BCFSA updates pension plan supervision framework to address emerging risks
May 27, 2025
The British Columbia Financial Services Authority (BCFSA) has published its updated Supervisory Framework for pension plans registered in the province.
The Supervisory Framework sets out a principle- and risk-based supervisory framework for pension plans registered in BC. It replaces the regulatory framework for BC-registered pension plans that was released in May 2014.
According to the BCFSA, the updated framework adopts a more “forward-looking” approach to pension plan supervision. It emphasizes early identification of the most significant risks and a forward-looking approach to risk assessment.
The Supervisory Framework is designed for universal application across all pension plan types and sizes within BC and is used to assist BCFSA with its objective of reducing the risk of benefit loss for plan members and beneficiaries.
Click on ‘More Information’ below to review the Supervisory Framework:
