Latest news in Governance/legislation

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
Copyright_jameschen25_123RF

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…

Copyright_foodandmore_123RF

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…

Copyright_psisa_123RF

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…

Copyright_ Audtakorn Sutarmjam_123RF

CAPSA’s draft CAP guideline alters industry standards, say ACPM, CLHIA, PIAC

The Association of Canadian Pension Management, the Canadian Life and Health Insurance Association and the Pension Investment Association of Canada say the Canadian Association of…

  • By: Staff
  • August 10, 2023 August 9, 2023
  • 09:00

Wildfires crystallizing threats of catastrophic climate change for pension plan administrators

British Columbia’s wildfires have crystallized the threats pension plan administrators across that province face from catastrophic climate change events, says Damara Kiceniuk, senior risk analyst…

FSRA appoints Andrew Fung as acting EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as acting executive vice-president of pensions. Fung joined the provincial regulator in 2018 as…

  • By: Staff
  • August 8, 2023 March 20, 2024
  • 09:00

How DC plan sponsors can prevent a Muslim pension gap

With the Muslim population steadily growing in Canada, employers that offer defined contribution pension plans can avoid unintentionally creating a pension gap by providing these…

New federal legislation around missing pension plan members should include ongoing plans: ACPM

In response to the federal government’s consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members, the Association…

  • By: Staff
  • August 1, 2023 August 1, 2023
  • 15:00

U.S. government launching initiative to encourage more employee ownership

The U.S. Department of Labor is launching an employee ownership initiative to encourage more employers and employees to take advantage of these opportunities. The new…

  • By: Staff
  • July 26, 2023 July 25, 2023
  • 09:00

Approaches to climate scenario analysis could create challenges for investors: study

Approaches to climate scenario analysis are currently based on “implausible” assumptions that could delay action and create fiduciary duty challenges for investors, according to a…

Copyright_alekstaurus_123RF

Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC

The federal government’s plan to consolidate Canada mortgage bonds into the Government of Canada bond program could limit pension funds’ ability to mitigate risk through…

  • By: Staff
  • July 24, 2023 July 21, 2023
  • 09:00
Copyright_ilixe48_123RF

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

An article on how global pension funds compare in terms of transparency was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • July 21, 2023 July 21, 2023
  • 09:00
Copyright_Wittaya Doktanyong_123RF

U.S. gen X workers falling short of retirement savings targets: report

While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per…

  • By: Staff
  • July 20, 2023 July 19, 2023
  • 09:00
Copyright_jovannig_123RF

Five Canadian pension funds receive top scores for transparency: benchmark

Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM…

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

What does the Thames Water debacle mean for investment risk management?

As Thames Water Utilities Ltd. came under fire this month for its financial mismanagement and poor environmental record, the debacle highlights institutional investors’ responsibilities around…

  • July 18, 2023 July 17, 2023
  • 09:00

U.K. legislation aims to increase DC pension savings

The U.K. government is introducing legislation that aims to increase defined contribution pension plan savings by more than £1,000 a year in retirement for the…

  • By: Staff
  • July 17, 2023 July 14, 2023
  • 09:00
Copyright_aberheide_123RF

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

An article on the Canada Post Corp. pension plan’s 2022 results was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • July 14, 2023 July 13, 2023
  • 09:00

Is the single-employer DB pension plan dead or merely modernizing for the future?

Predictions of the demise of defined benefit pension plans are premature. The reality is DB is still alive and well in the public sector, with…

Alberta government accused of sitting on provincial pension feasibility study

Alberta’s finance critic says a report on the feasibility of a provincial replacement for the Canada Pension Plan has been kept back from the public…

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