October 29, 2015
The Financial Services Tribunal will hold a hearing on December 4 and 7, 2015 to decide a number of preliminary issues. The Notice of Hearing may be accessed here. The preliminary issues arise from the applications for hearing filed by 11 Plan members in response to the Notice of Intended Decision of the Superintendent dated July 17, 2015 to consent to Canada Life’s surplus withdrawal application. The resolution of the preliminary issues will determine whether the substance of the applications will be heard by the Tribunal.