Accession #: 220152


Publication Date:
November 03, 2020
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
Other Details:
7 pages.
Actuarial Guidance Council
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 appropriate for non-indexed annuities, while no revision to its previous guidance for annuities fully indexed to the rate of change in the Consumer Price Index (CPI) is warranted for valuations with effective dates on or after September 30, 2020 (but no later than December 30, 2020).