pension regulation – Benefits Canada.com

Mandating Canadian pension funds’ domestic investments could harm plan members: study

bmcgovern — Thu, 27 Jun 2024 13:00:19 +0000

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

bmcgovern — Mon, 17 Jun 2024 19:00:22 +0000

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?

bmcgovern — Thu, 04 Apr 2024 13:00:53 +0000

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

bwolfe — Tue, 19 Mar 2024 13:00:06 +0000

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

bmcgovern — Thu, 23 Nov 2023 16:00:40 +0000

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

Gideon Scanlon — Tue, 16 May 2023 16:30:43 +0000

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

Gideon Scanlon — Thu, 23 Mar 2023 16:30:46 +0000

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

Gideon Scanlon — Fri, 18 Nov 2022 13:53:09 +0000

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

Gideon Scanlon — Thu, 17 Nov 2022 18:00:53 +0000

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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2022 DCIF: What are the legal considerations for ESG investing for DC plan sponsors?

Jennifer Paterson — Mon, 17 Oct 2022 11:52:50 +0000

Increasingly, defined contribution plan sponsors are grappling with adding environmental, social and governance investing options to their plans as a growing number of members ask for them, but the legal landscape for ESG investing is complicated, according to Kathy Bush, partner at Blake Cassels & Graydon LLP, during Benefits Canada’s 2022 DC Investment Forum in late […]

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