Regulations

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 […]
May 25, 2020

Risk Analysis in Valuation Reports – FSRA’s Looking for More

In recent weeks, FSRA has caused a bit of a stir in the actuarial community with their recent guidance on the contents in an actuarial valuation […]
March 9, 2020

A Perspective on Commuted Values

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 […]
January 3, 2020

Looking Back on 2019, and Looking Ahead in 2020

It is again that time of year, when pension plan sponsors take stock of their experience in 2019 and make plans for 2020. What happened in […]
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 […]
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 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 22, 2019

Apollo 11: The Power of a Clearly Defined Goal

This past week marks the 50th anniversary of the Apollo 11 mission, the spaceflight that first landed humans on the Moon, and fulfilled the goal laid […]
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 […]