An article on Stelco Inc.’s $1.3 billion annuity buy-in for one of its defined benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Stelco entering $1.3BN annuity buy-in for DB pension 2. KPMG allowing employees to work remotely from another province, country […]
Culture risk management can be enhanced within existing risk management frameworks, says the Canadian Institute of Actuaries, adding it doesn’t see a need for a separate guideline from the Office of the Superintendent of Financial Institutions. In an open letter responding to the OSFI’s consultation, the CIA said it wants a better understanding of any […]
As the Canadian Association of Pension Supervisory Authorities looks to update its capital accumulation plan guidelines, the amendments must reflect the changes in the industry, said Angela Mazerolle, vice-president of regulation at the Financial Services and Consumer Services Commission of New Brunswick, during a session at the 2022 Canadian Pension and Benefits Institute Forum in […]
The Association of Canadian Pension Management is providing feedback on the Accounting Standards Board’s proposed amendments to the Chartered Professional Accountants of Canada’s handbook, including changes to sections covering defined benefit pension plan obligations and amalgamations. In an open letter responding to the board’s proposal, Ric Marrero, chief executive officer of the ACPM, said when […]
The Canadian Association of Pension Supervisory Authorities is seeking feedback on three risk management guidelines. The guidelines will cover pension plans’ use of leverage, cyber risks and environmental, social and governance considerations. In a letter to stakeholders, the CAPSA said it may incorporate these guidelines into a single risk management document that will also cover […]
An article on how pension plans are approaching risk management was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: Is risk management the new frontier in pension governance? 2. Sun Life completes acquisition of U.S. dental benefits provider 3. 44% of employers believe remote […]
The International Centre for Pension Management is appointing Sebastien Betermier as its next executive director. Betermier, who is currently an associate professor of finance at the Desautels Faculty of Management at McGill University, will succeed Rob Bauer, professor of finance at the School of Business and Economics at Maastricht University, who’ll be stepping down from […]
The importance of risk management isn’t new for the majority of defined benefit pension plan sponsors and administrators. The impact of long-term interest rates, market volatility, changing demographics and increasing longevity, inflation concerns, geopolitical events and other large economic, environmental and social factors are all contributing to the need to manage the financial risks associated […]
Canada’s Maple 8 — the country’s largest eight public pension plans that manage a total of about $2 trillion in assets — use similar governance structures to consistently deliver strong returns. Pension systems around the world are difficult to manage, said Sebastien Betermier, an associate professor of finance at the Desautels Faculty of Management at […]
The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to provide more detail on how pension plans can enhance their investment risk management strategies. In an open letter responding to a consultation by the OSFI, Ric Marrero, chief executive officer of the ACPM, said while the paper […]