DB Plan

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 […]
April 6, 2020

Commuted Values for Target Pension Arrangements

Editor’s Note:  This commentary was written before the April 6, 2020 announcement by the Actuarial Standards Board of the decision to delay the implementation for the […]
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 […]
January 28, 2020

Final Changes to the Pension Commuted Value Standard

Editor’s Note:  This commentary was written before the April 6, 2020 announcement by the Actuarial Standards Board of the decision to delay the implementation for the […]
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 […]
November 12, 2019

DB Comeback – Part ll

It always feels a little self-serving to say anything positive about the future of DB plans.  With that said, I have spent most of the past […]
October 15, 2019

What can DB Sponsors Expect at Year-end?

As we enter the fourth quarter of 2019, it is worthwhile for pension plan sponsors to review their plan’s recent investment performance and current funded status, […]
September 30, 2019

You Can’t Out-invest a Savings Problem

The thing I love most about Toronto is the traffic.  Second on my list is the cost of parking.  Oh wait, my list was upside down, […]
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 […]
August 30, 2019

New Thinking – The Merits of Postponed Retirement

My Dad retired in his late 50s when I was still in high school.  For the 18 years he enjoyed his retirement he always said that […]
August 20, 2019

Game Changer – 21st Century Funding of DB promises

A new set of rules for funding defined benefit pension plans is emerging in Canada.  I think we need to be honest about what we want […]