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The Office of the Superintendent of Financial Institutions (OSFI) has launched an eight-week consultation on risk management for pension plans, the agency said in a release on Thursday.

With the consultation, OSFI seeks comment from federally regulated pension plan administrators and industry stakeholders on its proposed regulatory expectations set out in a paper, Pension Investment Risk Management.

The paper introduces principles for managing investment risk that are relevant for federally regulated pension plans, the release said. Areas covered include independent risk oversight, risk appetite and risk limits, portfolio and risk reporting, and valuation policies and processes.

“Through dialogue with stakeholders, OSFI is enhancing risk management for pension plans,” said Ben Gully, assistant superintendent, regulation sector with OSFI, in the release. “Feedback will help shape future guidance to support effective supervision of federally regulated pension plans, which will contribute to protecting members’ pension benefits.”

The consultation ends on May 13.