Publication archives
Exposure Draft to Revise Part 6000 of the Standards of Practice – Practice-Specific Standards for Post-Employment Benefit Plans
In May 2020, the Actuarial Standards Board (ASB) established a designated group (DG) to review the Standards of Practice (SOP) for Post-Employment Benefit Plans (Part 6000, hereinafter “the SOP”). A notice of intent (NOI) was issued in June 2021 with a September […]
Explanatory Report: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2023, and Applicable to Valuations with Effective Dates on or after March 31, 2023, and no later than June 29, 2024
The Committee on Pension Plan Financial Reporting (PPFRC) is issuing this explanatory report to provide members with additional information and details on the analysis done for the guidance outlined in the educational note supplement dated May 1, 2023, (Guidance for […]
Practice Resource Document: Risk Diversification
This resource document addresses the topic of risk diversification as it relates to all areas of actuarial practice: life and health insurance, property and casualty insurance (P&C), mortgage insurance and pensions. It is intended to be an overview resource for […]
Educational Note: Life Insurance Capital Adequacy Test (LICAT) and Capital Adequacy Requirements for Life and Health Insurance (CARLI) (2023)
In March 2018, the Canadian Institute of Actuaries (CIA) published an educational note on the Life Insurance Capital Adequacy Test (LICAT) Guideline issued by the Office of the Superintendent of Financial Institutions (OSFI) and the Capital Adequacy Requirements for Life […]
Educational Note: Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (Other Than Subsection 3570)
The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that is not covered under subsection 3570. A separate educational note has been prepared for subsection 3570. An educational note on […]
Educational Note: Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (Subsection 3570)
The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that are covered under subsection 3570. A separate educational note has been prepared for the balance of Section 3500. An educational […]
Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2023, and Applicable to Valuations with Effective Dates on or after March 31, 2023, and no later than June 29, 2024
The most recent guidance from the Committee on Pension Plan Financial Reporting (PPFRC) regarding assumptions for hypothetical wind-up and solvency valuations was provided in the educational note dated March 23, 2023. This guidance applied for valuations with effective dates on […]
Memorandum: Minor Revisions – Part 1000 General Standards
Educational Note: Determination of Best Estimate Discount Rates for Going Concern Funding Valuations
This educational note is intended to assist actuaries in the selection of an appropriate best estimate discount rate for a going concern funding valuation of a pension plan. Educational notes on the same subject were originally issued on December 21, […]
Educational Note: Alternative Settlement Methods for Hypothetical Wind-Up and Solvency Valuations
This educational note provides guidance to actuaries who decide to use alternative settlement methods for hypothetical wind-up and solvency valuations. An educational note on this subject was originally issued on September 18, 2013 and was subsequently updated April 23, 2020. […]