Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI) is issuing a draft
Instruction Guide on Buy-in Annuity Products (the Instruction Guide) to replace the
Guidance on Buy-in Annuity Products (the Guidance). The Instruction Guide provides information to assist administrators of pension plans with defined benefit provisions registered or having filed an application for registration under the
Pension Benefits Standards Act, 1985 (PBSA) with respect to the considerations and reporting requirements of buy-in annuities.
The Instruction Guide updates the current Guidance published in September 2012, to reflect:
The Instruction Guide is being issued in draft form so that pension plan stakeholders can provide input on these changes.
Please send any questions or comments concerning these changes to email@example.com. OSFI will post a non-attributed summary of stakeholder comments and OSFI’s responses when the final version of the Instruction Guide is released. Comments should be provided no later than October 14, 2022.
Judy Cameron Senior Director Regulatory Affairs and Strategic Policy