Pension plan governance guidelines

As a member of the Canadian Association of Pension Supervisory Authorities (CAPSA), OSFI encourages administrators to follow CAPSA's Guideline No. 4: Pension Plan Governance Guideline and Self-Assessment Questionnaire (CAPSA Governance Guideline). The CAPSA Governance Guideline provides a broad outline of good governance principles and assistance on establishing and maintaining best governance practices.

OSFI's Guideline for Governance of Federally Regulated Pension Plans issued in 1998 had been maintained on the OSFI website as a potential reference document; however after a recent review of its contents, it has now been removed. It was determined that the CAPSA Governance Guideline and other OSFI guidance material, such as the Risk Assessment Framework, reflected OSFI's up-to-date expectations for administrators for the governance of pension plans.