ACPM – Benefits Canada.com

ACPM urging Retraite Québec to address recovery measures timing in draft pension amendment

bwolfe — Tue, 16 Nov 2021 20:00:17 +0000

The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a letter to the pension plan administrator, the ACPM said that a section of the amendment — stating that recovery measures in the event of insufficient contributions to a target-benefit pension […]

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ACPM calling on OSFI to address funding asymmetry in DB pension regulation

Gideon Scanlon — Tue, 21 Sep 2021 13:00:39 +0000

The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to address funding asymmetry in its approach to regulating defined benefit pension plans using a portfolio replicating approach. In an open letter to the OSFI, Ric Marrero, the ACPM’s chief executive officer, raised concerns related to planned revisions […]

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CAPSA developing multi-jurisdictional VPLA framework for DC pension plans

bwolfe — Wed, 04 Aug 2021 13:00:25 +0000

The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the framework, the CAPSA said it will address topics such as plan design and conversion options, as well as member disclosure, spousal consent, plan termination, investment rules and regulatory oversight for […]

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Transfer of assets to N.B.’s unclaimed property program could reduce burden on pension plans

Jennifer Paterson — Wed, 23 Jun 2021 19:00:16 +0000

The Association for Canadian Pension Management is urging New Brunswick’s Financial and Consumer Services Commission to ensure unclaimed entitlements from ongoing pension plans are eligible for transfer to the province’s unclaimed property fund at the option of the plan administrator. Under a proposed revision to New Brunswick’s unclaimed property program, organizations and government entities holding […]

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More clarity needed in pension rules following marriage breakdown: ACPM

bwolfe — Wed, 12 May 2021 13:00:46 +0000

The Association of Canadian Pension Management is calling for increased clarity regarding Ontario’s rules for the valuation and division of pension payments following a marriage breakdown. In response to a consultation by the Financial Services Regulatory Authority of Ontario, the ACPM recommended the draft guidance document include an example of an exception to the rule […]

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Canadian MEPPs facing challenges due to provincial funding requirements, plan growth

bwolfe — Wed, 24 Mar 2021 05:00:36 +0000

Canada’s multi-employer pension plans are facing a wide range of challenges, from funding requirements to future growth, according to a recent webinar hosted by the Association of Canadian Pension Management. The group benefits and pensions division of Newfoundland & Labrador Municipal Employee Benefits Inc. is currently seeking a renewal of its solvency-funding exemption from the […]

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ACPM calling on feds to prioritize DB plan coverage and adequacy

mschmit — Mon, 18 Jan 2021 11:00:42 +0000

With private-sector defined benefit pension coverage declining over the past two decades, the federal government should take more steps to prioritize coverage and benefit adequacy, according to a new consultation paper from the Association of Canadian Pension Management. The paper said solvency funding relief should be a key priority, with options based on factors including […]

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ACPM calling on feds to streamline pension overpayment recovery

mschmit — Mon, 11 Jan 2021 05:00:44 +0000

The Association of Canadian Pension Management is calling on the federal government to implement two measures to assist in identifying deceased pension plan beneficiaries and in recovering overpaid amounts. In its letter to the department of Finance Canada, the ACPM requested that plan administrators be permitted to recover tax withheld at source through a credit […]

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Institutional investors share experiences with ESG investing

mschmit — Mon, 23 Nov 2020 04:42:35 +0000

Demand for defined benefit pension plan sponsors to focus on environmental, social and governance factors through their investments is growing. Both plan sponsors and members have been increasingly vocal about keeping ESG issues top of mind. For example, the Healthcare of Ontario Pension Plan has worked on balancing this increased appetite for ethical investing with […]

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Pension plans focusing on ethical, responsible investing

mschmit — Thu, 19 Nov 2020 05:00:36 +0000

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