Asset Transfers related to Defined Contribution Provisions of Pension Plans

OSFI has issued a revised guidance note for Asset Transfers related to Defined Contribution Provisions of Pension Plans and accompanying Standardized Asset Transfer Request Form, replacing the June 2011 versions. The revisions to the guidance note include clearer information for multi-jurisdictional plans and clarifications regarding the scenarios under which the Superintendent’s permission to transfer assets is or is not required. The revisions to the form include enhanced reporting regarding the transferring individuals.