Newspaper article The Canadian Press

Feds to Revisit So-Called '30-per-Cent Rule' Governing Pension Investment

Newspaper article The Canadian Press

Feds to Revisit So-Called '30-per-Cent Rule' Governing Pension Investment

Article excerpt

Feds to review pension investment rules

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OTTAWA - The federal government will examine whether to scrap a rule that restricts the percentage of voting shares federally regulated pension plans are permitted to hold in a company.

The Finance Department will launch public consultations to explore a rule that prevents pension plans from holding more than 30 per cent of the voting shares of a firm.

The process will explore whether to keep the so-called 30-per-cent rule, relax it or eliminate it altogether.

The department says the 30-year-old rule was intended to keep pension plans in a more passive role by restricting them from acquiring controlling stakes in companies.

The rule was also established to lower pension plans' exposure to risk. …

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