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...

Question #2 for your pension consultant or investment consultant

Conflicts 2) What other services does your firm, or a related entity, provide? Where these services could create a conflict of interest (perceived or otherwise), how does your firm manage this to ensure that you are able to act in the best interest of the client? As a fiduciary, you will want to ensure that there are no lines of business within the firm, or...

5 Questions to ask your investment consultant or pension consultant

Many organization know they could benefit from the profenssional advice of an investment / pension consultant, but do not know where to find one that will be appropriate for their organization. If you are in the market for a consultant, or are currently working with one, you will want to ensure you are comfortable with their answers to each on of the following 5 questions

OSFI Draft Disclosure Guideline for Defined Contribution Pension Plans

The Office of the Superintendent of Financial Institutions (OSFI) has issued a Draft Disclosure Guideline for Defined Contribution Pension Plans . According to OSFI the guideline aims to “inform the pension industry of the general principles as well as more detailed requirements that OSFI will expect to be disclosed to plan members, eligible employees, and...

Liability Driven Investing Explained

Much has been discussed in the media and at the investment committees over the last few years regarding liability driven investing (LDI) at both the defined benefit pension plans and endowment / foundations. There is still a lot of confusion in the market regarding LDI, what it is, how to implement it and the benefits to plans if they do. We have found this...

Time for a new status quo?

Does a year of near historic economic upset and market volatility warrant a new perspective in terms of investing funds for individuals, endowments & foundations, or oversight responsibilities for pension committees? With the changes we have seen in the last year we can pretty much conclude that most people had an emotional and perhaps even a financial...

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