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ACPM raises concern over CAPSA's risk management guideline in open letter


November 15, 2023

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The Association of Canadian Pension Management (ACPM) has provided comments on the draft Canadian Association of Pension Supervisory Authorities’ (CAPSA) draft Guideline for Pension Plan Risk Management .

In an open letter, ACPM expressed concerns that the draft Guideline attempts to address a wide range of disparate topics (such as cyber security, investment risk, and ESG), which limits its practical effectiveness. The ACPM also noted that the draft Guideline provides limited guidance for administrators of smaller pension plans.

ACPM suggests that CAPSA streamline and shorten the draft Guideline for clarity, emphasizing practical “takeaways” for plan administrators that will provide a clearer vision of how to fulfil their fiduciary duties with respect to risk management.

Click on more information below to read the full letter:

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