the Rocky Road - Goodmans LLP

Climbing
the Rocky Road
2008 National Conference
September 16-19, 2008
Lake Louise, Alberta
Fairmont Chateau Lake Louise

TUESDAY, SEPTEMBER 16, 2008
9:30 am – 4:30 pm ACPM Annual Golf Tournament
Fairmont Banff Springs Golf Course
The best way to begin your stay in the Rockies! Renowned for its panoramic
beauty, The Fairmont Banff Springs Golf Course is a captivating and
challenging layout set in the heart of Canada's Rocky Mountains. From the
actual hole design to the optical illusions created by the surrounding mountains,
this course will delight and tempt you. Your tournament package
includes return transportation from Chateau Lake Louise, breakfast, BBQ
lunch, green fees and prizes.
12:00 pm – 8:00 pm Registration
Fairmont Chateau Lake Louise
10:00 am – 5:00 pm Columbia Icefields Tour
Journey to the Columbia Icefield along the spectacular Icefields Parkway in
a luxury Brewster motorcoach. After photographic stops at Crowfoot Glacier
and Peyto Lake, we head towards the impressive view of the Big Hill.
Following a delicious buffet luncheon at the Icefield Centre, we will board
a “Snocoach”, a vehicle unlike any other and learn about the unique ecosystem
and the creation of the glaciers on the way to the Columbia Icefield.
We will return to Chateau Lake Louise in the late afternoon.
5:30 pm – 8:00 pm Welcome Reception
Lakeview Terrace,
Fairmont Chateau Lake Louise
WEDNESDAY, SEPTEMBER 17, 2008
7:00 am – 5:00 pm Registration
Chateau Lake Louise
7:30 am – 8:30 am Breakfast
8:30am – 12:30pm
Companion Program
Chateau Lake Louise
Meet at the Concierge Desk
Guests are invited to go on a two-hour hike to the Fairview lookout point
with a naturalist guide after a private breakfast (cost included in the companion
fee but guests must sign up by Friday August 1st. Space is limited)
8:30 am – 8:45 am Opening Ceremonies
8:45 am – 10:15 am Plenary I
Emerging Economies, Emerging Retirement Systems
Speakers:
Stuart Leckie
Chairman, Stirling Finance Ltd. (Hong Kong)
Jaskirat Kaur
National Director, Customer Relations
Standard Life Assurance Company of Canada
Moderator:
Gary Comerford
Senior Vice President, International, Sun Life Financial
How do rapidly emerging economies deal with the development of an
emerging retirement income system? In many countries traditional ways
of life are giving way to the forces of globalization and the economic imperatives
that come with it. In both China and India, traditional systems of
support are rapidly changing and trying to adapt as the economies develop.
With the crumbling of the “iron rice bowl”, a move away from State enterprises
and a demographic trend that is shifting the burden to individuals the
traditional support system in China is being forced to change. These factors
and more are creating a demographic emergency that is sure to affect the
retirement of a rapidly emerging middle class.
In India the development of a large middle class in a relatively short period
of time is creating additional issues that will have to be dealt with. As in
China traditional support systems are quickly eroding and creating a need
for individuals to plan for themselves. Listen to some industry experts who
have hands on experience in these two marketplaces discuss the impacts
for both China and India as well as spin off impacts that could be felt here
in Canada as well. Gary Comerford has been instrumental in establishing
Sun Life’s operations in both countries. Stuart Leckie is the former Chairman
of Fidelity’s Asian operations and a well known pension expert. Jaskirat
Kaur was Vice President of Group Insurance and Pensions for Birla Sun Life
in India.
10:15 am – 10:45 am Refreshment Break
10:45 am – 12:00 pm Plenary II
DB Plans: Terminal or Critical?
Speakers:
Malcolm Hamilton
Worldwide Partner, Mercer (Canada) Ltd.
Christopher A. Brown
Alberta Co-Chair, Joint Expert Panel on Pension Standards (JEPPS)
Kathryn Bush
Advisory Panel Member
Ontario Expert Commission on Pensions (OECP)
Moderator:
Andrew Harrison
Partner, Borden Ladner Gervais LLP
This plenary will examine the submissions that were made by the various
stakeholders to OECP and JEPPS. The presenters will provide their views
regarding the future of defined benefit plans based on the submissions.
Specifically, the presenters from the two jurisdictions will have an opportunity
to compare and contrast what was heard throughout the process as
well as examine any trends. The speakers will focus on what appeared to
be the key issues and different possible resolutions to these issues, based
on the submissions. In the event that OECP or JEPPS has reported, the
contents of the report will be addressed.
12:30 pm – 2:00 pm Luncheon & Keynote Speaker
Mr. Ralph Klein
Former Premier of Alberta (1992 – 2006)
2:15 pm – 3:15 pm Concurrent Sessions
Workshop 1:
Staying on the Right Side of the Law
Speakers:
Ari Kaplan
Partner, Koskie Minsky
Martin Rochette
Senior Partner, Ogilvy Renault LLP
Heidi Winezlar
Counsel, Osler, Hoskin & Harcourt LLP (New York)
Moderator:
Jana Steele
Partner, Goodmans LLP
This workshop examines the legal risks associated with various roles in
pension plan administration:
• What are the legal duties of a trustee in the administration of
pension plans in various Canadian jurisdictions?;
• New governance standards enacted by the Quebec National Assembly
related to pension committees;
• Recent cases including the Trustees of Participating Co-operatives
of Ontario Pension Plan case, the Canadian Commercial
Industries Pension Plan case and the Jeffrey Mines case;
• U.S. perspective – recent U.S. cases related to investments and
fees; safe harbour provisions; U.S. trends coming to Canada?;
and
• How Canadian plan sponsors and trustees can protect themselves
against legal risks.

Workshop 2:
How Green is Your Fiduciary Duty?
Speakers:
Susan Enefer
Manager, Corporate Governance
BC Investment Management Corporation (bcIMC)
John D’Agata
Director, Pensions and Benefits , McGill University
Moderator:
Jordan Berger
Head of Responsible Investing, Mercer (Canada) Ltd.
We all know that Socially Responsible Investing is the right thing to do and
some plans have incorporated SRI into their Investment Policies. But what
happens after SRI is implemented? In this workshop, we will hear from
industry participants on the challenges after SRI implementation and we
will discuss the lessons that are being learned. Our panel will share their
experience and insight for those looking to make the change.
3:15 pm – 3:45 pm Refreshment Break
3:45 pm – 4:45 pm Concurrent Sessions
Workshop 3:
Plan Alternatives – What’s possible?
Speakers:
Greg Hyatt
Director, Pension Plan Management, Canadian Pacific
David Mackay
Manager, Human Resources Operations, TransCanada
Moderator:
David Suzuki
Principal, Towers Perrin
Today’s legislative framework requires pension plan sponsors to develop
and deploy innovative design alternatives, investment strategies and funding
approaches to achieve their HR and financial objectives. This workshop
will investigate:
• Design challenges adopted by one plan sponsor to enhance its
attraction and retention programs
• The perspective of another plan sponsor on DB funding volatility
and mitigation strategies
• Other emerging design and funding concepts
Workshop 4:
DC – Is the price right?
Speakers:
Greg Bell
Vice President, Operations & Corporate Accounts
Sun Life Financial
Greg Hurst
Principal, Morneau Sobeco
Third Speaker, to be confirmed
Moderator:
Nadia Darwish
AVP National Client Relationships, Sun Life Financial
As DC plans increase in size within the Canadian retirement system it is
important to understand the fees that are being charged for these plans.
Join us at this workshop to explore DC plan fees from the perspective of a
record-keeper, a consultant and a plan sponsor. What factors contribute to
the pricing of DC plans? What other “soft” characteristics do consultants
and plan sponsors consider? What might affect DC plan fees in the future?
5:30 pm – 10:00 pm Reception, Dinner and
Stuart McLean Performance
Lodge of the Ten Peaks
Every week more than 700,000 people tune in to CBC Radio and a number
of US public radio stations to hear Stuart McLean’s “The Vinyl Café”. Stuart
McLean, one of Canada’s most beloved storytellers and humorists, entertains
his listeners with Canadian music, colourful fiction and his thoughts
on a wide range of topics, from the trivial to the thought-provoking. The
extremely popular stories from the show have been collected in six bestselling
books, two of which have received the prestigious Stephen Leacock
Award for Humour.
THURSDAY, SEPTEMBER 18, 2008
7:00 am – 4:00 pm Registration
Chateau Lake Louise
7:30 am – 8:30 am Breakfast
8:30 am – 9:45 am Plenary III:
The Shifting Economic Balance
Speaker:
Andrew Busch
Global Currency Strategist, BMO Capital Markets
Moderator:
James Clark
Vice President, Business Development
Aurion Capital Management
As we watch events unfold in the world around us, many questions come
to mind. Will these events be the catalyst for major changes in the current
economic order? Which economies are growing and who could decline?
What will this mean to North America, Europe, Australasia and the BRIC
nations? Do these events force us to look at investments in a different light
and could they change the concept of investing as we know it today? What
are the implications for our retirement plans? Join us for an exciting examination
of current economic events and musings about the future.
9:45 am – 10:15 am Refreshment Break
10:15 am – 11:40 pm ACPM Open Forum
Moderators:
Mitch Frazer
Chair, ACPM Strategic Communications Committee
Partner, Torys LLP
Andrew Harrison
Chair, ACPM Advocacy and Government Relations Committee;
Partner, Borden Ladner Gervais LLP
The ACPM regularly consults its membership to solicit views on key policy
issues. Using on-line survey technology, conference attendees and ACPM
members will be surveyed in advance of the conference. The results of this
survey will provide the basis for discussion at this interactive forum. This is
also your opportunity to hear about new initiatives underway resulting from
the 2007 Open Forum.
11:45 pm – 12:15 pm ACPM Annual General Meeting
Note: This meeting is exclusive to ACPM members
in good standing.
12:15 pm – 1:45 pm Luncheon & Keynote Speaker
Barry Blanchard
Associate Director
Yamnuska Mountain Aventures
This Canadian mountain guide and alpinist was born in Calgary in March
1959. Twelve years later, when three boys navigated the Bow River through
the western side of the city on a raft of nailed-together railway ties, Barry
was at the helm steering the adventure. A six-month trip to the French Alps
in 1980 set the course of Barry’s life: to climb the steepest and most complicated
faces of the world’s great glaciated peaks, which he has been doing
ever since. Barry moved to the mountains in 1982 to pursue his Mountain
Guiding career – he is an internationally certified UIAGM mountain guide,
and has even worked on such feature films as “K-2”, “Cliffhanger” and “The
Vertical Limit”.

2:00 pm – 3:15 pm Plenary IV:
DC Plans: Educate or Dictate
Speakers:
Ismo Heikkila
National Director
Financial Education and Employer Services, T.E. Wealth
Bill Turnbull
General Manager
Co-operative Superannuation Society Pension Plan
Mike Barry
President, Plan Advisory Services (U.S.)
Moderator:
Daniel Morrison
Senior Manager Pension and Benefits
ATCO Ltd. & Canadian Utilities Ltd.
Can DC plan sponsors educate their members effectively to make good investment
decisions? Or should sponsors give up on education and simply
dictate how members' money should be invested? What is the best way
to meet your fiduciary obligations and minimize your liability? Come hear
two experts present opposing views on these questions. You will also hear
about the U.S. experience with the recent "auto-pilot" developments south
of the border. Educate or dictate? You be the judge!
3:15 pm – 3:45 pm Refreshment Break
3:45 pm – 4:45 pm
Workshop 5:
Seeking Closure: In Search of Answers to the Legacy Plan
Speakers:
Louis-Georges Mongeau
Senior Consultant, Legislation & Plan Governance
Group Savings & Retirement, Standard Life Assurance Company of Canada
Dr. Gary Tompkins
Department of Economics, University of Regina
Moderator:
Diane Sutherland
Team Leader, Pension & Benefits, Corporate Human Resources Talisman
Energy Inc.
Closed defined benefit plans are now commonplace. But once closed, the
realities that a DB plan faces are significantly altered. As a result, the sponsor's
focus takes on a whole new perspective. This workshop will explore:
• The overall risk profile of a closed DB plan;
• Some possible strategies to manage and cope with a closed DB
plan; and
• "Exit" strategies for closed DB plans including the subtleties of
commercial annuity markets.
Workshop 6:
New Investment Trends for DC Plans
Speakers:
Jean A. Young
Senior Research Analyst, Vanguard Center for Retirement Research
Gerry Wahl
Assistant Treasurer, Teck Cominco Ltd.
Moderator:
Brendan George
Vice President, Aon Consulting Inc.
As DC plans have evolved and developed a strong foothold in the Canadian
retirement marketplace the number and style of investment choices
has also changed. The old days of the master mix are gone and plan sponsors
and their members are faced with a wide variety of options…from
traditional asset classes to target date, asset allocation and hybrid funds.
Now there is a growing movement to add non-traditional investments. So
what’s a plan sponsor to do? Continue adding new and innovative fund options…which
require lots of member education, go the “set it and forget it”
route by using auto pilot type funds, or is there a middle ground?
6:30 pm – 10:30 pm Gala Reception,
Dinner & Concert by Emerson Drive
Chateau Lake Louise
Join your colleagues and guests for our closing gala dinner, followed by a
concert by Canada’s own Emerson Drive.Bursting onto the Country music
scene in 2001 with theirself-titled DreamWorks Nashville release which
included the catchy smashes, "I Should Be Sleeping" and "Fall Into Me",
the band found a home at Midas Records and had a banner year in 2007
following the release of COUNTRIFIED, which yielded the band's first #1
song, "Moments."
Emerson Drive have received numerous industry awards and nominations
throughout their career and in 2007 they received their first ever GRAMMY
nomination for "Moments," in addition to a DOVE Award nomination, an Inspirational
Country Music award nomination, 2 CMA nominations, 3 CCMA
wins and were named Campus Activities Magazine's Top Major Performer.
The band is currently in production on their new album, (once again collaborating
with Teddy Gentry of Alabama and Josh Leo) which is scheduled
for an early Fall release.
FRIDAY, SEPTEMBER 19, 2008
8:30 am – 12:00 pm Tee times reserved at Stewart Creek
In dramatic fashion, each of Stewart Creek's holes offers breathtaking panoramas
that fill each golfer with wonder and awe. To enhance the challenge
of layered fairways and subtly sloped greens, 35 bunkers are strategically
located around rushing streams, crystal clear lakes, rocky outcrops and restored
mine. Extend your stay and book your tee time through ACPM; morning
tee times available on a first-come, first-served basis. Payment is made
directly to Stewart Creek by individual players.
9:00 am - 2:00 pm Choose one of the Following Banff Tours:
1) Banff Adventure Tour
Build a connection to our World Heritage Site on this trademark sightseeing
tour as you visit Banff's landmarks, most renowned traits and historic
places. Hear how the 11,000 year old human history of the Bow Valley
changed when three railway workers rediscovered the Cave & Basin, now
a National Historic Site, and learn about the local wildlife. Enjoy the sights
and photo opportunities at the many lookout points along the popular trails.
Get a bird's eye view of many of the areas you will have visited as the Banff
Gondola takes you to the top of Sulphur Mountain meander along the 1 km
boardwalk to the Cosmic Ray Station National Historical Site of Canada,
and the historic Sanson’s Peak Meteorological Station.
2) Discover Banff Culture Tour
Visit the Whyte Museum, which focuses on the human history of the Bow
Valley and commemorates the efforts of the some of the most integral characters
to have touched this area. From the past we move to the present and
get a taste of the diverse art exhibits on display for the 75th anniversary of
the Walter Philips Gallery at the Banff Centre for the Performing arts. Lunch
will be served in the garden.