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ARTICLE · 20 APRIL 2014

CAPSA Provides Additional Guidance Regarding Defined Contribution Plans

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On March 28, 2014, the Canadian Association of Pension Supervisory Authorities released "Guideline No. 8: Defined Contribution Pension Plans Guideline".

CanadaEmployment and HR
Andrew Harrison
Andrew Harrison
James Fu
James Fu
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On March 28, 2014, the Canadian Association of Pension Supervisory Authorities released Guideline No. 8: Defined Contribution Pension Plans Guideline. The Guideline supplements existing CAPSA guidance related to DC plans and provides additional guidance to plan administrators, plan sponsors, employers, service providers, fund holders and members with respect to defined contribution pension plans. Although the Guideline is not a legal requirement, it reflects the expectations of regulators regarding the operation of DC plans. For plan administrators, in particular, the Guideline can assist in meeting their fiduciary duties.

THE NEW GUIDELINE

The purposes of the Guideline are four-fold:

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