Information

FAQ's

• What is Pension Governance?
• What factors are driving pension governance?
• Why is Pension Governance important?
• What's important in Canada

• A Process of Prudent Plan Management
• A formal structure for review
• Governance Concerns
• Plan Funding
• Plan Design
• Plan Administration, Recordkeeping & Communication
• Performance Measurement
• Investment Manager Reviews
• Investment Manager Searches
• Cost & Benefit Analysis
• Plan Member Education
• Employee assistance at retirement

• An aging population with heightened focus on employer pension plans
• More awareness at the individual level
• Increased levels of investment sophistication
• A Requirement for Process
• Potential Liability/Risk to Fiduciaries
• Shift in investment decisions and pension promise to employee

• The Board of Directors is ultimately responsible for Pension Governance
• The Pension Benefits Act has set standards

• Poor performance
• Higher costs
• Member dissatisfaction
• Potential liability to fiduciaries

• Efficiency
• Prudence
• Consistency
• Due Diligence

• The process that is used is important, not the product which has been chosen
• There must be an audit trail created and maintained
• It must be evident that managerial judgement is exercised throughout the process