CANADA - Bob Hanna has been appointed as assistant superintendent for the regulation sector at the Office of the Superintendent of Financial Institutions (OSFI).
The appointment was announced by Julie Dickson, who became superintendent of financial institutions at OSFI in July 2007.
Hanna has been acting in the role since last October when he replaced Dickson who had been acting superintendent at that time.
In the new position Hanna will be responsible for matters such as capital and accounting issues, actuarial policies and reviews, in addition to regulations and interpretations.
In terms of his background, Hanna joined OSFI’s predecessor, the Inspector General of Banks in 1984 as a research officer, and has held a number of positions with increasing responsibilities, primarily in the policy and research areas.
OSFI’s regulation sector is responsible for enhancing the financial system’s safety and soundness by evaluating system-wide risks, and promoting sound business and financial practices.
In a separate issue, earlier this summer, Global Pensions reported that an Ontario commission designed to overhaul the province’s pension system could snowball into institutional reform across Canada’s three-pillar system, according to plan sponsors, consultants and asset managers.
Headed by labour law expert Harry Arthurs, the commission has until summer 2008 to report.
David Weeks says there is a mismatch in superfunds that claim to be member friendly but then exclude member representation from their governance
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.