CAPSA highlights strategic initiatives, key updates in bi-annual communique.
December 10, 2024
The Canadian Association of Pension Supervisory Authorities has published its latest bi-annual communique, summarizing updates from its summer meeting.
Notably, CAPSA members approved Guideline No. 3, detailing updated expectations of regulators regarding the operation of Capital Accumulation Plans, and Guideline No. 10, which provides regulator expectations regarding risk management practices in pension plan administration.
Both guidelines were published in September, fulfilling two major deliverables promised in CAPSA’s 2023-2026 Strategic Plan. Further details on these guidelines can be found in our recent Sidebars on Guideline No. 3 and Guideline No. 10.
According to the update, CAPSA is now focusing its attention on advancing other strategic initiatives identified in the Strategic Plan, including:
- Variable Payment Life Annuities: CAPSA’s VPLA Policy Committee has produced a legislative framework to support governments developing VPLA legislation, including recommendations for rule harmonization across jurisdictions.
- Decumulation: CAPSA’s Decumulation Committee is currently conducting research and engaging industry stakeholders to develop recommendations for CAPSA members.
To read the full report, click on more information below:
