Category: Regulators

  • FSCO Pension Assessments 2015-16

    In conjunction with issuing pension assessment invoices for all pension plans, FSCO has posted the following background information for plan administrators on its website:

    • an explanation of a pension assessment invoice;
    • the prior year adjustment and preliminary pension assessment for the entire pension sector;
    • how to submit payment; and
    • how to make inquiries.
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  • FSCO Policy re Administrator Role and Responsibilities

    While not new, FSCO has posted a helpful policy regarding Administrator Roles and Responsibilities, which consolidates and replaces two older FSCO policies on the topic.  The policy provides an overview of the key responsibilities of a pension plan administrator, including:

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  • FSCO FAQs re E-Filing SIPPs

    FSCO has posted questions and answers regarding filing Statement of Investment Policies and Procedures (SIPP) and Form 14 through the Pension Services Portal.

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  • OSFI Plan Members’ Guide

    OSFI has updated its guide for pension plan members, which provides an overview of the minimum standards that apply to all private pension plans that are registered or filed for registration under the Pension Benefits Standards Act, 1985 (PBSA).

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  • CRA Posts 2016 Pension Limits

    CRA has posted the annual money purchase (MP), defined benefit (DB), registered retirement savings plan (RRSP), deferred profit sharing plan (DPSP) and the tax-free savings account (TFSA) limits, as well as the year's maximum pensionable earnings (YMPE).

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  • OSFI InfoPensions #14

    In November 2015, OSFI published InfoPensions #14, which discussed the following topics:

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  • FSCO Finalizes Guideline re DC SIPPs

    FSCO has finalized investment guidance note IGN-003, “Statements of Investment Policies and Procedures for Member Directed Defined Contribution Plans”.  The guidance note is intended to address the vacuum that was created by the amendments to the federal investment rules, which eliminated the requirement for DC SIPPs, while introducing a series of disclosure requirements for plans with member choice accounts that do not apply to Ontario DC plans.

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  • FSCO Finalizes Guideline re ESG

    FSCO has posted final investment guidance note IGN-004, “Environmental, Social and Governance Factors”. The guidance note specifies that a pension plan’s SIPP is required to include information as to whether ESG factors are incorporated into the plan’s SIPP and, if so, how those factors are incorporated.

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