Reducing regulatory burden for defined contribution plans
Mar 04, 2022
The Government of Ontario has made regulatory amendments to remove the requirement for the administrators of member-directed Defined Contribution pension plans to prepare a statement of investment policies and procedures.
The government has also made regulatory amendments to remove the requirement for administrators of pension plans providing only defined contribution benefits to file an auditor’s report on the plan’s annual financial statements. Instead, FSRA is able to require audited financial statements in certain circumstances.
Review the announcement.