Pension Governance in a Shifting Regulatory Climate

Pension regulators in Canada are transforming how they regulate.  There is increased interest in risk, particularly in areas like cybersecurity and climate change. Ontario’s pension regulator can now levy administrative monetary penalties for not only late filings but general breaches of the pension legislation, and has announced a new plan examination process. The federal regulator has reorganized and is issuing guidance applicable to both pension plans and other regulated entities, such as banks, despite differences between the two. AI will no doubt be the regulatory radar. The new priority for pension plan deficits in employer insolvencies may also have an impact. 

Sponsors and administrators of pension plans need to understand and be prepared for the shifting regulatory climate and being more actively regulated. Join Torys LLP partners Tom Stevenson and Stephanie Kalinowski to learn about what’s on the mind of the pension regulators and help you understand what your organization should be thinking about in order to safely navigate the changing regulatory environment. 

For members of the Law Society of Ontario, this program is eligible for up to 1.5 Substantive Hour(s).