News & Updates
FSRA Report Shows Ontario DB Plans are in Good Shape Despite Economic Challenges and Market Volatility
January 12, 2023
According to the Financial Services Regulatory Authority of Ontario, Ontario Defined Benefit pension plans are in good shape — despite Q3’s economic challenges and market volatility.
FSRA’s Q3 2022 solvency report shows that 78% of plans are projected to be fully funded on a solvency basis — with only 3% falling below an 85% solvency ratio.
While investment returns were slightly negative for the quarter (-0.4%), the impact of asset losses was largely offset by rising interest rates.
To read the highlights of the report, click on more information:
