CAPSA rapped over governance responsibilities

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CANADA - The new guidelines on pension plan governance issued by the CanadianAssociation of Pension Supervisory Authorities (CAPSA) have been criticisedfor their failure to outline governance responsibilities of plan sponsors.

Consultants Watson Wyatt said: “The guidelines are silent about plan sponsors’ governance responsibilities. As a consequence, there is no recognition of the tension that can arise between plan admi...

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