The Joint Forum plans to undertake a review of the Capital Accumulation Plan Guidelines released in 2004.
The Financial Services Commission of Ontario—a member of CAPSA, which is a member of the Joint Forum—made the announcement in its draft of the Statement of Priorities for 2007.
The review will be conducted to measure the success of the implementation of the guidelines and determine if any additional work is required in this area.
FSCO will also continue to review partial pension plan wind-ups affected by the Monsanto decision to ensure compliance with obligations to distribute surplus on partial wind-ups.
And it intends to develop recommendations for changes to the requirements for disclosure of plan information to pension plan beneficiaries to increase transparency and enhance protection for beneficiaries.
To read the draft,click here.