The Financial and Consumer Services Commission of New Brunswick has opened a call for pension industry stakeholders to join a technical working group to help develop a proposed defined contribution (DC) decumulation framework, responding to limited decumulation options currently available to New Brunswick DC plan members. The working group will review and provide input on a Commission discussion paper and help identify issues and design elements for a potential framework. Participants are expected to be seasoned professionals with expertise in DC plan administration, design, investments and/or member engagement, representing segments such as unions, members and retirees, sponsoring employers, multi-employer DC administrators, investment professionals, pension legal and actuarial specialists, and insurers or other financial firms providing DC plan services. The anticipated commitment is about nine hours across three months, with one three-hour meeting per month, and in-person meetings are preferred (with hybrid or virtual participation possible depending on membership composition); membership is unpaid, with reasonable travel expenses potentially reimbursed for in-person attendance. Applications are due by 31 October 2025, and the first meeting is scheduled for fall 2025.
New Brunswick Financial & Consumer Services Commission 2025-09-15
Financial and Consumer Services Commission of New Brunswick calls for applications to join technical working group on a defined contribution pension decumulation framework
The Financial and Consumer Services Commission of New Brunswick is seeking pension industry stakeholders to join a technical working group to develop a defined contribution decumulation framework. The group will review a Commission discussion paper and provide input on issues and design elements for the framework. Participants should be experienced professionals in DC plan administration, design, investments, or member engagement.