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PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated defined benefit pension plans, said David Lawson, the PIAC’s new chair. In an emailed statement to Benefits Canada, he said as DB plan sponsors continue to face […]

Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024

While it’s impossible to predict exactly how pension case law will evolve in future, one can offer an educated guess at some legislative developments and other issues that may confront pension plan sponsors and administrators in the coming year. Risk management Plan sponsors can expect a continued focus on risk management as a key part […]

Expert panel: What does 2024 hold in store for the pension industry?

With the arrival of the new year, there are three topics that will be important for pension plan sponsors, members and other industry stakeholders in 2024. The economy and financial markets At the end of 2023, the Canadian economy and the financial markets were still feeling the after-effects of the coronavirus pandemic. Read: Expert panel: […]

Financial market regulators establish committee to implement total cost reporting plan

The Joint Forum of Financial Market Regulators is establishing a committee to help implement its total cost reporting plan. The plan aims to increase investor and policy-holders’ awareness of the ongoing costs of owning investment funds and individual segregated fund contracts. The committee, which is comprised of joint forum members and industry representatives, will provide […]

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