BCFSA Releases Pension Plan Administrators’ Guide

Guide will provide centralized resource for administrators of employer-sponsored pension plans

BC Financial Services Authority (BCFSA) has released a Pension Plan Administrators’ Guide: Roles and Responsibilities to promote good governance of employer-sponsored pension plans and provide a centralized resource for administrators.

BCFSA’s new guide brings together links to previously published resources and offers streamlined access to relevant industry materials, including certain guidelines issued by the Canadian Association of Pension Supervisory Authorities.

The guide was created to focus solely on the minimum standards established for B.C. pension plan administrators under the Pension Benefits Standards Act and the Pension Benefits Standards Regulation.

“By assisting administrators, BCFSA aims to build plan members’ confidence that their pension is being managed effectively,” said Nez Aquino, BCFSA’s Senior Vice President, Financial Institutions.

More Information

Advisory — Release of Pension Plan Administrators’ Guide: Roles and Responsibilities

About BCFSA

B.C. Financial Services Authority (BCFSA) is the province’s regulator for the financial services sector that helps to protect British Columbians during some of the most important financial decisions of their lives. As a Crown agency of the Government of British Columbia, BCFSA oversees credit unions, trust companies, insurance companies, pension plans, mortgage services, real estate services, real estate development marketing, and money services. BCFSA also administers the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC). BCFSA’s mission is to instill confidence in the financial services sector by focusing on the safety and soundness of regulated entities and consumer protection.

Media Contact:

Kate Bilney
Communications Manager, media@bcfsa.ca
Visit: www.bcfsa.ca