Canada-China Relations committee  That is correct.

Canada-China Relations committee  I'm sorry; I'm not able to speak to that either.

Canada-China Relations committee  I'm sorry; I don't think I can directly respond to that question. I couldn't really speculate on what would happen, other than to say that geopolitical risks are something that pension plan administrators should be taking into account when they are making their investment decisio

Canada-China Relations committee  I'm afraid I can't really answer that question either. My area of expertise is federally regulated pension plan policy, and that's not the type of analysis that we do.

Canada-China Relations committee  Which part of my opening statement were you referring to? In general, I'd say that a pension plan administrator should be considering all factors, including geopolitical risks, in making their investment decisions, but that would be the extent of my comments on that. Was there s

Canada-China Relations committee  Again, this is not something that I can speak to directly, as pension legislation doesn't set out specific rules with specific types of investments. It sets out a broad framework for the fiduciary duty and puts the onus on the plan administrators to take all factors into consider

Canada-China Relations committee  I think each investment decision is unique. As to which considerations are perhaps more important than others, it would be difficult, really, to say, other than that fiduciaries are required to take all factors into account in making considerations about investment decisions.

Canada-China Relations committee  It would really be difficult for me to speculate on what each plan administrator is thinking about when they're looking at a specific investment, but I think an example of things that pension plan administrators may take into account are things such as friendshoring or human righ

Canada-China Relations committee  It's another area I could not really speculate about. The pension legislation sets out a broad framework of fiduciary duty, which then puts into the hands of the plan administrators the responsibility to consider all things, ultimately, that are in the best interests of their pla

Canada-China Relations committee  As I alluded to in my opening remarks, the legal frameworks for federal pensions all rely heavily on the concept of fiduciary duty, that duty with respect to the plan beneficiaries. As fiduciaries, plan administrators are required to account for any factor that could materially a

Canada-China Relations committee  I can't really speak to a ranking within pension legislation. As I said, it relies generally on the concept of fiduciary duty, and within that, there is the responsibility to consider all factors. The factors that would be considered would be relevant to what the actual investmen

Canada-China Relations committee  I'm afraid I'm not able to answer questions with respect to the Asian Infrastructure Investment Bank, as my area of expertise is federally regulated pensions policy.

Canada-China Relations committee  Thank you, and good evening, Mr. Chair and members of the committee. My name is Kathleen Wrye, and I'm the director of the pensions policy team in the financial sector policy branch of the Department of Finance. I would like to thank the committee for this invitation to appear

Finance committee  Thank you very much for the question. These amendment will create a new federal framework for defined contribution plans and pooled registered pension plans to offer this new decumulation vehicle or drawdown in retirement called variable payment life annuities. Currently, unlike

Finance committee  Would you like me to take that, Mark?