Latest news in Governance/legislation

Changes to tax rules can improve Canadians’ retirement security: report

Changes to tax rules can improve Canadians’ retirement security and make the retirement system more equitable, according to a new report by the C.D. Howe…

  • By: Staff
  • June 23, 2023 June 22, 2023
  • 09:00

2023 Top 100 Pension Funds Report: How to improve retirement outcomes across diverse plan member groups

At the beginning of April, the OPSEU Pension Trust made a change to a definition in its plan text that will have meaningful implications for…

LAPP appointing Troy Mann as president, CEO

The Local Authorities Pension Plan Corp. is appointing Troy Mann as president and chief executive officer. He joins the Edmonton-based organization from the Alberta Pensions…

  • By: Staff
  • June 22, 2023 June 21, 2023
  • 12:30

Younger 401(k) participants struggling with emergency savings, student debt: survey

Generation Z (28 per cent), millennial (25 per cent) and generation X (21 per cent) 401(k) members rank a lack of emergency savings as one…

  • By: Staff
  • June 19, 2023 June 15, 2023
  • 15:00

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

An article on Saskatchewan’s Public Employees Benefits Agency transition to a not-for-profit corporation was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • June 16, 2023 June 15, 2023
  • 09:00
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Post-election a good time for Alberta to seriously explore leaving CPP: expert

The Fraser Institute’s president says Alberta’s newly elected premier should ride the wave of the United Conservative Party’s election win and move forward with exploring…

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Saskatchewan’s pension and benefits administrator transitioning to not-for-profit model

Saskatchewan’s Public Employees Benefits Agency is transitioning to a not-for-profit corporation. The PEBA began pursuing the transition in 2021 at the request of the trustees…

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

An article on seven questions that employers should ask as the coronavirus pandemic moves into an endemic phase was the most-read story on BenefitsCanada.com over…

  • By: Staff
  • June 9, 2023 June 8, 2023
  • 09:00

Amendment to Manitoba pension legislation providing flexibility for beneficiary designation

An amendment to Manitoba’s Beneficiary Designation Act allows a pension plan member’s legal representative to now make a beneficiary designation on behalf of the member if…

  • By: Staff
  • June 8, 2023 August 7, 2024
  • 09:00

2023 GIC coverage: Improving Canadians access to pensions

In his session at the 2023 Global Investment Conference, Derek Dobson, the Colleges of Applied Arts and Technology pension plan’s chief executive officer, called back…

More than 20 U.K. pension organizations forming coalition to tackle pension inequalities

More than 20 U.K. pension organizations are forming an industry coalition to tackle pension inequalities. The Pensions Equity Group aims to increase the number of people…

  • By: Staff
  • June 5, 2023 June 5, 2023
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on Amazon Canada’s ‘Dogs at Work’ program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • June 2, 2023 June 1, 2023
  • 09:00

Why are individual pension plans poorly understood by the pension sector?

While individual pension plans have been around since 1991, they aren’t being widely used by the people they’re designed to help and remain poorly understood…

ACPM urging Retraite Québec to increase flexibility in funding municipal, university DB pension plans

The Association of Canadian Pension Management is urging Retraite Québec to provide additional flexibility in the funding of municipal and university defined benefit pension plans. In…

  • By: Staff
  • May 29, 2023 May 29, 2023
  • 09:00
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Cyber attack compromises U.K. pension plan members’ personal information

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the…

  • By: Staff
  • May 25, 2023 May 25, 2023
  • 12:30

Wells Fargo agrees to pay $1BN to public retirement plan members to settle class action lawsuit

Wells Fargo has agreed to pay US$1 billion to settle a lawsuit filed by its two public sector pension plans that alleged the bank made…

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Manitoba, NL formally join multi-jurisdictional pension plan agreement

Manitoba and Newfoundland and Labrador have officially ratified an agreement on multi-jurisdictional pension plans, which will come into effect on July 1.  In March, the…

  • By: Staff
  • May 16, 2023 May 16, 2023
  • 12:30
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Expert panel: How DB pension plan sponsors can use surplus

In 2022, the typical defined benefit pension plan achieved an investment return of roughly negative 12 per cent. However, due to dramatic increases in bond…

2022 Pension Leadership Awards winners announced

The Canadian Investment Review is proud to announce the winners of the third annual Pension Leadership Awards. The winners are: Investment Officer of the Year Award: Duncan…

  • By: Staff
  • May 16, 2023 June 6, 2023
  • 08:00
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Top 5 HR, benefits, pension and investment stories of the week

A pair of surveys on the state of Canadian workers’ mental health were among the most-read stories on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • May 12, 2023 May 11, 2023
  • 09:00

Canada’s lasting influence on Arizona’s public sector pension investor

There’s something about the Arizona State Retirement System — a US$49.3-billion defined benefit-like hybrid pension plan for the state’s 600,000 current and former public sector…

Coverage of the 2023 DC Plan Summit

At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought…

2023 DC Plan Summit: How Australia, the U.S. are tackling decumulation challenges

While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent…

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Canadian DB pension plan assets rise 1.9% in April: report

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:00

Expert panel: What does Canadian pension legislation say about polyamory?

In December 2022, the Supreme Court of Justice of Colombia released an unexpected decision: two men, who had been in a polyamorous relationship with a…