• Pension Plan Administrators Given Guidance on Prudent Investment Practices
  • November 29, 2011 | Authors: James Fu; R. Andrew G. Harrison
  • Law Firm: Borden Ladner Gervais LLP - Toronto Office
  • Pension plan administrators in Canada have the challenging task of selecting appropriate investments for pension plans, and reporting and monitoring such investments. The Canadian Association of Pension Supervisory Authorities recently released Guideline No. 6: Pension Plan Prudent Investment Practices Guideline along with a companion self-assessment questionnaire. The Guideline and questionnaire should assist administrators in deciding how to select, report and monitor investments for defined benefit and defined contribution pension plans. While the Guideline and questionnaire are guidelines and not legal requirements, they can assist plan administrators in meeting their fiduciary duties with respect to the investment of the plan’s assets.