The introduction of pooled registered pension plans in Ontario could prevent an enhanced Canada Pension Plan from materializing, said a CUPE Ontario representative at the second day of public hearings on Tuesday.
Canada’s financial services industry showed its support for Pooled Registered Pension Plans (PRPPs) at the first day of public hearings in Ontario on Monday.
The Standing Committee on Social Policy is expected to meet next week to consider Bill 57, An Act to create a framework for pooled registered pension plans (PRPPs) and to make consequential amendments to other acts.
Both small business and insurance industry leaders exhorted the Pooled Registered Pension Plan (PRPP) as a preferable option over the ORPP. But PRPPs may be akin to Dr. Seuss’s Zizzer-Zoof Seeds, at least outside of Quebec.
The Government of Ontario has introduced legislation to create the Ontario Retirement Pension Plan and pooled registered pension plans.
Ontario's budget unveiled details about an Ontario Retirement Pension Plan and legislation for pooled registered pension plans (PRPPs) and received mixed reaction.
Passive products like ETFs and index funds could help plan sponsors get around potential regulatory gaps when it comes to pooled registered pension plans (PRPPs). .
Industrial Alliance was granted a licence by the Office of the Superintendent of Financial Institutions to administer the federal pooled registered pension plan.
The Office of the Superintendent of Financial Institutions, has issued a licence to Great-West Life through its subsidiary, London Life, to administer pooled registered pension plans.
The Ontario Ministry of Finance has released a discussion paper on pooled registered pension plans (PRPPs).