The Financial Services Regulatory Authority of Ontario (FSRA) published its Q4 2025 Solvency Report for Defined Benefit Pension Plans, estimating a median pension solvency ratio of 124 per cent for Ontario defined benefit plans, unchanged from the previous quarter’s record high. Covering 1 October to 31 December 2025, the report links the year-end results to positive equity market performance in the second half of 2025 after a volatile first half. FSRA highlighted potential 2026 risks including interest rate movements, equity market corrections, and geopolitical and economic uncertainty, and encouraged plan sponsors and administrators to use stress testing, modelling, and other analytical tools to assess risks.
Financial Services Regulatory Authority of Ontario 2026-03-03
Financial Services Regulatory Authority of Ontario reports 124 per cent median solvency ratio for Ontario defined benefit pension plans in Q4 2025
The Financial Services Regulatory Authority of Ontario released its Q4 2025 Solvency Report for Defined Benefit Pension Plans, maintaining a median pension solvency ratio of 124% for Ontario plans. The report attributes year-end results to strong equity market performance in late 2025 and warns of potential 2026 risks like interest rate changes and geopolitical uncertainty. Plan sponsors are advised to employ stress testing and analytical tools for risk assessment.