Temporary Relief Measures Help Pension Plans Ease Their Administrative Burden
TORONTO, June 19, 2020 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members during this time of rapid change and disruption.
In response to the sector, the Government of Ontario has amended Regulation 909 and Regulation 310/13 of the Pension Benefits Act (PBA), to provide extensions to certain filing deadlines and certain member communications. The changes will help to ease the burden on plan administrators during this period.
As a result we have updated our existing Guidance: Pension Sector Emergency Management Responseto provide a summary of the regulation changes. Administrators, sponsors and their advisors are advised to consult the regulations for full details.
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The Prime Minister will greet the President of Poland, Andrzej Duda.
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The Prime Minister will meet with the President of Poland,...
