Publication archives
Exposure Draft – Revisions to the Practice-Specific Standards for Pension (Part 3000) (redlined)
The Actuarial Standards Board (ASB) has established three designated groups (DGs) to review the Standards of Practice, Part 3000. The review has been split amongst three DGs, each with a separate mandate: Mandate 1: Measurement of benefit security and fiduciary […]
Standards of Practice – Pensions (Effective February 1, 2022)
Standards of Practice (Effective February 1, 2022)
Final Standards – Revisions to Subsection 3540 of the Practice-Specific Standards for Pension Plans – Addressing Pension Commuted Values in Economic Environments where Bond Yields are Negative
Final Communication of Updated Promulgations of the Maximum Net Credit Spread, the Ultimate Reinvestment Rates, and the Calibration Criteria for Stochastic Risk-Free Interest Rates in the Standards of Practice for the Valuation of Insurance Contract Liabilities: Life and Health (Accident and Sickness) Insurance (Subsection 2330)
The ASB decided to promulgate the use of the economic parameters described below, to be effective October 15, 2021. Due to the impending adoption of IFRS 17 in 2023, the ASB does not anticipate an update to this promulgation prior to IFRS […]
Exposure Draft Regarding the Determination of Pension Commuted Values in Economic Environments where Bond Yields are Negative
This exposure draft (ED) proposes changes to Section 3500 of the Standards of Practice, which applies to the actuary’s advice on the computation of commuted values with respect to pension plans. Since January 2021, yields on Government of Canada (GoC) […]
Initial Communication of Updated Promulgations of the Maximum Net Credit Spread, the Ultimate Reinvestment Rates, and the Calibration Criteria for Stochastic Risk-Free Interest Rates in the Standards of Practice for the Valuation of Insurance Contract Liabilities: Life and Health (Accident and Sickness) Insurance (Subsection 2330)
The ASB proposes to promulgate the use of the economic parameters described below, to be effective October 15, 2021. Due to the impending adoption of IFRS 17 in 2023, the ASB does not anticipate an update to this promulgation prior […]
Second Revised Exposure Draft to Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice (red-lined)
This second revised exposure draft (ED) proposes changes to the general standards (Part 1000) and the practice-specific standards for insurance (Part 2000). The proposed changes align the SOP with the requirements of IFRS 17, and incorporate the guidance of ISAP […]
Second Revised Exposure Draft to Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice (clean)
This second revised exposure draft (ED) proposes changes to the general standards (Part 1000) and the practice-specific standards for insurance (Part 2000). The proposed changes align the SOP with the requirements of IFRS 17, and incorporate the guidance of ISAP […]