PACP Committee News Release
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Standing Committee on Public Accounts |  | Comité permanent des comptes publics |
For immediate release
NEWS RELEASE
Public Accounts Committee Makes Recommendations to Improve Operations at Public Sector Pension Investment Board
Ottawa, April 6, 2022 -
OTTAWA – There was reasonable assurance that there were no significant deficiencies in the systems and practices of the Public Sector Pension Investment Board (PSP Investments) that were examined by the Auditor General of Canada (OAG), according to a unanimous report by the House of Commons Standing Committee on Public Accounts that was presented today by Committee Chair John Williamson.
The OAG audit was completed on 1 February 2021 and provided to PSP Investments on 7 May 2021. According to the audit, PSP Investments had good corporate management practices. However, the report also noted that there was room for improvement in the areas of performance measurement, monitoring and reporting, and risk mitigation, monitoring and reporting.
The Committee made three recommendations for PSP Investments to ensure that the OAG’s recommendations are properly implemented. Furthermore, the Committee encourages PSP Investments to consider the United Nations Sustainable Development Goals and integrate them as a means of embedding sustainability considerations into their operations.
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