The Canadian Association of Pension Supervisory Authorities (CAPSA) has issued a new Guideline on Fund Holder Arrangements. CAPSA is also requesting comments on revised draft guidelines on Prudent Investment Practices and Pension Plan Funding Policy.
GUIDELINE NO. 5: GUIDELINE ON FUND HOLDER ARRANGEMENTS
This Guideline describes CAPSA's expectations regarding how pension funds should be held.
The focus of the Guideline is expressed to be:
- to highlight the governance principles related to fund holder arrangements
- to identify permitted types of fund holder arrangements
- to discuss the roles and responsibilities of key players
- to outline the expectations of pension regulators
The Guideline and a table summarizing legal requirements for fund holder arrangements in each jurisdiction can be found on CAPSA's website at http://www.capsa-acor.org/en/init/fund_holder/fund_holder.asp
DRAFT GUIDELINES: PRUDENT INVESTMENT PRACTICES AND PENSION PLAN FUNDING POLICY
CAPSA is seeking comments on revised drafts of its proposed guidelines on Prudent Investment Practices and Pension Plan Funding Policy, and a related self-assessment questionnaire. Earlier versions of these proposed guidelines were published in November 2009. Comments are requested by June 1, 2011. The drafts can be found on CAPSA's website at http://www.capsa-acor.org/en/init/prudence/prudence.asp
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