(November 3 – 16:50 ET) – Amendments to Ontario’s pension investment regulations may have significant implications for pension plans registered in Ontario, says a Financial Services Commission spokesman.
Effective January 1, 2001, pension plans registered in Ontario must comply with the federal investment regulations. This will require the completion and adoption of a Statement of Policies and Procedures, replacing the current Statement of Investment Policies and Goals.
Alternatively, pension plans may continue to comply with the Ontario investment regulations and may either invest in accordance with the federal or provincial investment regulations.
Plan administrators may wish to refer to the “Guideline for the Development of Investment Policies and Procedures for Federally Regulated Pension Plans” prepared by the Office of the Superintendent of Financial Institutions.
-IE Staff