pension regulation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 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-93/ Fri, 02 Aug 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=158692 An article detailing how Canada’s exemplary pension regulatory system is helping to safeguard plans from mismanagement was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Culture of compliance prevents mismanagement, conflict at Canadian pension funds: expert 2. OPB making key appointments […]

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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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]]> Ontario DB pension plans’ average solvency ratio increases to 122% in Q1 2024: FSRA https://www.benefitscanada.com/pensions/defined-benefit-pensions/ontario-db-pension-plans-average-solvency-ratio-increases-to-122-in-q1-2024-fsra/ Mon, 17 Jun 2024 19:00:22 +0000 https://www.benefitscanada.com/?p=156991 The average projected solvency ratio for Ontario defined benefit pension plans was 122 per cent as of March 31, 2024, up three per cent from Dec. 31, 2023, according to a new report by the Financial Services Regulatory Authority of Ontario. It found 90 per cent of DB plans were projected to be fully funded […]

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]]> Where do Canadian institutional investors stand on calls for increased domestic investments? https://www.benefitscanada.com/news/cir-news-news/where-do-canadian-institutional-investors-stand-on-calls-for-increased-domestic-investments/ Thu, 04 Apr 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=152900 A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]

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]]> Clear, flexible regulations needed for target-benefit plans: report https://www.benefitscanada.com/pensions/governance-law/clear-flexible-regulations-needed-for-target-benefit-plans-report/ Tue, 19 Mar 2024 13:00:06 +0000 https://www.benefitscanada.com/?p=153230 Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from the C.D. Howe Institute. The report analyzed data collected from 29 target-benefit plans registered in British Columbia, which was the first province to implement these plans. Read: Report finds disconnect […]

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]]> Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds https://www.benefitscanada.com/pensions/governance-law/removal-of-30-rule-could-boost-investment-reduce-private-equity-fees-for-canadian-pension-funds/ Thu, 23 Nov 2023 16:00:40 +0000 https://www.benefitscanada.com/?p=147562 If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension plan sponsors and other investment organizations could increase their holdings in high-performing assets, have greater oversight and accountability of their assets and see a decrease in fees for private equity, according […]

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]]> Manitoba, NL formally join multi-jurisdictional pension plan agreement https://www.benefitscanada.com/pensions/governance-law/manitoba-nl-formally-join-multi-jurisdictional-pension-plan-agreement/ Tue, 16 May 2023 16:30:43 +0000 https://www.benefitscanada.com/?p=138100 Manitoba and Newfoundland and Labrador have officially ratified an agreement on multi-jurisdictional pension plans, which will come into effect on July 1.  In March, the two provinces announced their intention to sign the agreement, which had previously been adopted by every other province except Prince Edward Island. The agreement’s adoption was contingent on an amended […]

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]]> PIAC praising CAPSA’s strategic plan for addressing regulatory inconsistency https://www.benefitscanada.com/pensions/cap/piac-praising-capsas-strategic-plan-for-addressing-regulatory-inconsistency/ Thu, 23 Mar 2023 16:30:46 +0000 https://www.benefitscanada.com/?p=135573 The Pension Investment Association of Canada is praising the Canadian Association of Pension Supervisory Authorities for addressing the regulatory inconsistencies facing Canada’s defined contribution pension plan sponsors in its draft strategic plan for 2023-2026. “We commend CAPSA for its achievements in engaging with stakeholders to consider evolving regulatory risks and [capital accumulation plan] guideline development,” […]

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]]> How InBenefits is aiming to prove the potential of target-benefit pensions https://www.benefitscanada.com/archives_/benefits-canada-archive/how-inbenefits-is-aiming-to-prove-the-potential-of-target-benefit-pensions/ Fri, 18 Nov 2022 13:53:09 +0000 https://www.benefitscanada.com/?p=129492 Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and motorcyclist. Today, InBenefits’ chief executive officer’s perspective informs his interest in alternative pension models. Put simply, he believes people don’t make the best decisions about safeguarding their futures. It’s a […]

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]]> Ontario seeking feedback on framework for target-benefit pension plans https://www.benefitscanada.com/pensions/governance-law/ontario-seeking-feedback-on-framework-for-target-benefit-pension-plans/ Thu, 17 Nov 2022 18:00:53 +0000 https://www.benefitscanada.com/?p=129981 In its fall economic statement, the Ontario government said it will ask stakeholders to provide feedback this winter on a draft framework for target-benefit pension plans. “Implementation of a permanent target-benefit framework would pave the way for more employers to offer workplace pension plans, increasing the opportunities for workers to save for their retirement,” said the […]

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