CAPSA – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 14:17:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 How CAPSA’s fee transparency guidance is impacting plan sponsors https://www.benefitscanada.com/pensions/governance-law/how-capsas-fee-transparency-guidance-is-impacting-plan-sponsors/ Thu, 14 Nov 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=162798 The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to make them more effective, says one expert. “[CAP sponsors are] still trying to understand what this [guidance] means,” says Joseph Bevilacqua, associate partner in Aon’s wealth solutions practice. “Fees can be […]

The post How CAPSA’s fee transparency guidance is impacting plan sponsors appeared first on Benefits Canada.com.

]]> CAP member outcomes continue to rise in Q3 2024: report https://www.benefitscanada.com/pensions/cap/cap-member-outcomes-continue-to-rise-in-q3-report/ Mon, 04 Nov 2024 20:00:35 +0000 https://www.benefitscanada.com/?p=162185 Despite declining annuity rates, Canadian capital accumulation plan members retiring at the end of September experienced some of the best outcomes in more than 13 years, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of September 2024 achieved a gross […]

The post CAP member outcomes continue to rise in Q3 2024: report appeared first on Benefits Canada.com.

]]> Expert panel: How will CAPSA’s risk management guideline impact pension plan administrators? https://www.benefitscanada.com/expertpanel_/gavin-benjamin/expert-panel-how-will-capsas-risk-management-guideline-impact-pension-plan-administrators/ Thu, 17 Oct 2024 13:00:37 +0000 https://www.benefitscanada.com/?p=161349 The Canadian Association of Pension Supervisory Authorities’ guideline for risk management provides that plan administrators should create a framework to identify, evaluate, manage and monitor their plan’s material risks. The guideline encourages plan administrators to prepare a written statement with the plan’s risk appetite, risk tolerance and risk limits and that these elements are reflected […]

The post Expert panel: How will CAPSA’s risk management guideline impact pension plan administrators? appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-103/ Fri, 11 Oct 2024 13:00:43 +0000 https://www.benefitscanada.com/?p=161251 An article on why employers that mandate onsite work could see increased employee turnover was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Employers mandating onsite work may see exodus of skilled employees: expert 2. 69% of Canadian workers experiencing symptoms […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> Sounding Board: What employers need to know about CAPSA’s 2024 CAP guideline https://www.benefitscanada.com/pensions/cap/sounding-board-what-employers-need-to-know-about-capsas-2024-cap-guideline/ Thu, 03 Oct 2024 13:00:55 +0000 https://www.benefitscanada.com/?p=160820 After a two-year consultation period, the Canadian Association of Pension Supervisory Authorities released its 2024 guideline for capital accumulation plans in September. With a focus on improving plan governance and member outcomes, the 2024 guideline significantly increases compliance responsibilities for CAP sponsors. Updated regulatory guidelines are rarely shorter than their predecessors and the 2024 CAP […]

The post Sounding Board: What employers need to know about CAPSA’s 2024 CAP guideline appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-101/ Fri, 27 Sep 2024 13:00:02 +0000 https://www.benefitscanada.com/?p=160594 An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How CAPSA’s updated CAP guideline will impact plan sponsors, […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> How CAPSA’s updated CAP guideline will impact plan sponsors, members https://www.benefitscanada.com/pensions/governance-law/how-capsas-updated-cap-guideline-will-impact-plan-sponsors-members/ Tue, 24 Sep 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=160449 While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities, smaller plan sponsors may face administrative challenges in applying the guidance, says Jordan Fremont, a partner at Stikeman Elliott LLP’s pensions and benefits group. “Because [the guideline] is so detailed, I […]

The post How CAPSA’s updated CAP guideline will impact plan sponsors, members appeared first on Benefits Canada.com.

]]> Culture of compliance prevents mismanagement, conflict at Canadian pension funds: expert https://www.benefitscanada.com/news/cir-news-news/culture-of-compliance-prevents-mismanagement-conflict-at-canadian-pension-funds-expert/ Tue, 30 Jul 2024 13:00:21 +0000 https://www.benefitscanada.com/?p=158469 A culture of prudent investment standards and guideline compliance is keeping Canadian pension funds safe from some of the unique risk management cases seen abroad, says Scott McEvoy, a partner at Borden Ladner Gervais LLP. “Good governance starts at the top, it’s all about structure and process,” he says. Read: Canada’s retirement system ranks No. 12 […]

The post Culture of compliance prevents mismanagement, conflict at Canadian pension funds: expert appeared first on Benefits Canada.com.

]]> Sounding Board: How pension IT risk management guidance will impact plan sponsors https://www.benefitscanada.com/pensions/governance-law/sounding-board-how-pension-it-risk-management-guidance-will-impact-plan-sponsors/ Thu, 29 Feb 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=152486 Information technology risk has become a more prevalent concern in recent years, so it comes as no surprise that Canadian pension regulators are focused on ensuring that plan administrators manage this risk effectively. IT risk is associated with an entity’s IT infrastructure as a whole, including risk caused by error or malfunction, as well as […]

The post Sounding Board: How pension IT risk management guidance will impact plan sponsors appeared first on Benefits Canada.com.

]]> PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024 https://www.benefitscanada.com/pensions/governance-law/piac-focusing-on-pension-solvency-uniformity-capsa-risk-management-guidelines-in-2024/ Thu, 18 Jan 2024 14:00:34 +0000 https://www.benefitscanada.com/?p=150701 The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated defined benefit pension plans, said David Lawson, the PIAC’s new chair. In an emailed statement to Benefits Canada, he said as DB plan sponsors continue to face […]

The post PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024 appeared first on Benefits Canada.com.

]]>