Announcements

In this Pension eBlast Welcome message FSRA reports Q3 2024 Solvency Report New processes, updates and reminders Pension Awareness Day 2025 update! FSRA’s Principles-Based Regulation Guidance Implementing a Permanent Target Benefit Framework FSRA seeks public input on its 2025-26 Statement of

Ontario’s financial services regulator (FSRA) has released its Q3 2024 Solvency Report for Defined Benefit Pension Plans, revealing that the overall funded position is still strong at 121 per cent. However, a two-percentage point decrease from last quarter breaks a steady upward trend of seven

To help consumers get access to auto insurance rates that are fair and reasonable, Ontario’s financial services regulator (FSRA) is releasing its annual review guidance and benchmarks. FSRA uses these benchmarks to review an insurance company’s proposed rate changes and evaluate developments and

Ontario’s financial services regulator, FSRA, is encouraging mortgage professionals and sector stakeholders to apply for membership on the regulator’s Technical Advisory Committee (TAC). The Committee will provide advice and insights to help improve consumer protection, innovation and regulation for

Ontario's financial services regulator, FSRA, has imposed an administrative penalty against Tejpal Mann (Mann). Mann was previously a licensed life insurance and accident and sickness insurance agent under the Insurance Act (Act). His licence expired on June 23, 2022. While licensed, Mann directly

The Financial Services Regulatory Authority of Ontario (“FSRA”) is launching public consultations on its proposed 2025-26 Statement of Priorities and Budget. Through this process, stakeholders will have the opportunity to help set the future direction of financial services regulation in Ontario. “At

Ontario's financial services regulator, FSRA, has issued an Order imposing an administrative penalty in the amount of $17,000 against Jensen Ocampo (Ocampo). Ocampo paid a rebate to 27 clients for the premiums for their life insurance policies, contrary to section 2(2) of Ontario Regulation 7/00 (in

Ontario’s financial services regulator, FSRA has issued an order to impose administrative penalties in the total amount of $23,425 against James Hooker (Hooker). Hooker was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Hooker

Ontario’s financial services regulator (FSRA) is making it easier for consumers to apply for automobile accident benefits. In collaboration with industry stakeholders and the Insurance Bureau of Canada (IBC), FSRA has revised the Application for Accident Benefits (OCF-1) form. The revised version of

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Warden Wellness Centre Ltd (Warden Wellness) and Anusuya Gobinathan (Gobinathan). FSRA alleges that Warden Wellness is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8 (Act) because it