Ontario pension plans registered before Jan. 1, 2016 must file their statement of investment policies and procedures (SIPP) by this coming Tuesday, March 1.
For plans registered on or after January 1, 2016, the SIPP must be filed within 60 days of date of registration.
Read: SIPP requirements: Out of the boilerplate and into the boiler
This is the first year that administrators must also submit SIPP filings electronically through FSCO‘s Pension Services Portal.
Also new this year, from Jan. 1, Ontario pension plan’s environmental, social and governance (ESG) factors are incorporated into the plan’s investment policies and procedures, including a description of how these factors are incorporated.
Read: Employers gearing up for new environmental, social requirements in 2016