News & Updates
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Highlights from FSRA's Fall 2025 Pensions Newsletter
December 19, 2025
The Financial Services Regulatory Authority of Ontario (“FSRA”) released its Fall 2025 Pensions newsletter, providing key updates and an overview of ongoing initiatives in the pension sector.
This newsletter highlights active engagement over the past few months, including stakeholder meetings, speaking engagements, and advisory committee discussions.
The key updates are as follows:
- FSRA's Standing Technical Advisory Committees concluded the year with discussions on proposed target benefit guidance, data quality initiatives, surplus website updates, and preparations for the 2026 Pension Awareness Day.
- FSRA released its Q3 2025 Solvency Report, showing an increase in the median solvency ratio to 124%, driven by robust equity returns. For more details, click here.
- FSRA reminds pension plan administrators of key regulatory requirements under the Ontario Pension Benefits Act and Ontario Regulation 193/18 related to annuity discharge submissions.
- Administrators are reminded to report the Incremental Cost (IC) as an annual average in the Actuarial Information Summary (AIS).
- Planning is underway for the 2026 Pension Awareness Day, an annual campaign to highlight the value of workplace pensions and retirement readiness across Ontario.
- FSRA is introducing a data clean-up initiative to enhance the quality, efficiency, and reliability of data submitted through the Pension Services Portal.
Click on ‘More Information’ below to read the full newsletter:
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