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Pension and Investment Seminar Banner 2018

CIA 2018 Winter Pension and Investment Seminar (offered in French only)

Date: Monday, February 12, 2018

Location: Hôtel Bonaventure Montréal, 900 de la Gauchetière W, Montréal QC

Program

09:00 – 09:40

Registration

09:40 – 09:45

Opening Remarks

09:45 – 10:15

Session 1 –  CIA Public Statement on Retirement Age and Public Pension Plans

Speakers :
Jacques Tremblay (FCIA), Co-champion, Single Topic Task Force on Retirement Age, CIA
Michel St-Germain (FCIA), Member, Single Topic Task Force on Retirement Age, CIA

Member feedback is key to the development of the CIA’s public statement on retirement age and its impact on public pension plans. Attendees will have the opportunity to provide their insight on these important issues and will receive an update on the task force work to date, key findings, and next steps.

10:15 – 11:15

 

Session 2 –  Québec Funding Regulations: Actuarial and Investment Implications

Speakers : 
Ramy Rayes (ACIA), director, asset allocation, bcIMC
Michel St-Germain (FCIA)

With defined benefit (DB) plan funding, solvency is no longer a central consideration in Québec or Ontario, but a stabilization provision is now required. The repercussions on the actuarial and investment field are many. This session examines the factors behind these changes and the aim of this provision. The speakers will discuss the CIA’s position on these regulations and the questions that they raise, including the following: the provision and the interest rate risk; how to measure a plan’s financial situation and choose a return assumption; the viability of DB plans; treatment of alternative investments; the need to amend investment policies and risk reduction measures; and the appropriateness of liability-driven investment (LDI).

11:15 – 11:30

Refreshment Break

11:30 – 12:30

Session 3 –  Purchasing Annuities in the New Legislative Environment

Speakers:
Alan Savoie (FCIA), senior consultant, retirement savings, Normandin Beaudry
Louis-Bernard Désilets (FCIA), senior consultant, Normandin Beaudry

A host of legislative changes affecting pension plans have taken place in recent years, and others are in the pipeline. What will be the repercussions of these changes on the strategies for purchasing annuities? How does purchasing annuities remain an effective risk management tool in this new environment? What challenges lie in store for sponsors interested in purchasing annuities? 

12:30 – 13:15

Luncheon

13:15 – 14:15

Session 4 – Asset Liability Modelling Issues
Speakers : 
Ramy Rayes (ACIA), director, asset allocation, bcIMC
TBC

This session provides an overview of approaches used in ALM studies and discusses new considerations in this area including the impact of climate change, among other factors.

14:15 – 15:15

Session 5 – Enhancing Pension Plan Returns in a Low Interest Rate Environment
Speaker :
Tommy Ouellet (FCIA), senior analyst, liability driven investment, Fiera Capital

This session will examine various investment opportunities that are available to pension plan sponsors in order to maximize their investment return and optimize the risk-return trade-off of their pension portfolio in the current low interest rate environment and regulatory framework.

Click here to register.

Accommodations

Guest rooms can be reserved at the at the Hôtel Bonaventure Montréal website or by calling 514-878-2332 (toll free at 1-800-267-2575). There is no CIA reserved room block for this seminar

Transportation

VIA Rail Canada

Special rates are available to CIA members travelling by train. When making your reservations, provide the CIA corporate account identification number, 810710, to receive a 7.5 percent discount off the best-available regular fare. This fare applies to a maximum of four passengers per purchase. For schedule and fare information access the VIA Rail website.

Presentation Material

The CIA does not provide hard copies of presentation materials for sessions. All presentations received will be compiled into one PDF document that will be sent to registrants by e-mail prior to the seminar. All sessions at the seminar will be recorded. 

Organizing Committee

Committee on Continuing Education Chair
Alison Rose
Pension Subcommittee Members
June Smyth, Chair
Stephen Cheng
Alan Cooke
Gordon Ripley
Tulio Walles Mora


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