More plans on OSFI’s watch list

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

According to its annual report, the number of watch list plans at March 31, 2013 grew to 128 from 115 last year.

Of the 128 plans, 114 were DB plans and 14 were DC plans.

Five years ago, there were just 59 plans on the list (49 DB and 10 DC plans).

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 actively monitored.

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