News & Updates

BCFSA publishes advisory regarding updates to Information Bulletin and Regulatory Statement on valuation report filing for DB plans


May 24, 2023

A glass globe sits atop papers displaying graphs

The BC Financial Services Authority (BCFSA) published an advisory regarding the update and renaming of the following documents:

  • Information Bulletin PENS 20-001: Frequently Asked Questions pertaining to new defined benefit funding requirements effective December 31, 2019
  • Regulatory Statement 21-013: Valuation Filing Requirements

These changes were prompted by Order in Council No. 505 which clarified the funding requirements of the provision for adverse deviation (“PfAD”) on normal actuarial cost when a plan with a defined benefit provision has accessible going concern excess.

Read the full advisory by clicking on more information:

More Information

Print this Page icon