Jason Vary

June 9, 2020

FSRA’s (Mostly Reasonable) Limitations on Commuted Value Transfers

Since 2009, defined benefit pension plan administrators in Ontario have had to regularly monitor the transfer ratio (“TR”) of their pension plan and are required to […]
February 24, 2020

FSRA’s Supervisory Approach to DB Single-Employer Pension Plans

Over the past few months, I’ve had the pleasure of serving on one of the first Pension Technical Advisory Committees established by the Financial Services Regulatory […]
February 10, 2020

Wind-up by Stealth™

Last Fall, the Financial Services Regulatory Authority of Ontario (FSRA) published an outside-the-box Guidance Approach which has not gained much attention, but I believe that it […]
December 20, 2019

Pension Funding Reform in B.C. and Manitoba

The legislators in Western Canada have been busy this fall, requiring me to write one last blog before the end of 2019. Manitoba Pension Reform On […]
December 10, 2019

FSRA Assessments – Holiday Bills Come Early

The Financial Services Regulatory Authority of Ontario (“FSRA”) surprised us all last month by getting a jump on the post-holiday bill hangover and issuing a non-regularly […]
September 17, 2019

BC Pension Funding Consultation – Why can’t we all get along?

Last month, while many of us were on vacation, the British Columbia government continued their consultations on their pension funding framework by publishing a report from […]
July 9, 2019

FSRA Examinations – Keep Calm and Carry On

Several of our clients have had the pleasure of being ‘audited’ by the Financial Services Commission of Ontario (“FSCO” – now renamed the Financial Services Regulatory […]
May 29, 2019

The Wonders of Variable Payment Life Annuities

I figured that since Joe has been writing a lot about DC plans and annuities lately, and earlier Dean provided his commentary on the recent Federal […]
January 29, 2019

Pension Commuted Values Revisited

It seems that actuaries like nothing more than debating exactly how to calculate a commuted value for a member of a defined benefit (DB) pension plan […]
December 4, 2018

AMPing up the Pain

Back in May 2017, I wrote about some Scary New Powers for the Superintendent where at the end I asked for guidance from FSCO on how […]
July 19, 2018

New Research on CPP Enhancements

A recently released research paper by Bonnie-Jeanne MacDonald, “New CPP Enhancements: What do they mean for Canadian workers and seniors?” models how enhanced CPP (i.e. CPP2) […]
May 8, 2018

Regulation of Financial Planners – Something’s Missing

Earlier this year, the Ontario government issued a Consultation Paper on the Regulation of Financial Planners (the “Proposed Regulations”) seeking comments on their proposals.  This follows […]