News & Updates
FSRA publishes new guidance for consumers - Understanding Decumulation Products
January 23, 2024
The Financial Services Regulatory Authority of Ontario (FSRA) has published new guidance — Understanding Decumulation Products — to help consumers navigate decisions around decumulation.
The guidance identifies new and existing products that consumers use to draw down on their savings during retirement while not outliving those savings, FSRA says.
To assist consumers, the guidance outlines factors that should be considered before deciding to invest in uninsured decumulation products, which FSRA does not regulate.
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