Among the day-to-day political crises that come and go in the news, pension reform has persisted for years now. Is the current system sustainable? Are Canadians saving enough? How can the government make citizens pay more attention to pensions? What role do employers play in engaging workers?
Well, the Financial Services Commission of Ontario has been holding consultations and reporting on the issues for the past couple of years and has come up with:
a framework to carry out its commitment for enhancing its pension regulatory services, communications with pension stakeholders and broadening stakeholder engagement in pension initiatives and projects.
I think that means the commission will be working to make things easier for pension-holders and managers. You can read a report on the project here.
First Reference Internal Controls, Human Resources and Compliance Editor