Viewpoint Blog

Retirement Plan Administration Updates for 2010

The 2010 limit for tax-deferred contributions to a registered pension plan is $22,450, which is equivalent to an income of $124,722.22. Persons below this limit will continue to be restricted to 18% of earnings. Click here for a table showing the 2010 limits for various retirement plan types. Click here for the 2010 limits for the Canada/Quebec Pension...

Proposed Pension Reforms in Ontario

On December 9, 2009, the Government of Ontario tabled legislation proposing changes to the provincial system governing private pensions. Bill 236 stems from recommendations of the 2008 Ontario Expert Commission on Pensions. The reforms in the Bill include: •Clarifying the benefits of plan members affect by lay-offs and eliminating partial wind-ups •...

Kerry Case highlights Pension Plan Governance

The recent Supreme Court of Canada decision in the Kerry Case highlights the importance of sound pension plan governance practices. According to Simon Archer of Koskie Minsky in the article Nolan v. Kerry and its Place in Pension Deliberation “Although Kerry (and others in the line of cases) will not create or erode pension plan provision in Canada, they do...

Private & Public Real Estate usage in Pension Plans

What is the right private / public real estate allocation for pension plans and other institutional investors in today's market.

Federal Announcement on Pensions

Income Tax Act, Defined Benefit, Surplus, 10%, OSFI

Pension plans in the news

The Globe and Mail has been featuring all week, an expansive examination of the Canadian retirement landscape . Topics covered have included: - underfunding - sponsor bankruptcy - coverage - financial planning - hybrid pension plans - coverage for small employers - Canadian pension from the global perspective If you are interested in reading more, the...

Changes to Canada Pension Plan CPP

The Federal Finance Minster Jim Flaherty announced, after meetings with his provincial counterparts, proposals to make some changes to the Canadian Pension Plan (CPP). The changes are designed to increase the flexibility of the CPP and to adjust the rates for early and postponed retirement.

Question #5 - Unique Tools / Capabilities

Unique Capabilities What unique capabilities and deliverable can we expect from your firm? How will these be of benefit? In short, you will want to see what tools are available that will assist you, as a busy fiduciary, make better decisions and monitor the investments. Leading consulting firms have the ability to make the complex intricacies of investing...

Question #4 - Service Models

Service Model 4) Describe your service model in terms of deliverables and the mechanism for delivery? As a fiduciary will want to know what to expect from your consultant, in terms of level and detail of reporting. Who will attend meetings to present reports and discuss results. You will want to ensure that the service model aligns with your requirements (i...

Question #3 - Fees

Fees 3) How is your firm compensated by your clients (all sources monetary or otherwise)? There are various ways a consulting firm can get paid (i.e. hourly fee, retainer, on a project basis, commissioned selling or directed trading commissions). You will also want to be able to monitor the total fees generated and ensure that they are appropriate based on...

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