The Pension Investment Association of Canada has released comments on the proposed strategic priorities for the newly formed Financial Services Regulatory Authority of Ontario, which will officially launch this spring. “In our first year, our focus is on burden reduction and regulatory effectiveness,” the FSRA said in a consultation paper on proposed priorities for 2019-20. […]
The Pension Investment Association of Canada has released comments on the proposed strategic priorities for the newly formed Financial Services Regulatory Authority of Ontario, which will officially launch this spring. “In our first year, our focus is on burden reduction and regulatory effectiveness,” the FSRA said in a consultation paper on proposed priorities for 2019-20. […]
The Office of the Superintendent of Financial Institutions is introducing regulations amending the assessment of pension plans on April 1, 2019. The amendments aim to streamline the process and eliminate assessments for certain terminated pension plans, noted a release from the OSFI. In July 2018, it consulted with plan administrators about the proposed amendments, with no concerns or objections […]
The Office of the Superintendent of Financial Institutions’ office of the chief actuary has appointed Assia Billig as chief actuary, effective April 15, 2019. She will succeed Jean-Claude Ménard, who will retire in mid-April after 20 years as chief actuary. Billig has worked in the office of the chief actuary for more than a decade, specializing in actuarial […]
Since plan administrators and sponsors aren’t generally pension or group retirement specialists, they depend on information from consultants and record keepers to determine the choices they’re going to make within a group retirement plan. They’re also inundated by outside information regarding what actions to take within the plan. All of this information can be overwhelming, so here are three […]
A debate on the viability of responsible investing is bubbling underneath the reaction to a recent U.S. Senate bill, aiming to further regulate proxy voting firms. Proxy voting firms help institutional investors complete shareholder votes, analyzing data and establishing votes that are reflective of a fund’s house views, while incorporating an increasing universe of potential […]
The Constitution allows Ottawa and the provinces to set up a national securities regulator, the Supreme Court says in a ruling that could help advance a plan for countrywide oversight of capital markets. In its unanimous ruling Friday, the high court also found that federal draft legislation for national regulation of the trade in stocks, […]
Ontario’s Premier Doug Ford is pledging his support for Ontario steelworkers and their pensions in the wake of the United States’ government’s 25 per cent tariff on Canadian steel. In an announcement last week to Algoma Steel Inc. employees in Sault Ste. Marie, Ont., Ford said the provincial government would be helping in the form of regulatory relief from […]
Former Chief Justice of Canada at the 2018 Risk Management Conference
Ontario’s pension regulatory landscape has seen a number of recent changes, with many of these affecting defined contribution plan sponsors, according to one expert. Speaking at the 2018 Defined Contribution Investment Forum in Toronto in September, Mark Eagles, senior manager for pension policy at the Financial Services Commission of Ontario, took delegates through the changes. The […]