federal government – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Investment funds targeting domestic assets a roadmap to boosting Canadian infrastructure allocations: expert https://www.benefitscanada.com/canadian-investment-review/alts/investment-funds-targeting-domestic-assets-a-roadmap-to-boosting-canadian-infrastructure-allocations-expert/ Tue, 15 Oct 2024 15:00:56 +0000 https://www.benefitscanada.com/?p=161294 Investment funds that are designed to entice Canadian institutional investors to allocate more capital in domestic assets could open up conversations regarding the most effective way to boost investments at home, says Colin Busby, director of policy engagement at the C.D. Howe Institute. In September, the Globe and Mail reported there was little interest among […]

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]]> Feds moving ahead with sustainable investing guidelines, but details still scarce https://www.benefitscanada.com/news/cir-news-news/feds-moving-ahead-with-sustainable-investing-guidelines-but-details-still-scarce/ Fri, 11 Oct 2024 19:00:17 +0000 https://www.benefitscanada.com/?p=161304 Finance Minister Chrystia Freeland said the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce. The move comes as a wide range of investors, asset managers and environmental groups have been pushing the government to roll out such guidelines, also known as green […]

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]]> PIAC recommending flexible sustainability reporting framework for institutional investors https://www.benefitscanada.com/news/cir-news-news/piac-recommending-flexible-sustainability-reporting-framework-for-institutional-investors/ Mon, 07 Oct 2024 13:00:59 +0000 https://www.benefitscanada.com/?p=161016 The Pension Investment Association of Canada is recommending the development of a flexible framework to guide institutional investors’ sustainability reporting, while encouraging innovation and addressing greenwashing. In an open letter to the Competition Bureau, the PIAC said it would oppose any model that imposes disincentives on businesses disclosing strategy and process as it evolves. It argued that […]

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]]> Feds seeking feedback on solvency reserve accounts for federally regulated DB pension plans https://www.benefitscanada.com/pensions/defined-benefit-pensions/govt-seeking-feedback-on-solvency-reserve-accounts-for-federally-regulated-db-pension-plans/ Thu, 26 Sep 2024 15:00:19 +0000 https://www.benefitscanada.com/?p=160504 The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s proposed model, first announced in 2022, these accounts would be optional and constitute a separate account within a DB plan. In a press release, the government said solvency reserve accounts […]

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]]> Extending ‘25-and-out’ legislation could stabilize public sector pension plans’ maturity issues: expert https://www.benefitscanada.com/pensions/retirement/extending-25-and-out-legislation-could-stabilize-public-sector-pension-plans-maturity-issues-expert/ Thu, 01 Aug 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=158594 The federal government’s move to introduce legislation extending pension eligibility to frontline public safety and law enforcement workers after 25 years of service could help manage room for new hires and ensure stable plan maturity, says James Fu, partner and national leader of pensions and benefits law at Borden Ladner Gervais LLP. Hundreds of frontline workers […]

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]]> Competition Bureau to speed development of guidance on new greenwashing rules https://www.benefitscanada.com/news/cir-news-news/competition-bureau-to-speed-development-of-guidance-on-new-greenwashing-rules/ Tue, 09 Jul 2024 19:00:05 +0000 https://www.benefitscanada.com/?p=157763 The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]

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]]> Canada’s missing navigation tool in the push to lower emissions https://www.benefitscanada.com/news/cir-news-news/canadas-missing-navigation-tool-in-the-push-to-lower-emissions/ Tue, 02 Jul 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=157574 It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

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]]> Mandating Canadian pension funds’ domestic investments could harm plan members: study https://www.benefitscanada.com/canadian-investment-review/research-markets/mandating-canadian-pension-funds-domestic-investments-could-harm-plan-members-study/ Thu, 27 Jun 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157443 A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]

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]]> Pharmacare bill passes in House of Commons, heads to Senate https://www.benefitscanada.com/benefits/health-benefits/pharmacare-bill-passes-in-house-of-commons-heads-to-senate/ Tue, 04 Jun 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=156527 The federal government’s pharmacare bill is headed to the Senate after passing third reading in the House of Commons. The bill was the result of careful and lengthy negotiations between the Liberals and the New Democratic Party as a key element of their political pact to prevent an early election. Read: Liberals table bill paving way […]

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]]> More work to be done on feds’ plan to encourage domestic pension investments: lawyers https://www.benefitscanada.com/canadian-investment-review/alts/more-work-to-be-done-on-feds-plan-to-encourage-domestic-pension-investments-lawyers/ Thu, 23 May 2024 13:00:16 +0000 https://www.benefitscanada.com/?p=155907 The federal government’s promise to encourage Canadian institutional investors to invest more domestically is taking shape with two key initiatives found in the 2024 budget. The first involves the creation of a working group led by Stephen Poloz, former Governor of the Bank of Canada, to explore domestic opportunities for Canadian institutional investors in various […]

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