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Keyword: pension regulation

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Copyright_Mikhail Tsikhanovich_123RF

The Financial Services Regulatory Authority of Ontario is introducing a whistleblower program to more effectively identify misconduct in the pensions and non-securities financial services sectors. The program will apply to any individual or entity who comes forward in good faith with valuable, timely and non-public/insider information related to an alleged or intended contravention in any […]

  • By: Staff
  • May 5, 2022 May 4, 2022
  • 09:00

The Office of the Superintendent of Financial Institutions is launching an eight-week consultation on the management of investment risk by federally regulated pension plans. Along with a discussion paper, the consultation’s objective is to ensure the OSFI’s pension investment risk management guidance reflects and accommodates the circumstances of all pension plans, regardless of size, degree […]

  • By: Staff
  • March 21, 2022 March 18, 2022
  • 09:00

The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. New multi-employer pension plan coming for incorporated physicians 2. Employees want flexible working, better benefits to return to workplace: survey 3. After a strong 2021, […]

  • By: Staff
  • March 18, 2022 March 17, 2022
  • 09:01

In certifying a pension class action by Brewers Retail Inc., an Ontario Superior Court judge denounced the Financial Services Regulatory Authority of Ontario for defying a decision of its predecessor, the Financial Services Commission of Ontario. Justice Ed Morgan certified the class on Feb. 10, 2022, setting the stage for a settlement approval hearing. In […]

Nearly two years into the coronavirus pandemic and the uncertainties brought on by the Omicron variant, markets held up in the last three months of 2021 with capital accumulation plan member outcomes continuing to improve. According to Eckler Ltd.’s latest CAP income tracker, a typical male plan member retiring at age 65 at the end of […]

  • By: Staff
  • February 28, 2022 February 24, 2022
  • 15:00
Copyright_Olga Yastremska_123RF

The Financial Services Regulatory Authority of Ontario is seeking feedback on proposed guidance detailing how and when it publishes information about enforcement proceedings and investigations, including those related to pension plans and administrators. According to the draft guidance, this includes the use of news releases and public postings of enforcement actions on the FSRA’s website […]

  • By: Staff
  • August 13, 2021 August 12, 2021
  • 09:05

The Financial Services Regulatory Authority is seeking stakeholder input on draft guidance on providing consent for asset transfer transactions under the Pension Benefits Act. Aiming to support predictability and transparency for defined benefit plan administrators, sponsors and members and to protect of the rights of members, the guidance sets out how the FSRA will exercise […]

  • By: Staff
  • September 15, 2020 December 6, 2020
  • 09:40

The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

  • By: Staff
  • July 20, 2020 December 7, 2021
  • 09:22

The Financial Services Regulatory Authority is creating three new technical advisory committees, which will provide advice and feedback to the regulator on pension sector related matters and will form part of its stakeholder engagement process going forward. The aim is to improve processes and approaches to regulation and reduce regulatory burden, noted a press release. […]

  • By: Staff
  • July 23, 2019 January 9, 2021
  • 10:12
Ontario could scrap solvency-funding requirement

Proposals on the table to revamp DB pension rules.