As part of FSCO’s ongoing efforts to help improve the management of pension plans and better protect the interests of pension plan beneficiaries, we undertake ‘targeted reviews’ of selected pension plans.
Each FSCO review focuses on a specific regulatory requirement, process, or practice. They help ensure compliance with the Pension Benefits Act (PBA) and FSCO policies, identify common issues and trends, and determine if and what further guidance or education the industry may need.
FSCO develops criteria to select a specific number of plans for each review. The process is similar for each review, with plan administrators being contacted with details if selected. FSCO also posts a website notification before each targeted review begins.
Once we complete a targeted review and analyze the data, FSCO shares its key findings with stakeholders on an aggregate basis, with no disclosure of plan-specific information. We then work collaboratively with stakeholders to strengthen pension plan management to enhance compliance and promote best practices.
Targeted reviews: frequently asked questions
Targeted reviews in progress
Targeted review findings