Employers: Keep an eye on your pension plansObjectivity must be exercised by plan administrator and its agentsBy Mark Newton04/17/2007|Canadian Employment Law Today If you are involved in managing or overseeing a pension plan, the importance of closely supervising your providers cannot be underestimated. The need for objectivity in the administration of a pension plan and in the monitoring of service providers, such as actuaries, is essential. Objectivity must be exercised by both the “administrator” (defined below) and its agents.The Ontario Court of Justice released its decision in Ontario (Superintendent of Financial Services) v. Norton on Feb. 23, 2007. J. Melvin Norton provided actuarial services to Slater Stainless Corporation for two pension plans. Norton prepared actuarial reports as of Jan. 1, 2002, in May of that year. A year later, in June 2003, Slater filed for creditor protection under the Companies Creditors Arrangement Act To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.