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CAPSA developing multi-jurisdictional VPLA framework for DC pension plans

Pension plan committees applying virtual-meeting lessons to second year of pandemic


DON’T
Stray too far from the agenda
“The key to connecting online is getting used to the Hollywood Squares style. When you’re speaking to nine screens at once, you can’t get the same kind of eye contact or body language,” he says.
But virtual meetings aren’t all bad, according to Woo, who suggests that our glasses are becoming more rose-tinted the longer we go without face-
to-face meetings.
For example, he says the long-haul flights and exhausting inter-city car rides that are required to get the members of many pension committees together in one room can take their toll on participants, not to mention the sponsor’s balance sheet and the environment. ....

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Pension regulators step up amid turmoil | Benefits Canada.com


Feedback from stakeholders is favourable, for the most part.
“On the whole, pension regulators have been sensible and reasonable,” says Gavin Benjamin, partner in Morneau Shepell Ltd.’s retirement solutions business.
They’ve been responsive as well, which could help account for the positive reviews. “Regulators have been very engaged in consultations with stakeholders,” says Andrea Boctor, a pension partner at Osler, Hoskin & Harcourt LLP.
Hindsight (on 2020) is 20/20
Indeed, experts recognized the unfairness of using hindsight to evaluate decisions taken in uncertain times and fluid conditions. Still, opinions vary somewhat depending on the performance of individual regulators and regional sensitivities. ....

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