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Capital accumulation plans | A guide to help understand the governance framework required by CAPSA Guideline No. 3

Group Savings and Retirement February 20, 2025
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The Canadian Association of Pension Supervisory Authorities (CAPSA) recently released the final version of Guideline No. 3 for Capital Accumulation Plans (the “Guideline”), for which we issued  a communication last October. It sets out the expectations of financial market regulators with regard to the operation of capital accumulation plans and aims to develop best practices in the establishment, administration and oversight of these plans.

The Guideline recommends the implementation of a governance framework for all capital accumulation plans. To provide guidance to sponsors of capital accumulation plans other than those of pension plans, the CLHIA has created a reference document that explains what a governance framework is.

For full details and to forward the document to your clients, refer to Governance considerations for small- to medium-sized capital accumulation plans (CAPs).

 

Since 1952, employers from coast to coast have been relying on our group retirement experts to effectively manage their plans.

 

 


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