A New Paradigm for the Wind-Up of Registered Pension Plans in Ontario

In my view, the current requirement to settle all benefits determined at wind-up on an immediate liquidation basis is extremely expensive and is therefore detrimental to most of the stakeholders in the pension industry. Current regulations favour appointed administrators and insurers rather than plan members. The attached article discusses a new wind-up regime that would provide better outcomes for members, plan sponsors, regulators and the Pension Benefits Guarantee Fund.

A New Paradigm for Pension Plan Wind-ups

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