The Financial Services Regulatory Authority of Ontario published a pensions sector update showing that the median solvency ratio for defined benefit plans rose to 127% as of June 30, 2026, from 122% as of March 31. Its 2025 funding report also found higher median funded ratios and more plans fully funded on both going-concern and solvency bases. A separate Pension Benefits Guarantee Fund report covers the fund’s financial position as of March 31, 2026, including the increased guarantee amount and continued sustainability. The update clarifies that administrative relief from defined benefit filing requirements following buy-out annuities depends on whether liabilities have been fully discharged and whether surplus remains. It also notes that administrators converting a Specified Ontario Multi-Employer Pension Plan to a target benefit plan may seek a waiver allowing required information to be included in the next annual pension statement. Plans using surplus or a prior-year credit balance to fund normal costs must report the relevant amounts correctly in their Annual Information Returns. Changes to the Actuarial Information Summary will add defined contribution and annuity-purchase membership data, while a modernized Pension Services Portal will introduce expanded functionality and new cybersecurity and privacy elements. Both updates are expected in fall 2027. The Financial Services Tribunal also upheld the regulator’s use of summary administrative monetary penalties for late statutory filings, reinforcing their role in addressing noncompliance.

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