On June 4, 2024, the Financial Services Regulatory Authority (FSRA) of Ontario released their final guidance regarding retroactive adverse amendments. In the guidance, FSRA is prohibiting pension plan administrators from registering retroactive adverse amendments that could negatively affect plan members or beneficiaries, such as changes to contribution rates, with some exceptions. The new guidance is […]
FSRA Releases Final Guidance on Retroactive Adverse Amendments
