Ontario – CORPaTH

16 02, 2023

Ontario’s pension plans remained resilient despite challenges

CORPaTH2023-02-16T10:18:11-08:00February 16th, 2023|Categories: Defined Benefit Plans|Tags: canada, Ontario|

By Steve Randall Source: Wealth Professional Ontarians can feel confident that their pension plans weathered the economic storms of 2022 with resilience according to a provincial regulator. The Financial Services Regulatory Authority of Ontario's (FSRA) says that most pension plans in Ontario managed to navigate the economic challenges and market volatility to remain strong. Today (Feb. 16) the regulator is holding its first ever Pension Awareness Day to get people thinking more about retirement savings and engage with employers and unions [...]

18 02, 2022

Majority of Ontario’s DB pension plans more than fully funded

CORPaTH2022-02-18T13:10:52-08:00February 18th, 2022|Categories: Defined Benefit Plans|Tags: canada, Ontario, pension funding|

Source: Benefits Canada The average Ontario defined benefit pension plan is in the best funded position since December 2009, according to the Financial Services Regulatory Authority of Ontario’s latest quarterly solvency report. It found 81 per cent DB plans had a solvency ratio greater than 100 per cent at the end of 2021, compared to 67 per cent at the end of the third quarter of 2021 and 45 per cent in the last quarter of 2020. In addition, [...]

19 10, 2021

Expert panel: Climate change putting spotlight on ESG issues for pension plans

CORPaTH2021-10-19T15:10:13-07:00October 19th, 2021|Categories: ESG|Tags: canada, climate change, Ontario|

By Susan G. Seller Source: Benefits Canada The images of floods, forest fires and heat waves over the past few years is putting climate change front of mind for many, including pension plan sponsors and administrators. It’s become increasingly clear that environmental, social and governance factors are emerging as an important area of concern for pension plan administrators and, by extension, the boards and pension committees that exercise oversight over the investment of the assets of employer-sponsored pension plans. [...]

23 04, 2021

DB plan solvency in best position since financial crisis: FSRA

CORPaTH2021-05-13T08:05:24-07:00April 23rd, 2021|Categories: Defined Benefit Plans|Tags: canada, Financial Services Regulatory Authority of Ontario, Ontario|

By James Langton Source: Advisor's Edge In the first quarter of 2021, the funding status of defined-benefit (DB) pensions in Ontario surged to its best level since the financial crisis. The Financial Services Regulatory Authority of Ontario (FSRA) reported that the median solvency ratio for the province’s DB pensions rose to 103% (as of March 31), up from just 85% in March 2020 when the Covid-19 pandemic began. In the first quarter, the median solvency ratio rose from 98% [...]