The subject of what can and can't be charged to a pension
plan has always been an important one for employers because of the
often high costs related to administering a pension plan.
On January 23, 2013, the Ontario pension regulator (the
Financial Services Commission of Ontario), issued a new policy
regarding administrative fees and expenses payable from a pension
fund. The new policy, Policy A200-101, replaces four existing
policies on the topic and is accessible at http://www.fsco.gov.on.ca/en/pensions/policies/active/Documents/A200-101.pdf.
Although clarification regarding expenses chargeable to pension
funds was provided in late 2010 with the addition of a new section
22.1 in the Ontario Pension Benefits Act ("PBA"), Policy
A200-101 provides additional guidance that is welcome.
