Fewer plans on OSFI’s watch list

The Office of the Superintendent of Financial Institutions (OSFI) has a smaller number of federally regulated pension plans on its watch list.

In its annual report, OSFI says there were 92 plans on the list at the end of March 2014, down from 128 at the end of March 2013.

Of the 92 plans, 80 were DB plans and 12 were DC plans.

During the course of 2013/14, 14 new plans were added to the watch list and 50 were removed.

OSFI says pension plans facing higher risk due to their financial condition, plan management or for other reasons are placed on a watch list and closely monitored.

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