The Financial Services Regulatory Authority of Ontario is seeking applications for four new technical advisory committees for the pension sector.

As the regulator announced in July 2019, the committees will aim to address challenges specific to defined benefit single-employer pension plans, defined contribution plans, multi-employer plans and public sector plans.

Read: FSRA creates new advisory committees on pension sector matters

The committees will also advise the FSRA on proposed pension regulatory guidance and identify issues arising out of existing pension legislation. The regulator anticipates this work will help advance its goal of improving regulatory effectiveness and lessening regulatory burden for the pension sector.

Committee members will be selected based on their pension knowledge, areas of expertise and level of experience. Term commitments will be two or three years and the committees will meet at least twice a year.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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