Policy outlines transfer of surplus to employers on full plan wind up
Renaud appointment effective November 1
Pension assets rise in first quarter
Funds embrace foreign equities, alternative investments
The Office of the Chief Actuary has established a panel of actuaries to review the 21st Actuarial Report on the Canada Pension Plan.The panel members have all been active in the Canadian Institute of Actuaries and are Fellows. They include James Paterson, who has previously reviewed the CPP Actuarial Report and will serve as chairman; […]
The Financial Services Commission of Ontario has issued guidelines to the pension industry on the implications of the Supreme Court of Canada decision in the Monsanto Canada Inc. case.That decision, released July 29, confirmed that the Ontario Pension Benefits Act requires the distribution of pension plan surplus on both full and partial wind-up of a […]
Surplus pension assets must distributed to terminated workers in partial wind-up of pension plan
Finance Minister Ralph Goodale has reiterated his government’s commitment to dealing with the perceived tax leakage from income trusts.Goodale’s first budget, brought down last March, proposed measures to limit the size of investment and the degree of participation by pension funds in business income trusts. Pension funds haven’t been big players in this business because […]
Managers of discretionary pooled funds had a small positive median return of 0.3% during the second quarter of 2004, according to the quarterly survey of pooled fund performance by Mercer Investment Consulting.According to the survey, the positive returns for all equity asset classes were greatly offset by negative returns on bonds, resulting from an increase […]
Six principles aimed at reducing risk