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Financial Services Regulatory Authority of Ontario's pension update includes Q3 2024 Solvency Report

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January 13, 2025

The Financial Services Regulatory Authority of Ontario (FSRA) recently published a pension update on several key pension issues.

Andrew Fung, the regulator’s executive vice president of pensions, updates readers on several initiatives and industry news, including:

  • FSRA’s Q3 2024 Solvency report, which showed Ontario DB plans had a strong average funding level of 121 per cent, despite a slight drop for the quarter.
  • Encouragement to participate in the third annual Pension Awareness Day on Feb. 20, 2025.
  • The recent release of FSRA’s final Guidance on Principles-Based Regulation.
  • Implementation of the permanent target benefit pension plan framework effective January 1, 2025, and upcoming guidance on FSRA’s supervisory approach.

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