News & Updates
FSRA seeks input on consultation paper for development of rules related to family law and pension division issues
December 13, 2023
The Financial Services Regulatory Authority of Ontario (FSRA) has released a consultation paper seeking input on the prospective formulation of rules related to family law and pension division.
Specifically, FSRA is seeking feedback on the following proposed developments:
- consolidating family law requirements pertinent to pensions under a FSRA rule;
- raising the maximum fee for a statement of imputed value;
- addressing uncertainties in the division and revaluation process of a retired member's pension;
- setting requirements for the treatment of interest on lump sum transfers;
- allowing plan administrators to design their own pension valuation and division forms; and
- aligning the family law framework for variable benefits with that for non-variable benefits.
FSRA encourages stakeholders and the public to provide feedback by January 19, 2024.
Click on more information below to read the consultation paper:
