Regulator seeks applications for new pension committee
The Financial Services Regulatory Authority of Ontario (FSRA) announced Jan. 28 that it is looking for members to join a new special purpose committee that will provide insights “on fostering a vibrant employment-based pension pillar in Ontario, within the regulatory framework.”
FSRA says members will examine existing regulatory processes with the aim of improving the administration of pension plans through cost-efficient and innovative practices. They will also discuss approaches to help ensure that Ontario pension plan members are well-informed regarding their retirement benefits and how those pension benefits are protected.
Ten to 14 members will be chosen for the committee who can offer “innovative and strategic thinking with significant experience in the administration and design of pension plans.”
FSRA is calling for applications from individuals who have experience as: union representatives with pension plan experience; representatives of pension plan members, former members and retired members; representatives from think tanks and similar organizations, as well as academics focused on retirement security, and pension research or the Canadian pension system; professionals with deep expertise in the range of retirement vehicles utilized by employers in Canada (for example, actuaries, pension lawyers, pension consultants, etc.), and knowledge of other retirement systems outside of Canada and, plan sponsor representatives.
Those interested can send their applications to Arielle Brenman by Feb. 18, 2021.