Canadian Association of Pension Supervisory Authorities

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.

Guideline No. Guideline Name Publication Date Purpose
1 PDF icon  Flexible Pension Plans April 30, 1999 Summarizes the recommendations of the Task Force on Flexible Pension Plans in order to address various issues related to flexible pension plans.
2 PDF icon  Electronic Communication in the Pension Industry
PDF icon  Letter to Stakeholders
May 8, 2019 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.
3 PDF icon  Capital Accumulation Plans
PDF icon  Announcement
May 28, 2004 Reflects the expectations of regulators regarding the operation of a capital accumulation plan, regardless of the regulatory regime applicable to the plan.
4 PDF icon  Fillable – Self Assessment Questionnaire (IE Required)
PDF icon  Announcement - Release
PDF icon  Pension Plan Governance
PDF icon  Self-Assessment Questionnaire
PDF icon  FAQs
January 17, 2018
December, 2016
To assist pension plan administrators in fulfilling their governance responsibilities by achieving and maintaining good governance practices.
5 PDF icon  Fund Holder Arrangements
PDF icon  Table
PDF icon  Letter to Stakeholders
March 1, 2011 Highlights good governance practices related to fund holder arrangements of the pension plan and pension fund.
6 PDF icon  Prudence Standard
PDF icon  Letter to Stakeholders
PDF icon  Self-Assessment Questionnaire
November, 2011 Provides guidance to plan administrators on how to demonstrate the application of prudence to the investment of pension plan assets.
7 PDF icon  Pension Funding Policy November, 2011 Intended to provide guidance on the development and adoption of funding policies for pension plans that provide defined benefits.
8 PDF icon  Defined Contribution Pension Plans Guideline
PDF icon  Letter to Stakeholders
PDF icon  Reference Document
February 7, 2019

March 28, 2014
Developed as part of CAPSA's strategic initiative to review current approaches to regulating and supervising defined contribution (DC) pension plans.
9 PDF icon  Searching for Un-locatable Members of a Pension Plan
PDF icon  Letter to Stakeholders
February 7, 2019

February 7, 2019
Outlines best practices and options with respect to searching for un-locatable members.
  PDF icon  Communique - Review of Leverage Use within Pension Plans
PDF icon  Letter to Stakeholders
February, 2019 Key findings regarding leverage use within pension plans.
  PDF icon  Recommendations: Funding of Benefits for Plans Other than Defined Contribution Plans
PDF icon  Letter to Stakeholders
February 14, 2019 Recommends options that policy makers and governments should consider in order to promote new, consistent funding rules, to the extent possible.
  PDF icon  Guidance: Solvency or hypothetical wind-up liabilities based on actual life insurance company annuity quotation
PDF icon  Letter to Stakeholders
May 8, 2019

May 8, 2019
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.

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