Standing Technical Advisory Committee for Defined Contribution (DC) Pension Plans

Meeting summary

Date: Tuesday, June 27, 2023
Time: 2:00 p.m. to 3:30 p.m.
Location: Videoconference

This summary sets out the key points discussed at the June 27, 2023 meeting.

Expense recovery arrangements

  • The committee discussed expense recovery arrangements and whether there is an uptick in their utilization.

Communications and engagement update

  • FSRA discussed with the committee the learnings from the first Pension Awareness Day. FSRA and the committee brainstormed themes for the next Pension Awareness Day and FSRA Exchange (both early 2024).

Guidance updates

  • FSRA provided updates on upcoming pension-specific guidance documents, including guidance related to plan amendments and guidance on roles and responsibilities. The proposed all-sector guidance on IT risk management and principles-based regulation were discussed.

Improving regulatory harmonization across Canada

  • FSRA provided an update to the committee on the progress of work on various CAPSA guidelines as well as the expansion of the agreement respecting multi-jurisdictional pension plans.
  • In particular, FSRA and the committee discussed the CAP guideline CAPSA has released for consultation.

Late filings

  • FSRA provided an update on the actions it has taken to address late filings. FSRA is seeing significant improvement in its review of more recent late filings.

Next meeting

The next meeting of the committee is scheduled for October 2023.

Attendance record

Invited/Attended

Company name

Attendance status
(A)ttended; (R)egrets; (S)ubstitute; (VC)Videoconference; (P)Phone

Mark Eagles

FSRA – Director, Advisory Services and Committee Co-Chair

VC

David Vincent

Canadian Benefits Law and Committee Co-Chair

VC

Caroline Helbronner

Blake, Cassels & Graydon LLP

VC

Christine Dear

Manulife

R

Kim Francis

Sun Life

VC

Kim Ozubko

Royal Bank of Canada

VC

Mary Picard

Dentons Canada LLP

R

Michelle Loder

LifeWorks

VC

Paul Webber

Green Benefits Group

VC

Thu Truong

Sobeys

VC

Vartkes Rubenyan

Mercer

VC

Dan Miles, Dan Padro, David Bartucci, Jesse-Heath Rawling, Karima Shajani, Mark Eagles, Paul Dempsey, Paul Martiniello, Reesha Hosein, Rhea Tubigan, Sharon Laurie, Stephanie Babb, Tim Thomson, Thera Medcof

FSRA

VC

Jeff Sweeting, Krista Teichroeb

MOF

VC

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