News & Updates
OSFI’s InfoPensions Newsletter Includes Updates and Reminders for FRPPs
July 02, 2026
Canada’s Office of the Superintendent of Financial Institutions (“OSFI”) has released the latest edition of its semi-annual newsletter, InfoPensions, providing announcements and reminders on matters relevant to federally regulated pension plans (“FRPPs”).
Key updates include:
- Framework for unclaimed pension balances: Finalized regulations amending the Pension Benefits Standards Regulations, 1985 regarding unclaimed pension balances were published on April 8, 2026 and will come into force on January 1, 2027. Under the new regulations, terminated FRPPs will be able to transfer pension balances for unlocatable members to the Bank of Canada, after obtaining approval from the Superintendent. The ability to transfer unclaimed pension balances will allow terminated pension plans to complete the process of winding up. OSFI anticipates providing further details in the fall on the process for obtaining approval from the Superintendent to transfer balances.
- Estimated solvency ratio results: The solvency position of FRPPs with defined benefit provisions improved in 2025. The median estimated solvency ratio as of December 31, 2025 was 1.28, up from 1.20 at the end of 2024.
- Update on pension plans survey: In late 2025, OSFI conducted an online survey with FRPP administrators and other pension stakeholders of FRPPs to assess perceptions of OSFI’s performance. The final report of this survey is now available in summary form only. OSFI is reviewing the results and will develop an action plan to address areas of improvement in the future.
Click on ‘More information’ below to read the InfoPensions newsletter:
