Announcements
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Ensuring Ontario’s life insurance agents meet the highest national qualification standards
Announcements
Life and Health Insurance
For Industry
Ontario’s financial services regulator (FSRA) is taking action to ensure that consumers are working with life insurance agents who meet the highest national qualification standards. FSRA is modernizing the exam procedures for new life insurance agent candidates which will improve the integrity of
Cost of living crunch impacting retirement savings
Announcements
Pensions
For Consumers
A new poll found that people are more concerned about paying for basic necessities A new poll commissioned by the Financial Services Regulatory Authority of Ontario (FSRA) found that 81 percent of people are now more concerned about paying for basic necessities like groceries, rent and their
Making retirement planning a priority
Announcements
Pensions
For Consumers
By Andrew Fung, FSRA’s Acting Executive Vice President, Pensions For young families and those just starting out in their careers, the thought of retirement is the furthest thing from their minds. The hustle and bustle of daily life is the priority – getting the kids to hockey or dance class
FSRA urges Ontarians to prioritize retirement planning
Announcements
Pensions
For Consumers
To help raise awareness of the importance of saving for retirement, the Financial Services Regulatory Authority of Ontario (FSRA) is launching its second annual Pension Awareness Day consumer education campaign. Pension Awareness Day will be on Thursday February 15 th this year. The campaign will
FSRA Highlights, February 2024
Newsletters
Cross Sector
All
We are pleased to send you the February summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information
FSRA issues Notice of Proposal against Michael Lampel and IFC Financial Inc. operating as Insurance for Children
Enforcement Actions
Life and Health Insurance
All
Ontario’s financial services regulator, FSRA, has initiated enforcement action against Michael Lampel (Lampel) and IFC Financial Inc. operating as Insurance for Children (Insurance for Children). FSRA alleges that Lampel made false or misleading statements or representations in the solicitation or
FSRA issues notice of proposal against Karen Graham
Enforcement Actions
Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, has initiated enforcement action against Karen Graham (Graham). FSRA alleges that Graham is not suitable to be licensed as a mortgage agent because Graham has provided false information with respect to the application for the licence, and Graham’s past
FSRA takes enforcement action for Insurance Fraud against Gibson Wellness Centre Inc., Gibson Wellness Group Ltd., Sellamma Navaratnam and Thavendrarajah Krishnan (Krish Thavem)
Enforcement Actions
Health Service Providers
All
The Financial Services Regulatory Authority of Ontario (FSRA) has revoked the service provider licence and imposed an administrative penalty of $200,000 against Gibson Wellness Centre Inc. (Gibson Centre), revoked the service provider licence of Gibson Wellness Group Ltd. (Gibson Group), imposed an
FSRA refuses to renew licence and imposes administrative penalties against Stewart Edward Ranft
Enforcement Actions
Life and Health Insurance
All
The Financial Services Regulatory Authority of Ontario (FSRA) has refused to renew the Life, Accident and Sickness insurance agent licence issued to Stewart Edward Ranft (Ranft) and imposed administrative penalties of $28,000 on Ranft. Ranft contravened the Insurance Act by making false and
Enhancing investor protection in Ontario
Announcements
Financial Planners and Financial Advisors
For Industry
Canadian Investment Regulatory Organization approved for Financial Advisor title use The Financial Services Regulatory Authority of Ontario (FSRA) has approved the Canadian Investment Regulatory Organization (CIRO) as a credentialing body under Ontario's Financial Professionals Title Protection Act