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 regula tors

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