Publication archives

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2022, and Applicable to Valuations with Effective Dates on or after June 30, 2022, and no later than December 30, 2022

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at June 30, 2022, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2022, and Applicable to Valuations with Effective Dates on or after March 31, 2022, and no later than December 30, 2022

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at March 31, 2022, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective December 31, 2021, and Applicable to Valuations with Effective Dates on or after December 31, 2021, and no later than December 30, 2022

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at December 31, 2021, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2021, and Applicable to Valuations with Effective Dates on or after September 30, 2021, and no later than December 30, 2021

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at September 30, 2021, and recommended to the AGC assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after September 30, 2021 […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2021, and Applicable to Valuations with Effective Dates on or after June 30, 2021, and no later than December 30, 2021

Balancing the need for rapid publication of guidance and completeness in documenting its development, effective June 30, 2021, the process for releasing guidance regarding assumptions for hypothetical wind-up and solvency valuations is changing as follows: • A quarterly educational note […]

Revised Educational Note Supplement: Calibration of Stochastic Risk-Free Interest Rate Models for Use in CALM Valuation (2021)

The Committee on Life Insurance Financial Reporting (CLIFR) and the Actuarial Guidance Council (AGC) have been committed to closely monitoring the continued appropriateness of calibration criteria for stochastic risk-free interest rate models guidance. Due to the persistent low interest rate […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2021, and Applicable to Valuations with Effective Dates on or after March 31, 2021 and no later than December 30, 2021

The Committee on Pension Plan Financial Reporting (PPFRC) issues this supplement to provide members with additional information and details on the analysis done for guidance issued for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2021, […]

Draft Revised Educational Note Supplement: Calibration of Stochastic Risk-Free Interest Rate Models for Use in CALM Valuation (2021)

The focus of this draft revised educational note supplement is on the development of calibration criteria for calibrating stochastic risk-free interest rate models used in the production of risk-free interest rate scenarios for the Canadian Asset Liability Method (CALM) valuation […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2020, and Applicable to Valuations with Effective Dates Between September 30, 2020 and December 30, 2020

The Committee on Pension Plan Financial Reporting (PPFRC) conducted its quarter-end review of group annuity pricing conditions as at September 30, 2020. It determined that a revision to its previous guidance regarding assumptions for hypothetical wind-up and solvency valuations is […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2020, and Applicable to Valuations with Effective Dates Between June 30, 2020 and December 30, 2020

The Committee on Pension Plan Financial Reporting (PPFRC) conducted its quarter-end review of group annuity pricing conditions as at June 30, 2020. It determined that a revision to its previous guidance regarding assumptions for hypothetical wind-up and solvency valuations is […]