FST Decision Rendered
- Details
- Created: Monday, 29 July 2019 16:38
- Last Updated: Monday, 29 July 2019 16:38
July 27, 2019
FST Decision Rendered
The Financial Services Tribunal handed down its ruling on July 23rd2019 regarding our challenge of the treatment of indexation recoveries from the estate.
The judgment dismisses our position and supports the position put forward by the Ontario Superintendent of Financial Services and Morneau Shepell.
We have a 30-day window to appeal. We will likely not appeal the decision but are analysing our options.
If we do not appeal, we will provide more information on the timing of adjustments and lump sum transfers once details are available.