Briefing, “FSCO Penalties on Pension Plans Come into Force in Ontario on January 1, 2018”

The Segal Group summarizes and analyzes important compliance news affecting pension plans in a publication called Briefing.

The latest issue discusses a recent announcement from the Financial Services Commission of Ontario that the Superintendent of Pensions will soon have the authority to impose and collect administrative penalties without going through court action.

We recommend action items for the next few months to avoid the penalties.

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