Introducing principles for management of investment risk for federally regulated pension plans

Document Properties

  • Type of publication: Letter
  • Date: March 17, 2022
  • To: Federally Regulated Pension Plan Administrators and Pension Industry Stakeholders

The Office of the Superintendent of Financial Institutions (OSFI) is releasing a consultation paper on pension investment risk management. The consultation paper introduces principles for the management of investment risk that OSFI believes are relevant for federally regulated pension plans. These expectations cover four areas: independent risk oversight, risk appetite and risk limits, portfolio and risk reporting and valuation policies and processes.

OSFI invites comments on the proposed regulatory expectations and responses to the questions contained in the consultation paper. Your input will help to ensure that OSFI’s pension investment risk management guidance reflects and accommodates the circumstances of all pension plans, including plans of various sizes, degree of investment sophistication and risk profiles.

Comments and submissions on the consultation paper should be provided to OSFI by email at pensions@osfi-bsif.gc.ca by May 13, 2022.

Yours truly,

Ben Gully
Assistant Superintendent
Regulation Sector