55. Under his…
A committee chaired by Imasco’s former chairman and CEO, lawyer Purdy Crawford, has been formed to oversee the proposed structuring process of the third-party asset-backed…
Countrywide Financial employees participating in its 401(k)plan have filed a class-action lawsuit against the company, its CEO and those responsible for overseeing the employees’ retirement…
Nolan et al—representing certain members and former members of the Kerry(Canada)Inc. pension plan—have sought permission to appeal to the Supreme Court of Canada. Christine Tabbert,…
Ontario has made changes to its locking-in provisions, following the footsteps of the western provinces that have introduced different forms of “unlocking” of pension funds…
SERPs, or supplemental employee retirement plans, are non-registered plans that are generally implemented when an employee’s pension under a registered pension plan(a tax-exempt vehicle)is limited…
In the Sutherland et al. v. HBC et al. case, the Ontario Superior Court of Justice has endorsed Hudson Bay Company’s right to expand membership…
A Financial Services Commission of Ontario(FSCO)report has found there was no wrongdoing or waste of pension fund money by anyone associated with the sale of…
Canada’s Pension Benefits Standards Act(the “PBSA”)provides that: …the administrator of a plan shall not, directly or indirectly, invest the monies of the plan in the…
The Ontario Court of Appeal decision in the Kerry case contains important legal guidance for employers and plan administrators regarding the use of surplus assets.…
Some of the country’s largest pension funds want the federal government to eliminate a rule that can make investment strategies more complex and sometime put…
On June 5th, 2007, the Ontario Court of Appeal overturned a lower court decision in respect of the payment of pension plan administration expenses from…
Fourteen organizations from across Canada announced have formed the Common Front for Retirement Security(CFRS)to advocate for better governance of pensions, investments and retirement savings. The…
It’s not just anecdotal, hard research shows prudent plan sponsors are addressing climate change when making their investment decisions. In what is really an astonishingly…
Institutional investors must act as prudent investors. But that doesn’t exclude them from addressing environmental and social issues. Over the last decades, there have been…
The Ontario Court of Appeal’s decision to overturn the Divisional Court’s decision in Nolan v. Superintendent of Financial Services(otherwise known as Kerry)earlier this week resolves…
The Ontario Court of Appeal overturned the Divisional Court’s decision in Nolan v. Superintendent of Financial Services(otherwise known as Kerry)yesterday, says a brief from Osler,…
A committee of the Stanford Institutional Investors’ Forum at Stanford Law School, in cooperation with the Arthur and Toni Rembe Rock Center for Corporate Governance,…
Understanding where people’s responsibilities lie at the highest levels will aid in creating an environment that adheres to a solid governance structure. Reports of underfunded…
Despite 30 years of evolution and growth, there is still room for legislators to let plan sponsors and members work out their differences. The pension…
Canadian plan sponsors would be remiss if they didn’t keep an eye to the U.S. and the developments surrounding pension legislation. Given the scarcity of…
Alberta government lawyers have asked a judge to strike down a lawsuit from the Alberta Society for Pension Reform, which seeks $1.25 billion in damages.…
Remember the pension world’s “perfect storm”? At the time, the storm was seen as being both unpredictable and ending quickly. From a legal point of…
Finance Minister Jim Flaherty’s income trust tax announcement on Oct. 31, 2006, was certainly no treat for Canadian citizens and businesses. Earlier last year, Harper…