Announcements

Amidst global economic uncertainty and turbulence, Ontario defined benefit pension plans continue to show remarkable resilience, boasting positive financial outcomes. According to the latest solvency report by Ontario’s financial services regulator (FSRA), 90% of pension plans were fully funded in

In this Pension eBlast Welcome message FSRA reports Q1 2024 Solvency Report New processes, updates and reminders Release of final Guidance on Pension Plan Amendments Release of final Guidance on Pension Plan Administrator Roles and Responsibilities Tips for section 32 reporting during plan wind up

FSRA releases final Guidance on the Roles and Responsibilities of Pension Plan Administrators To promote the good administration of Ontario pension plans, and to protect and safeguard pension benefits and the rights of pension plan beneficiaries, Ontario’s financial services regulator, FSRA, has

Ontario's financial services regulator, FSRA, has imposed 14 administrative penalties in the total amount of $75,000 on Wilson Yip Chau (Chau). Chau was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Chau contravened the Act by

We are pleased to send you the June 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 to

Final revised Guidance on Pension Plan Amendments to safeguard Ontario Pension Plan Beneficiaries: What you need to know Ontario’s financial services regulator, FSRA, is releasing its final revised Pension Plan Amendments Guidance that promotes the good management of pension plans and protects the

Ontario's financial services regulator, FSRA, and ivari have agreed to conditions on ivari’s licence under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”). These licence conditions will require, among other things, that ivari retain an independent monitor to review its compliance

FSRA is releasing its Q4 2023-24 service standards scorecard, the fourteenth scorecard put out by the regulator. In every quarterly report to-date, FSRA has met or exceeded service targets for 92.1% of its standards. The service standards and reporting process are designed to improve service

Ontario’s financial services regulator, FSRA, has taken enforcement action with respect to Industrial Alliance Insurance and Financial Services Inc. (“IA”), World Financial Group Insurance Agency of Canada Inc. (“WFGIA Canada”), and Gurpreet Singh Ghuman (“Ghuman”). Between October 8, 2021, and July

Ontario’s financial services regulator, FSRA, and World Financial Group Insurance Agency of Canada (“WFGIA Canada”) have reached an agreement concerning a Notice of Proposal (“NOP”) FSRA issued on April 3, 2023. As part of the agreement, WFGIA Canada will establish an independent supervision team to