Benefits administrators need to be particularly vigilant, for example, where beneficiary designations in a will are revoked by a later instrument

B.C. legislation creates challenges for benefits administration

By Claude Marchessault | Full articled published by Benefits Canada on May 26, 2014 | Posted with permission from author

Not long ago, Canadian pension blogs were ringing the death knell and warning plan administrators about the collapse of the “spouse-in-the-house” rule arising from the unexpected decision in Carrigan v. Carrigan Estate. Flash forward 18 months and new B.C. legislation is creating additional challenges for benefits administrators attempting to pay death benefits to a deceased’s intended beneficiary.

To read the full article, click here:

http://www.benefitscanada.com/pensions/governance-law/b-c-legislation-creates-challenges-for-benefits-administration-53038

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