Canadian Association of Pension Supervisory Authorities

CAPSA Guidelines


Important Notice Regarding CAPSA Guidelines

CAPSA Guidelines are intended to support the continuous development and improvement of industry practices. Canadian pension regulators generally expect that registered pension plans will operate in accordance with CAPSA guidelines. However, individual pension regulators may communicate their own specific expectations and registered pension plans in those jurisdictions should operate accordingly.

Flexible Pension Plans

The Guideline summarizes the recommendations of the Task Force on Flexible Pension Plans in order to address various issues related to flexible pension plans.

Publication Date Published
PDF icon  Guideline No.1 - Flexible Pension Plans April 30, 1999

Electronic Communication in the Pension Industry

The Guideline provides a framework to apply the provisions of e- commerce legislation and applicable pension legislation to pension communications sent electronically from a pension plan administrator and/or pension plan sponsor that are required under pension legislation.

Publication Date Published
PDF icon  Guideline No.2 - Electronic Communication in the Pension Industry May 8, 2019
PDF icon  Letter to Stakeholders May 8, 2019

Capital Accumulation Plans

These guidelines reflect the expectations of regulators regarding the operation of a capital accumulation plan, regardless of the regulatory regime applicable to the plan.

Publication Date Published
PDF icon  Guideline No.3 - Capital Accumulation Plans May 28, 2004
PDF icon  Announcement of Guideline #3 May 28, 2004

Pension Plan Governance

The purpose of the guidelines and self-assessment questionnaire is to assist pension plan administrators in fulfilling their governance responsibilities by achieving and maintaining good governance practices.

Publication Date Published
PDF icon  Fillable – Self Assessment Questionnaire Jan 17, 2018
PDF icon  Announcement of release of Guideline #4 Dec 22, 2016
PDF icon  Guideline No.4 - Pension Plan Governance Dec 22, 2016
PDF icon  Self-Assessment Questionnaire - Guideline No.4 Dec 22, 2016
PDF icon  FAQs - Pension Plan Governance Guideline No.4 Dec 22, 2016
PDF icon  Stakeholder Submissions - Pension Plan Governance Guideline #4 Dec 22, 2016

Fund Holder Arrangements

This guideline highlights good governance practices related to fund holder arrangements of the pension plan and pension fund.

Publication Date Published
PDF icon  Guideline No.5 - Fund Holder Arrangements Mar 1, 2011
PDF icon  Table - Guideline No.5 - Fund Holder Arrangements Mar 1, 2011
PDF icon  Letter to Stakeholders Mar 1, 2011

Prudence Standard

The Prudent Investment Practices Guideline and companion Self-Assessment Questionnaire are intended to provide guidance to plan administrators on how to demonstrate the application of prudence to the investment of pension plan assets. The Pension Plan Funding Policy Guideline is intended to provide guidance on the development and adoption of funding policies.

Publication Date Published
PDF icon  Guideline No.6 - Prudence Standard November 15, 2011
PDF icon  Letter to Stakeholders November 15, 2011
PDF icon  Self-Assessment Questionnaire November 15, 2011

Publication Date Published
PDF icon  Guideline No.7 - Pension Plan Funding Policy November 15, 2011

Defined Contribution Plans

The Defined Contribution Plans Guideline has been developed as part of CAPSA's strategic initiative to review current approaches to regulating and supervising defined contribution (DC) pension plans.

Publication Date Published
PDF icon  Guideline No.8 - Defined Contribution Pension Plans Guideline February 7, 2019
PDF icon  Letter to Stakeholders February 7, 2019
PDF icon  Reference Document March 28, 2014

Un-locatable Members

This Guideline is designed to outline best practices and options with respect to searching for un-locatable members.

Publication Date Published
PDF icon  Guideline No.9 - Searching for Un-locatable Members of a Pension Plan February 7, 2019
PDF icon  Modified - June 14, 2019
PDF icon  Letter to Stakeholders February 7, 2019

Leverage

Publication Date Published
PDF icon  Communique - Review of Leverage Use within Pension Plans February 11, 2019
PDF icon  Letter to Stakeholders February 11, 2019

Funding Review

Publication Date Published
PDF icon  Recommendations: Funding of Benefits for Plans Other than Defined Contribution Plans February 14, 2019
PDF icon  Letter to Stakeholders February 14, 2019

Actuarial Standards

The Guidance outlines expectations regarding situations where an actuary wants to use an insurance company quotation to determine the solvency liabilities of the portion of the pension plan that is assumed to be settled by purchase of annuities.

Publication Date Published
PDF icon  Guidance: Solvency or hypothetical wind-up liabilities based on actual life insurance company annuity quotation May 8, 2019
PDF icon  Modified - June 14, 2019
PDF icon  Letter to Stakeholders May 8, 2019

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