FSRA issues two Notices of Intended Decision against Higginson Equipment Inc.

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Higginson Equipment Inc.

• Higginson Equipment Inc. (Pension Plan Administrator)
• Higginson Equipment Inc. (Pension Plan Sponsor)
• Higginson Equipment Inc. (Pension Plan Employer)

FSRA alleges that Higginson Equipment Inc. contravened the Pension Benefits Act, R.S.O. 1990, c. P.8 and its regulations by failing to remit required contributions of $9,501.38 for April to August 2025 to the pension fund, contrary to section 4 (4) of Regulation 909.

FSRA is proposing to wind-up the Pension Plan for the Employees of Higginson Equipment Inc. and to impose administrative penalties in the total amount of $19,000 against Higginson Equipment Inc.

Higginson Equipment Inc. requested a hearing before the Financial Services Tribunal about these intended decisions. 

Learn more:

Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities. 

For media inquiries:

Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]