OSFI Annual Risk Outlook Report includes testing of AI Analytics in Pension Sector
June 18, 2026
The Office of the Superintendent of Financial Institutions (“OSFI”) recently released its Annual Risk Outlook report for 2026-2027. The publication outlines what OSFI sees as the most significant risks facing Canada’s financial system in the upcoming year and includes an outline of OSFI’s priorities regarding pension plan supervision in 2026-2027.
According to the report, exposure to key risks informs OFSI’s supervisory approach for select plans, which includes investment, interest-rate, liquidity and funding pressures, challenges in meeting compliance requirements, and sponsor related risks.
According to OSFI, in 2026-2027 their priorities in pension supervision are to:
- Funding and compliance - Continue monitoring and enforcing minimum funding and legislative requirements.
- Large plan oversight - Quantify risk and enhance supervisory approaches for the largest plans.
- Respond to enquiries from administrators, members, and industry stakeholders to increase confidence in the pension industry.
- Complete transition to new internal systems and explore AI and advanced analytics to strengthen supervision.
OFSI will continue to leverage risk indicators to prioritize its supervisory work, such as which valuation reports are reviewed in-depth.
Click on ‘More information’ below to read the report:
