…It is very significant that more than half the plan sponsors are considering further derisking measures, given that nearly three-quarters of them have already taken steps to derisk,” said Fred Vettese, chief actuary at Morneau Shepell
This estimate of the solvency liabilities reflects the new CIA guidance published in January 2014 for valuations effective December 31, 2013 or later.
The Autorité des marchés financiers du Québec (AMF) and the Régie des rentes du Québec (RRQ) each recently published draft regulations respecting voluntary retirement savings plans (VRSP) ...
Every year, companies must establish an expense for their defined benefit pension plans.
A draft Regulation to amend the Regulation respecting supplemental pension plans was published in the March 12th Gazette officielle du Québec.
“With people living this much longer, it will eventually be ludicrous to think of ‘normal’ retirement occurring at 65,”
On March 28, 2014, the Canadian Association of Pension Supervisory Authorities (CAPSA) released Guideline No. 8 “Defined Contribution Pension Plans Guideline” (DC Guideline) in final form ..
On March 31, 2014, the new Wills, Estates and Succession Act (the “Act”) came into force in British Columbia. The Act helps to simplify and codify the rules affecting wills and estates.
Through the Pan-Canadian Competitive Value Price Initiative for Generic Drugs, the Council of the Federation announced that the prices of four more prescription drugs will be limited to 18% of the brand name price effective April 1, 2014.
The biggest stories of the quarter with significant ongoing impact - April 2014