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OSFI Publishes Draft Instruction Guide on Buy-in Annuity Products


September 21, 2022

Coins Stacked with a Line Graph Showing Fluctuation in Front of Them

The Office of the Superintendent of Financial Institutions (OSFI) has published a draft instruction guide on Buy-in Annuity Products.

The guide updates the current Guidance published in 2012 to reflect:

  • updated requirements for the valuation of assets and liabilities
  • additional considerations for the administration of pension plans and pension funds
  • greater clarity on other expectations, including streamlining of information
  • additional references to legislation and guidance material
  • changes to accepted actuarial practice and other issues that have emerged since then.

OSFI invites comments on the draft by Oct. 14, 2022.

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