British Columbia pension funding reform proposals
Sep 23, 2019The British Columbia (BC) Ministry of Finance released a report in August 2019 outlining a proposal for changes to minimum funding requirements for BC-registered defined benefit (DB) pension plans.
FSRA to begin imposing summary administrative penalties for late regulatory filings
Sep 23, 2019On August 13, 2019, the new Ontario pension regulator, the FSRA of Ontario, announced that it intends to commence imposing summary AMPs effective for filings due on or after September 30, 2019.
FSRA permits delegated administrators to make and revoke delegations on Pension Services Portal
Sep 23, 2019The Financial Services Regulatory Authority of Ontario (FSRA) has created a new role of “Delegated Administrator” under the Pension Services Portal (PSP).
Tracking the funded status of pension plans as at July 31, 2019
Aug 27, 2019The evolution of the financial situation of pension plans since December 31, 2018
Updates on timing and contents of revised pension commuted value standards
Aug 27, 2019The Actuarial Standards Board (ASB) of the Canadian Institute of Actuaries recently announced that it would not move forward with an updated mortality improvement scale in its upcoming revised pension Commuted Value Standards (the Revised...
Impact on pension expense under international accounting as at July 31, 2019
Aug 27, 2019Every year, companies must establish an expense for their defined benefit pension plans.
2019 Survey – Economic assumptions for accounting
Aug 27, 2019Recently, Morneau Shepell issued its 19th annual survey on the economic assumptions used by Canadian public companies to account for the costs of their defined benefit plans.
Ontario releases proposed framework on pension plan electronic communications
Aug 27, 2019On August 6, 2019, the Ontario Ministry of Finance released proposed legislative amendments that would permit pension plans to use electronic communications as a default communication method...
Ontario updates fee assessments for pension plans while BC proposes fee increase
Aug 27, 2019The new Ontario pension regulator, the Financial Services Regulatory Authority of Ontario (FSRA), has released a new rule updating fees and assessments payable by the pension sector.
Quebec’s annuity purchasing policy
Aug 27, 2019In July 2019, Retraite Québec added a new web page summarizing the Annuity Purchasing Policy.