Office of the Superintendent of Financial Institutions
OSFI has posted a revised version of the Guide to Intervention for Federally Regulated Private Pension Plans. As mentioned in the guide, plans are assigned a stage rating, from 0 to 4, depending on OSFI’s overall risk assessment of the plan. The guide was primarily revised to clarify what typically occurs at each stage rating including the degree of supervisory actions or interventions that plan administrators could expect OSFI to take at each stage rating. OSFI took into account circumstances of non-compliance, best practices and bankruptcy during the review of this guide.