Towers Watson released its 30th annual Canadian Survey of Economic Expectations and the results predict a low interest rate environment to continue—to the detriment of pension plan funding. But, there will be lots of action on other fronts in the pension industry. The survey is based on data gathered from mid-November to early December 2010 […]
During late 2008 and early 2009, the Actuarial Standards Board promulgated several changes to the Standards of Practice for Pension Plans (SPPP) applicable for any pension commuted value (CV) calculation with an effective date after April 1, 2009. However, two elements of the targeted changes were not implemented at that date, primarily to allow plan […]
The actuarial standards applicable to virtually all defined benefit (DB) pension plans in Canada are undergoing two distinct changes in 2011. These updates will affect how actuaries determine the assumptions, apply actuarial methods and prepare their reports for all funding actuarial valuations effective Dec. 31, 2010. Changes to actuarial valuation standards The new Standards of […]