Several new developments in 2019 point towards greater government intervention to manage drug prices as well as the cost of public drug plans.
The British Columbia (BC) Ministry of Finance released a report in August 2019 outlining a proposal for changes to minimum funding requirements for BC-registered defined benefit (DB) pension plans.
On August 13, 2019, the new Ontario pension regulator, the FSRA of Ontario, announced that it intends to commence imposing summary AMPs effective for filings due on or after September 30, 2019.
The Financial Services Regulatory Authority of Ontario (FSRA) has created a new role of “Delegated Administrator” under the Pension Services Portal (PSP).
The Actuarial Standards Board (ASB) of the Canadian Institute of Actuaries recently announced that it would not move forward with an updated mortality improvement scale in its upcoming revised pension Commuted Value Standards (the Revised...
Every year, companies must establish an expense for their defined benefit pension plans.
Recently, Morneau Shepell issued its 19th annual survey on the economic assumptions used by Canadian public companies to account for the costs of their defined benefit plans.
On August 6, 2019, the Ontario Ministry of Finance released proposed legislative amendments that would permit pension plans to use electronic communications as a default communication method...
The new Ontario pension regulator, the Financial Services Regulatory Authority of Ontario (FSRA), has released a new rule updating fees and assessments payable by the pension sector.
In July 2019, Retraite Québec added a new web page summarizing the Annuity Purchasing Policy.