Limited options: those acting as trustees on behalf of others should be aware of special rules that limit investment strategies and decisions

Article Abstract:

Special rules govern the investment strategies and decisions of those investing money as a trustee on behalf of another. A violation of these rules leading to a loss of trust capital or a poor rate of return may result in a liability case against a trustee managing another person's money. Canadian provinces have their own rules concerning investments by trustees. Ontario, for one, has adopted the Trustee Act which covers any trust, while other provinces, such as Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Saskatchewan, and the two Territories apply the 'prudent investor' rule, under which trustees have greater freedom in employing an investment strategy.

Trusts, Funds, Trusts, and Other Financial Vehicles, Trusts and trustees, Trustees, Trusts (Law)

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The private business of an RRSP

Article Abstract:

Several laws govern investments made by registered retirement savings plans (RRSP) in private business. An ineligible investment made by an RRSP is considered income of the annuitant. The law also imposes a penalty tax on qualified investments that become ineligible. Ineligible investments that are not listed on stock exchanges or are not deemed shares of a public corporation may become eligible under subsection 4900(6) rule or under 4900(12) provided the investments were made after Dec. 2, 1992.

Canada, Registered retirement savings plans

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Re-interpreting the myths

Article Abstract:

Pension plans remain a viable tool for retirement saving, despite the misconceptions about their viability. Eight myths concerning pension funds are debunked. These include the difficulty of ensuring financial security in retirement, the impact of the global economy on Canada's pensions, delegating retirement planning to others, the risks for a defined benefit pension plan member and performance measurement statistics as criteria in choosing a pension fund investment manager.

Management, Evaluation, Retirement planning, Defined benefit plans

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