As mentioned in our
February 5th blog post, the Canadian Association of
Pension Supervisory Authorities ("CAPSA") recently
published a status update on a number of guidelines. In the update,
CAPSA indicated that Guideline No. 8 – Defined Contribution
Pension Plans Guideline and Guideline No. 9 – Searching for
Un-locatable Members of a Pension Plan would be published in early
2019. On February 7th, the final version of both CAPSA
Guidelines was published.
CAPSA Guideline No. 8: Defined Contribution Pension Plans
Guideline ("DC Plans Guideline")
CAPSA first published the DC Plans Guideline in 2014. The
revised DC Plans Guideline reflects the work of the Defined
Contribution Pension Plans Committee, which focused on three major
areas: communication to members regarding variable benefits,
assumptions used in retirement projections and disclosure of
fees.
