Thursday, May 10, 2007

UPDATE 2-Bank of Canada urges pension plan improvements

(Reuters) - Speaking in Toronto, Dodge outlined changes to tax and accounting regulations that he said would allow defined-benefit pension plans more flexibility and lessen the risk for individuals, plan sponsors and society as a whole.

"There are some shortcomings in our frameworks today. And these shortcomings are putting a great deal of pressure on the sponsors of defined-benefit plans," he said in a speech to the Conference Board of Canada.


Read more at Reuters.com Bonds News

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