Canada: Laurence Frappier OSFI Chief Actuary Takes Office

• Laurence Frappier was appointed OSFI's new Chief Actuary, with her role becoming effective on October 1, 2026.
• As Chief Actuary, she is responsible for preparing actuarial reports on the Canada Pension Plan and pension plans for federal public servants.
• The Office of the Chief Actuary provides independent analysis to help Parliament, governments, and Canadians understand the long-term financial outlook of major public programs.
• Ms. Frappier joined the Office in 2011 and previously served as a Senior Director, following 15 years in private pension consulting.
• Her appointment ensures the continuation of independent, impartial, and transparent actuarial analysis crucial for public confidence and informed decision-making.

Lawyers advising on Canadian pension plans, particularly those related to federal public servants or the Canada Pension Plan, should note this appointment, as Ms. Frappier's role as Chief Actuary directly influences the independent actuarial analysis that informs the long-term financial outlook and stability of these significant programs, potentially impacting client advice regarding plan design, funding, and compliance.

The Office of the Superintendent of Financial Institutions (OSFI) has officially welcomed Laurence Frappier as its new Chief Actuary, with her appointment taking effect on October 1, 2026. This significant OSFI leadership appointment was initially announced by Superintendent Peter Routledge in June 2026, signaling a key transition within the independent actuarial oversight body. As the new Laurence Frappier OSFI Chief Actuary, she assumes critical responsibilities for the preparation of comprehensive actuarial reports concerning Canada's vital social security programs.

In her capacity as Chief Actuary, Ms. Frappier is tasked with overseeing the production of essential actuarial analyses for programs such as the Canada Pension Plan, alongside the pension and benefits plans designed for federal public servants and other federal plan members. The Office of the Chief Actuary Canada plays a crucial role by providing independent actuarial analysis, which is instrumental in helping Parliament, various levels of government, and the Canadian public understand the long-term financial health and sustainability of these major public initiatives. This independent assessment is vital for sound policy-making and public confidence in the nation's social safety net.

Ms. Frappier brings a wealth of experience to her new role, having first joined the Office of the Chief Actuary in 2011. Prior to her tenure with OSFI, she dedicated 15 years to private pension consulting, accumulating deep expertise in the field. Most recently, before her elevation to Chief Actuary, she served as a Senior Director within the Office, where she led a team responsible for developing actuarial reports and studies. Her previous work also involved delivering actuarial and advisory services specifically related to the Canada Pension Plan, the Old Age Security Program, and Employment Insurance, among other programs.

Throughout her distinguished career, she has cultivated extensive knowledge of Canada's retirement income system, encompassing its intricate design, financing mechanisms, and coverage scope. Academically, Ms. Frappier holds a Bachelor of Science in Mathematics from the Université de Montréal and is a recognized Fellow of both the Society of Actuaries and the Canadian Institute of Actuaries.

Ms. Frappier is poised to continue the Office of the Chief Actuary's enduring commitment to core principles, including independence, impartiality, and professional excellence in all its undertakings. Her leadership will ensure that the Office maintains transparent reporting practices, while also adapting its work to respond effectively to the constantly evolving demographic and economic landscapes. OSFI has expressed confidence that her proven expertise, strong leadership, and significant contributions to the Office of the Chief Actuary make her exceptionally well-suited for this demanding position.

Her ongoing efforts are expected to guarantee that Canadians continue to benefit from reliable actuarial analysis, which is fundamental for informed decision-making and fostering public trust in critical government programs. Lawyers advising on Canadian pension plans, particularly those related to federal public servants or the Canada Pension Plan, should note this appointment, as Ms. Frappier's role as Chief Actuary directly influences the independent actuarial analysis that informs the long-term financial outlook and stability of these significant programs, potentially impacting client advice regarding plan design, funding, and compliance.

Lawyers advising on Canadian pension plans, particularly those related to federal public servants or the Canada Pension Plan, should note this appointment. Ms. Frappier's role as Chief Actuary influences the independent actuarial analysis that informs the long-term financial outlook and stability of these significant programs, which could impact client advice regarding plan design, funding, and compliance.

Source: Original reporting via OSFI news release