Home Breadcrumb caret Industry News Breadcrumb caret Industry FSRA seeks members for pension advisory committees The committees will advise Ontario’s new financial services regulator on three pension-related areas By Staff | July 19, 2019 | Last updated on July 19, 2019 1 min read © kasto / 123RF Stock Photo The Financial Services Regulatory Authority (FSRA) is creating three technical advisory committees to provide advice and feedback on key matters related to the pension sector, the regulator said in a release on Friday. The committees will form part of the FSRA’s stakeholder engagement process, helping to improve processes and approaches to regulation and reduce regulatory burden, the release said. The committees will provide advice in the following areas: missing plan members under registered pension plans, the transfer of assets between pension plans, and the supervisory approach to Pension Benefits Guarantee Fund–eligible pension plans that carry a deficit and may be at risk of failure. Committee members will participate in at least three to five meetings beginning later this summer, the release said. For information on the nomination process and criteria for each committee, visit the FSRA’s website. This fall, the FSRA will also establish a committee to address the valuation and division of pension assets following the breakdown of a spousal relationship, the release said. Effective June 8, the FSRA assumed the regulatory duties of the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo