The mandate of FSCO's Pension Division is to administer and enforce the Pension Benefits Act and Regulations to protect the rights and benefits of pension plan members and regulate pension plans in a fair, effective, efficient and responsive manner.
Its responsibilities include:
- Monitoring pension plans to ensure they are administered and funded in compliance with the Act and Financial Services Commission policies;
- Timely and accurate processing of applications in accordance with the Act and Financial Services Commission policies;
- Timely and relevant responses to member and public inquiries and complaints;
- Timely and efficient processing of wind-ups of pension plans of insolvent companies;
- Taking proper enforcement action when required;
- Working closely with the Ministry of Finance in the development of changes to the Act and Regulations and the Canadian Association of Pension Supervisory Authorities (CAPSA) in the development of national harmonization initiatives.
- Financial Hardship Unlocking
- Your Pension Rights: A Guide for members of Registered Pension Plans in Ontario
- A Guide to Applying for Special Access to Your Locked-in Retirement Account (LIRA), Life Income Fund (LIF), Locked-in Retirement Income Fund (LRIF)
- How to Resolve a Complaint
- Filing Information for Pension Plan Administrators
- Enforcement Activities
- Pension Plan Information Access
- Pension Bulletins
Financial Services Commission of Ontario