The Association of Canadian Pension Management is weighing in on the Canadian Association of Pension Supervisory Authorities’ consultation on its defined contribution pension plan guideline. In a letter to the CAPSA, the association said it’s concerned about the requirements related to decision-making tools and requiring plan administrators to provide annual estimates of member account values […]
The Association of Canadian Pension Management has found its new chief executive officer in Ric Marrero. Recently serving as interim chief executive officer, Marrero is taking on the role effective immediately. He has served the organization since 2012, formerly as its marketing and communications director. “In the past year, he has navigated the organization through various […]
ACPM consultation response says Fed rules make it tough for pension funds.
Scott Perkin fondly recalls his appearance before the House of Commons Standing Committee on Finance in 2010. The Canadian pension landscape was being shaken by funding challenges, record-low interest rates and the protest in September of that year by Nortel pensioners angered by the windup of their $2.5-billion underfunded plan. As president of The Association of Canadian Pension Management (ACPM), Perkin expected he’d be asked to outline the association’s position on one or two topics. Instead, committee members peppered him with questions on a host of issues.
Pensions are inextricably tied to the economy, said Malcolm Hamilton, an actuary with Mercer (Canada) Ltd., speaking recently in Toronto at the Association of Canadian Pension Management’s spring session, Checking the Pulse of Pension Reform. “If the markets do well, any pension will work. If the economy is bad, any pension—no matter how good—will fail,” […]