The Financial Services Regulatory Authority of Ontario published its Q3 2025 Solvency Report for defined benefit pension plans in Ontario, reporting a median estimated solvency ratio of 124% for 1 July 2025 to 30 September 2025, up two percentage points from the previous quarter. The median solvency ratio reached a new high, which the report attributes primarily to investment returns of 4.6% during the quarter. FSRA also highlighted that funding positions remain highly sensitive to market fluctuations and encouraged plans to use stress testing, modelling and other analytical tools to assess potential risks. FSRA issues the solvency report quarterly to assess the financial health of Ontario defined benefit pension plans and provide plan members with timely information on funded status and economic conditions.
Financial Services Regulatory Authority of Ontario 2025-11-18
Financial Services Regulatory Authority of Ontario reports Ontario defined benefit pension plans’ median solvency ratio rises to 124% in Q3 2025
The Financial Services Regulatory Authority of Ontario's Q3 2025 Solvency Report shows a median solvency ratio of 124% for defined benefit pension plans, up two percentage points from the previous quarter. The increase is attributed to a 4.6% investment return, though funding positions remain sensitive to market fluctuations. FSRA advises plans to employ stress testing and analytical tools to evaluate potential risks.