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FSRA three-year plan includes pension flexibility, transparency and innovation

The Financial Services Regulatory Authority of Ontario has unveiled its priorities for the next three years, including plans to reshape its supervisory role for the province’s defined contribution pension plans. The FSRA’s plan for the financial years 2021-2024, includes three major initiative categories: the first covers a series of goals related to supporting the flexibility of DC pension plans through changes to the existing regulatory and legislative status quo; the second covers the FSRA’s work creating a new prudential supervision framework for itself; and the third covers efforts to refocus pension regulations and improve regulatory efficiency and effectiveness.

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