August 4, 2020

Hide and Seek with Financial Consequences

Unlocated pension plan members have long been a problem for virtually every pension plan and unfortunately this problem will never really go away.  The best that […]
July 20, 2020

Genetic Testing and the Right to Privacy

On July 10, 2020, the Supreme Court of Canada delivered its ruling that the Genetic Non-Discrimination Act, passed by the Federal Government in 2017, was constitutional […]
July 6, 2020

Mid-Year Update and the Case for an Early Valuation

For sponsors of defined benefit pension plans, the first half of 2020 has been interesting, to say the least.  When the COVID-19 pandemic first started to […]
June 22, 2020

Population Aging and Investing

Some of my readers like my submissions that are industry focused: commuted values, saving for retirement, etc.  Other readers like when I leave the trusted path […]
June 9, 2020

FSRA’s (Mostly Reasonable) Limitations on Commuted Value Transfers

Since 2009, defined benefit pension plan administrators in Ontario have had to regularly monitor the transfer ratio (“TR”) of their pension plan and are required to […]
May 25, 2020

Risk Analysis in Valuation Reports – FSRA’s Looking for More

In recent weeks, FSRA has caused a bit of a stir in the actuarial community with their recent guidance on the contents in an actuarial valuation […]
May 13, 2020

Dear PIAC – We are Here to Help

The May 8, 2020 letter from the Pension Investment Association of Canada (PIAC) to the Commissioner of the Competition Bureau hit my desk this morning.  Thanks […]
April 27, 2020

Childhood Lessons from Adversity

I was born in the 1970s and my childhood and youth was spent under a communist regime in Poland until the end of the 1980s when […]
April 20, 2020

COVID 19 – The Balancing Act

COVID-19 vs The Economy When anyone starts a conversation about ‘restarting the economy’ they are often quickly accused of being an insensitive rich person that doesn’t […]
April 13, 2020


If you asked me, I would have said that telecommuting has been around since the 1990s.  When I looked it up it seems like it has […]
April 6, 2020

Commuted Values for Target Pension Arrangements

Editor’s Note:  This commentary was written before the April 6, 2020 announcement by the Actuarial Standards Board of the decision to delay the implementation for the […]
March 23, 2020

The Power of Postponed Retirement

This was supposed to be a big day for me.  Unfortunately for all of us, COVID-19 has taken over not only the entire media landscape but […]