On February 1, 2021 the Financial Services Regulatory Authority of Ontario (FSRA) moved to a new address.
The government of Newfoundland and Labrador has filed Regulation 4/21 and passed Bill 54, which together provide for the unlocking of benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in...
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Results of the Universe Performance survey for Q4 2020
On December 17, 2020, the province of Manitoba introduced a moratorium on special payments for defined benefit pension plans through 2021.
Effective December 31, 2020, the Regulation Respecting the Funding of Multi-jurisdictional Defined Benefit Pension Plans (the Regulation) was amended.
The evolution of the financial situation of pension plans since December 31, 2019
Every year, companies must establish an expense for their defined benefit pension plans.
Ontario Bill 213, which received royal assent on December 8, 2020, permits the FSRA of Ontario to provide for exceptions to rules pertaining to asset transfers and conversions of single employer pension plans into jointly sponsored plans.
On December 9, 2020, Alberta amended the Wills and Succession Act to permit beneficiaries to be designated electronically.