OSFI Canada Issues Draft Policy Advisory Regarding Federally Regulated Pension Plans' Investments in Buy-in Annuity Products; Comments Due March 9

The Office of the Superintendent of Financial Institutions (OSFI) issued a draft Policy Advisory to inform plan administrators of OSFI’s expectations in areas relevant to a buy-in annuity investment for a federal regulated pension plan. The draft Policy Advisory covers an investment in a buy-in annuity issued by a life insurance company for pensions in pay only. Comments are requested by March 9, 2012.