Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Planning and Advice Breadcrumb caret Practice Canada needs a national pension strategy Pensions legislation is failing in Canada. By Staff | June 21, 2013 | Last updated on June 21, 2013 1 min read Pensions legislation is failing in Canada. As it stands, only 20% of paid workers in the private sector are covered, factoring in both defined-benefit and defined-contribution plans, says Fred Vettese, chief actuary of Morneau Shepell. And a major reason is each province has its own rules, he adds. Any time reforms are made to pensions laws, the government has to look at problems and challenges in each region individually. Find out more about how Canada needs a national pension strategy. Also check out: Area 52: Know your pension adjustments Get involved in clients’ pension planning CPP and life expectancy Canadian pensions put on regulator watch list Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo