Pensions and Benefits Law Blog

‘Material IT risk’ reporting requirement for Ontario pension plans goes live April 1, 2024

Ontario's Financial Services Regulatory Authority (FSRA) finalizes its guidance on IT risk management for pension plan administrators and other...

Are pension plan administrators legally required to consider climate change?

According to the United Nations’ Intergovernmental Panel on Climate Change’s latest report, the science is now settled that human...

CAPSA releases draft guidelines on Environmental, Social and Governance (ESG) considerations in pension plan management

On June 9, 2022, the Canadian Association of Pension Supervisory Authorities (CAPSA) released for consultation a draft guideline titled CAPSA...

With rising interest rates, you may have a pension surplus and available options

An Osler blog looks at how rising interest rates may lead some companies with defined benefit pension plans to be in the enviable position of having...

Understanding TCFD from a pension plan perspective

On December 4, 2015, the Financial Stability Board (FSB) established the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD...

FSRA proposes interpretation level guidance on Pension Benefits Guarantee Fund assessment calculations and deadlines

The Financial Services Regulatory Authority of Ontario (FSRA) has proposed guidance on  acceptable valuation dates and for deadlines for...

Ottawa releases draft legislation to fix contribution errors in defined contribution pension plans

On February 4, 2022, the Department of Finance released for public comment a set of draft legislative proposals to implement previously announced tax...

OSFI announces intention to release climate risk management guidance

On January 14, 2022, the Office of the Superintendent of Financial Institutions (OSFI) announced via press release that it intends to release later...

Bank of Canada and OSFI release findings of joint pilot project on climate change transition risk scenarios

Osler lawyer Jonathan Wypych provides his analysis of the Bank of Canada and OSFI’s joint final report on their pilot climate scenario analysis...

The Ontario government enacts first ever whistleblower protection in the Canadian pension regulatory sector

The Financial Services Regulatory Authority of Ontario has enacted amendments that introduce the first ever whistleblower protection in the Canadian...