Blog

February 24, 2020

FSRA’s Supervisory Approach to DB Single-Employer Pension Plans

Over the past few months, I’ve had the pleasure of serving on one of the first Pension Technical Advisory Committees established by the Financial Services Regulatory […]
February 10, 2020

Wind-up by Stealth™

Last Fall, the Financial Services Regulatory Authority of Ontario (FSRA) published an outside-the-box Guidance Approach which has not gained much attention, but I believe that it […]
January 28, 2020

Final Changes to the Pension Commuted Value Standard

The Actuarial Standards Board (“ASB”) has recently released its long-awaited changes to the Pension Commuted Value Standards.  This communication will discuss the key changes to the […]
January 13, 2020

The 30th Actuarial Report on the CPP – December 31, 2018

Just as we were heading into the holidays, Canada’s chief actuary published the 30th Actuarial Report on the Canada Pension Plan as at December 31, 2018.  […]
January 3, 2020

Looking Back on 2019, and Looking Ahead in 2020

It is again that time of year, when pension plan sponsors take stock of their experience in 2019 and make plans for 2020. What happened in […]
December 20, 2019

Pension Funding Reform in B.C. and Manitoba

The legislators in Western Canada have been busy this fall, requiring me to write one last blog before the end of 2019. Manitoba Pension Reform On […]
December 10, 2019

FSRA Assessments – Holiday Bills Come Early

The Financial Services Regulatory Authority of Ontario (“FSRA”) surprised us all last month by getting a jump on the post-holiday bill hangover and issuing a non-regularly […]
November 25, 2019

Is it my turn to Retire? – Part ll

I was talking with a buddy last week who was having a crappy time at work.  Recent changes in the office has him working with new […]
November 12, 2019

DB Comeback – Part ll

It always feels a little self-serving to say anything positive about the future of DB plans.  With that said, I have spent most of the past […]
October 28, 2019

Sustainable Target Benefit Plans

Historically, industry conversations around pension plans have revolved around single-employer defined benefit pension plans (DB) and single-employer defined contribution programs (DC).  Much of the provincial and […]
October 15, 2019

What can DB Sponsors Expect at Year-end?

As we enter the fourth quarter of 2019, it is worthwhile for pension plan sponsors to review their plan’s recent investment performance and current funded status, […]
September 30, 2019

You Can’t Out-invest a Savings Problem

The thing I love most about Toronto is the traffic.  Second on my list is the cost of parking.  Oh wait, my list was upside down, […]