News & Updates
FSRA's latest quarterly update shares Q1 solvency results, pension sector analysis and guarantee fund oversight progress
July 18, 2025
The Financial Services Regulatory Authority of Ontario (“FSRA”) updated members on a busy quarter of stakeholder consultations and regulatory reports in its latest pension update.
Andrew Fung, the regulator’s Executive Vice President, Pensions, updated the industry on several reports and news items, including:
- FSRA’s Q1 2025 Solvency Report, which showed Ontario defined benefit plans had a median funding level of 119%, down three percentage points from the previous quarter.
- The release of FSRA’s second annual Sector Overview and Activities Report, providing an analysis of Ontario’s workplace pension landscape and offering stakeholders valuable insights into the sector’s composition, operational activities, and regulatory measures.
- The recent release of FSRA’s Pension Benefits Guarantee Fund Report includes an update on oversight of the Investment Management Corporation of Ontario, which invests the PBGF assets.
- An anonymized summary report on the 17 retroactive adverse amendment applications FSRA has reviewed since the release of new guidance on pension plan amendments last year.
- The decision not to pursue the development of a Family Law Rule based on feedback from its consultation paper on the subject.
- The results of FSRA’s bi-annual cross-sectoral consumer survey.
Click on ‘More Information’ below to review the pension update:
