Le Lézard
Classified in: Business
Subject: ECO

Ontario's Defined Benefit Pension Plans Continue to be Healthy Despite Current Economic Trends


TORONTO, Aug. 16, 2022 /CNW/ - FSRA has released its annual report on the funding of defined benefit pension plans in Ontario. FSRA estimated the projected funded ratio of the plans has improved slightly. In general, this means during the report period, plans remained well funded. 

FSRA has also released its latest quarterly solvency report as at June 30, 2022. The report finds the funded positions of pension plans continue to perform at healthy levels despite a small decrease for the first time in about 2 years. 

Given the rapidly changing economic environment, we encourage plan sponsors and administrators to consider various stress tests and to continuously monitor plan risks. We believe that good risk management is a key characteristic of a well-run plan and an important part of the plan administrator's role in protecting members' benefits. An effective framework for managing risk will assist plan administrators in keeping plan assets safe, protects the plan from adverse risks and supports the plan in meeting its objectives.

 Learn More:

FSRA continues to work on behalf of all stakeholders, including consumers and pension plan members, to ensure financial safety, fairness, and choice for everyone.

Learn more at www.fsrao.ca

Alex Kvaskov
Financial Services Regulatory Authority (FSRA)
E: alex.kvaskov@fsrao.ca
www.fsrao.ca

SOURCE Financial Services Regulatory Authority of Ontario


These press releases may also interest you

at 06:30
Radisson Mining Resources Inc. : ("Radisson" or the "Company") announces today that the Board of Directors and Rahul Paul have mutually agreed that Mr. Paul will step down as President and Chief Executive Officer, effective immediately. Denis V....

at 06:13
Sensiba San Filippo LLP (SSF), one of the region's top 20 accounting firms, announced today a partnership with Integration Platform-as-a-Service (iPaaS) leader DataBlend....

at 06:12
Deloitte Canada is hosting Fashion Forward, a first of its kind event bringing together an exclusive group of Canadian retailers, industry leaders, and fashion insiders to explore key opportunities within Canada's retail sector, with a focus on...

at 06:04
SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform ('TAMP'), announced it won two WealthManagement.com 2022 Industry Awards in the...

at 06:00
Verde AgriTech Ltd. ("OTCMKTS: "VNPKF") (the "Company") is pleased to announce that it will be presenting at the Morgan Stanley Global Chemicals, Agriculture, and Packaging Conference (the "Conference"). The Conference will take place in Boston, MA,...

at 06:00
By December 2023, NPower Canada will launch 460 Québec residents into meaningful and sustainable digital careers through their free, three-month workforce development program. For the first time, their programs will be offered in French, to provide...



News published on 16 august 2022 at 11:30 and distributed by: