FSRA received four submissions from stakeholders in the Ontario pensions sector, each of which provided feedback on FSRA’s proposed Statement of Priorities for fiscal 2023-2024 during the consultation period (October 13 to November 11, 2022).
FSRA thanks all commenters. FSRA carefully considered all comments before finalizing and publishing the 2023-2026 Annual Business Plan.
Contributors:
The following stakeholders took the time to share their perspectives with FSRA:
Organization
Commenter
1. Canadian Federation of Pensioners (CFP)
2. FSRA Consumer Advisory Panel (CAP)
3. Canadian Life and Health Insurance Association (CLHIA)
Stephen Frank
4. Blue Pier
James Pierlot
Commenters
Summarized Comment’ Feedback
FSRA Response
CFP
CAP
CLHIA
Stakeholders indicated support for the proposed 2023-24 Statement of Priorities and Financial Plan.
FSRA thanks stakeholders for their support.
Commenters
Summarized Comment’ Feedback
FSRA Response
CFP
CAP
Stakeholders proposed that that FSRA expand the review of the PBGF to include enhancing the level of protection provided by the PBGF.
FSRA thanks stakeholders for their input. We have shared this comment with the Ministry of Finance for its consideration.
Commenters
Summarized Comment’ Feedback
FSRA Response
CFP
CAP
Stakeholders shared that the future framework should not result in conversions of existing DB plans to TB plans.
FSRA thanks stakeholders for their input. We have shared this comment with the Ministry of Finance for its consideration.
Commenters
Summarized Comment’ Feedback
FSRA Response
CFP
CAP
CLHIA
Stakeholders expressed support for FSRA’s ongoing work with CAPSA. Some stakeholders brought awareness to perceived issues in plan registration that FSRA could consider addressing in future CAPSA work.
FSRA thanks stakeholders for their input and will consider the issues raised relating to plan registration and whether they should be proposed for future CAPSA work.
