Category: Regulators
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Retraite Quebec Newsletter re Bill 68 Amendments
Retraite Québec published a newsletter reviewing Bill 68, An Act mainly to allow the establishment of target benefit pension plans, which came into force on December 11, 2020 . . .
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Quebec Guidance re Actuarial Assumptions
Retraite Québec published instructions on the actuarial assumptions and methods applicable to actuarial valuations of supplemental pension plans after December 30, 2020 . . .
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Saskatchewan Update re Freeze on Transfers and Payments
The Saskatchewan Superintendent of Pensions published an update regarding the freeze on transfers or payments out of defined benefit plans . . .
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Ontario FSRA Announcement re Missing Plan Members
The Financial Services Regulatory Authority announced that effective September 1, 2021, it will require plans to provide missing members data when filing their Annual Information Summary . . .
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Ontario FSRA Consultation re Marriage Breakdown Guidance
The Financial Services Regulatory Authority published Proposed Guidance on Administration of Pension Benefits upon Marriage Breakdown for consultation . . .
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CRA Newsletter re Additional Conditions Applicable to IPPs
The Canada Revenue Agency has published a newsletter setting out additional conditions applicable to individual pension plans (IPPs), designated plans, and similar registered pension plans (RPPs . . .
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Ontario FSRA Guidance re DB MEPPs
The Financial Services Regulatory Authority published Defined Benefit Multi-Employer Pension Plans - Leading Practices. FSRA conducted a review of DB MEPPs, and the publication provides an overview of the "leading practices" that the regulator observed . . .
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Saskatchewan Consultation re Financial Hardship Unlocking
The Saskatchewan Financial and Consumer Affairs Authority has published a consultation paper: Financial Hardship Unlocking from a Locked-In Retirement Account (LIRA . . .
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Newfoundland Directives re LIRAs, LIFs, LRIFS & Unlocking
Newfoundland & Labrador Superintendent of Pensions issued new Directives regarding: Locked-in Retirement Accounts (LIRAs), Life Income Funds (LIFs), Locked-In Retirement Income Funds (LRIFs) and the Potential Impacts of Unlocking Due to Financial Hardship . . .
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OSFI Updates Superintendent Directives
The Office of the Superintendent of Financial Institutions updated the Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985 (the PBSA Directives) and the Directives of the Superintendent pursuant to the Pooled Registered Pension Plans Act (the PRPP Directives . . .
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