FSRA issues final Guidance on Administration of Pension Benefits Upon Marriage Breakdown and updated Guide for Members and Spouses
The Financial Services Regulatory Authority of Ontario (FSRA) is committed to promoting the good administration of pension plans and protecting and safeguarding the pension benefits and rights of pension plan beneficiaries.
FSRA is releasing final Guidance on the Administration of Pension Benefits Upon Marriage Breakdown. This Guidance provides a principles-based approach with examples plan administrators can use to interpret and comply with their legal obligations. The new Guidance comes into effect on November 9, 2021.
As a result of feedback received, the Guidance better clarifies FSRA’s position on issues relating to valuation, payment and division, and survivor benefits.
We are also releasing an updated plain language guide for plan members and their spouses to support their understanding of this topic.
The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members. Learn more at www.fsrao.ca.
- Guidance on Administration of Pension Benefits upon Marriage Breakdown
- Updated family law forms for the valuation and division of pension assets
- Pensions and Marriage Breakdown – A Guide for Members and their Spouses
For media inquiries:
Senior Advisor, Corporate Communications
Financial Services Regulatory Authority of Ontario