Publication archives
Rounding of Monthly Fixed Income Yield Information Published for Use in Determining Pension Commuted Values
The PPFRC is issuing this explanatory report to provide members with additional information regarding a situation that occurred in August 2024, which arose from the publication of different monthly fixed income yields used in determining pension commuted values.
Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2025, and Applicable to Valuations with Effective Dates on or after September 30, 2025, and no later than June 29, 2026 – Educational Note Supplement
The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at September 30, 2025, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations with effective dates on or after September 30, […]
Standards of Practice (Effective February 1, 2026)
These changes to the SOP are effective February 1, 2026. Early implementation is permitted.
Final Standards: Changes to the Standards of Practice with Respect to Commuted Values Under Target Pension Arrangements in the Case of a Full or Partial Wind-up (Part 3000) – Memorandum
The final revisions to subsections 3260, 3330, 3510, 3530, 3540, 3570, and the addition of subsection 3580, of the Standards of Practice (SOP), which pertain to Part 3000 of the SOP, were approved by the Actuarial Standards Board (ASB) on […]
Standards of Practice – Pensions (Effective February 1, 2026) (redlined version)
These changes to the SOP are effective February 1, 2026. Early implementation is permitted.
Standards of Practice – Pensions (Effective February 1, 2026)
These changes to the SOP are effective February 1, 2026. Early implementation is permitted.
Economic Capital Modelling Survey Conducted in 2024
The Committee on Risk Management and Capital Requirements set up a working group that was assigned to assess the status of economic capital models/modelling within the Canadian market. Its mandate was to assess gaps and develop relevant guidance with respect […]
Valuation of Universal Life Insurance Contract Liabilities
The purpose of this educational note is to provide practical application guidance on topics relating to the IFRS 17 valuation of universal life (UL) insurance contract liabilities.
Selective Lapsation for Renewable Term Insurance Products
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to review methods used to take into account the impact on mortality of selective lapsation for renewable term insurance products. The 2025 review also considered the findings […]
IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
The purpose of this 2025 updated version is to expand the discussion about the selection of the illiquidity premium and the derivation of the illiquidity premium for CIA reference curves. In addition, the CIA illiquid reference curve parameters have been […]