Susan Seller on Navigating Pension Fiduciary Duties

Susan Seller writes in Benefits Canada on navigating pension fiduciary duties during the coronavirus pandemic. She says employers that act as pension plan administrators have statutory fiduciary duties that are defined by the plan documents and by governing pension legislation. While those duties continue to apply during the coronavirus pandemic and the resulting market volatility, they require even more careful navigation, as cash flow and internal corporate resources may be strained.