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Ontario has a new chair of the Financial Services Tribunal, with the government appointing Ian McSweeney to the position.
The tribunal is an adjudicative body that holds hearings on decisions of the Superintendent of Financial Services for Ontario.
McSweeney “will also serve as the Chair of the Financial Services Commission of Ontario (FSCO)—the regulator of insurance, pension plans, credit unions and caisses populaires, mortgage brokering, loan and trust companies, and co-operative corporations,” according to a media release.
His “appointment follows the June announcement of the Financial Services Regulatory Authority of Ontario (FSRA), a new, independent and modernized regulator of financial services and pensions in the province that will replace FSCO.”
More: Financial services sector employs more than 380,000 Ontarians.ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapensions.ca.

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