April 2015

April 2015

        
Pensions – New Guide: Administrator’s Guide for Defined Contribution Pension Plans

April 21, 2015 – The Pensions Divisions, Financial and Consumer Affairs Authority has published a new guide called “Administrator’s Guide for Defined Contribution Pension Plans”.  This guide is intended to provide pension plan administrative staff with recommendations that will assist in avoiding common administrative deficiencies that have been noted by the Pensions Division.

FCAA monitors registered pension plans to ensure that the plan and its administration complies with the Act. In undertaking this responsibility, FCAA staff perform desk reviews of pension plan files and conduct on-site administrative pension examinations. Common deficiencies have been identified through these undertakings.

This guide focuses on the following areas:

• Enrollment of Eligible Employees
• Contribution Deduction and Remittance Practices
• Communications
• Written Statement of Investment Policies and Procedures
• Joint Annual Information Return
• Governance Policies and Procedures

For more information, please contact:

Pensions Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-7650
Fax: (306) 798-4425      

    
Pensions – Revised Bulletin: Pension Plan Investments

April 21, 2015 – The Pensions Divisions, Financial and Consumer Affairs Authority has revised its publication called “Pension Plan Investments”.  The revisions reflect recent changes to the investment rules found in the Pension Benefits Standards Regulations, 1985 which impact pension plans registered under the Act. 

The bulletin provides guidance on the following areas:

• Written Statement of Investment Policies and Procedures
• Quantitative Restrictions
• Self-Dealing
• Member Investment Choice

For more information, please contact:

Pensions Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-7650
Fax: (306) 798-4425