Announcements

Don’t let your retirement savings slip away Stay connected with your pension plan and keep good records Ontario’s financial services regulator says there are thousands of pension plan members in the province who have lost track of their pension plan, which is estimated to equal over $3 billion in

Ontario consumers with segregated fund contracts will now have stronger deferred sales charge protection. Today, Ontario’s financial services regulator (FSRA) announced that the Minister of Finance has approved a second amendment to the Unfair or Deceptive Acts or Practices (UDAP) Rule. This

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

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

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

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

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

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

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

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