In May 2000, the ACPM and the Pension Investment Association of Canada (PIAC) set up a task force to review the regulation of capital accumulation plans, (e.g. defined contribution pension plans). The task force was set up in response to the formation of the Committee on Investment Disclosure in Defined Contribution Plans (established by the Joint Forum of Financial Market Regulation).
During the period 2000-2003, the ACPM/PIAC task force – through the papers it produced and through its responses to documents produced by the Joint Forum – participated in a thorough and fruitful dialogue on the regulation of capital accumulation plans. The result was the release, in May 2004, of the Joint Forum’s Guidelines for Capital Accumulation Plans. Overall, the guidelines have received favourable industry reviews. After a consultation period, the final guidelines were released in June 2005. Plans are encouraged to adopt them beginning in January 2006.
The ACPM’s Advocacy and Government Relations Committee (AGRC) will monitor the acceptance of and implementation of the Joint Forum’s guidelines.