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 is intended to help pension plan administrators and plan members apply the provisions of applicable electronic commerce legislation to communications required under pension benefits legislation.

Publication Date Published
PDF icon  Guideline No. 2 - Electronic Communication in the Pension Industry February 15, 2002

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.

Please visit the Capital Accumulation Plans Initiative Page on the Joint Forum of Financial Market Regulators' website for the most recent updates to this initiative.

Publication Date Published
PDF icon  Guideline No. 3 - Capital Accumulation Plans May 28, 2004
PDF icon  Capital Accumulation Plans - Communique 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  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  Stakeholders' 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  CAPSA 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 - Guideline No.5 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

Publication Date Published
PDF icon  Guideline No.7 - Pension Plan Funding Policy November 15, 2011
PDF icon  Self-Assessment Questionnaire 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 contributiion (DC) pension plans.

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

If you cannot find a specific document that you are looking for, please use the Document Search.