Ontario Appoints David Marshall Advisor for Auto Insurance and PensionsBy Andrew Rickard | October 13 2015 01:38PM
Ontario has appointed David Marshall to act as an advisor on auto insurance and pensions.
In a statement released on Oct. 9, the Ontario government announced that Marshall will serve as an advisor to the Minister of Finance, offering recommendations on how to both reduce auto insurance costs and implement the Ontario Retirement Pension Plan (ORPP). He will begin on Feb. 1, 2016. The appointment is for a one-year term, and may be renewed for another year.
CIBC, where he was responsible for the bank's mortgage, insurance, and credit card businesses.
"Marshall will bring his expertise in administering the federal government's employee pension plan, as well as his experience managing the operations and technology of the Employment Insurance Fund, to support the government's commitment to simple, reliable and cost-effective ORPP administration," reads the announcement.
The government describes reducing auto insurance rates and implementing the ORPP as "key initiatives", noting that there are 9.5 million drivers in the province, and that the new provincial pension plan is expected to provide retirement income for about 3.5 million workers.