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FSCO’s Onerous New Investment Monitoring Model
In July 2004, the Financial Services Commission of Ontario (FSCO) released a consultation paper proposing a new, risk-based model for monitoring investments of Ontario-registered pension plans. In response to FSCO’s request for comments, Watson Wyatt made a submission on August 30, 2004. As stated in the submission, Watson Wyatt believes that the model proposed in the consultation paper is seriously flawed and would be unlikely to achieve FSCO’s regulatory objectives.
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