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BCFSA publishes Regulatory Statement concerning application of CANSIM rate

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January 31, 2024

The British Columbia Financial Services Authority (BCFSA) has published a Regulatory Statement for applying the Canadian Socio-Economic Information Management System Rate (CANSIM rate).

BCFSA states that while pension plan administrators must align their use of the CANSIM rate with the definition in section 69 of the Pension Benefits Standards Regulation, the Superintendent of Pensions is not prescribing specific corrective actions for administrators who discover issues with their application of the CANSIM rate. Any complaints received by the Superintendent or BCFSA from pension plan members will be considered on a case-by-case basis.

Click on more information below to read the full regulatory statement:

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