With yields hitting historical lows, the emergence of negative interest rates has become a more real possibility. In this episode, economist Jake Meyer, PhD, provides insight into how North American financial markets could be affected by negative yields. Marshall Posner, FCIA, also joins the podcast to look at the potential impact on pension practice and the computation of commuted values.
Consensus on the potential impact of population aging on asset values varies from the benign to the extreme. Despite little consensus, the effect of population aging on investment returns remains a hot button topic within academic literature.
Pension stakeholders, including the CIA, have had concerns about the lack of harmonized regulatory processes across Canada for many years. Canada has moved to a new funding regime for defined benefit (DB) pension plans aimed at strengthening the going concern funding requirement through the addition of a funding margin, known as the provision for adverse deviations, or PfAD. Jurisdictions across...
In a newly published CIA factsheet, we delve deeper into pension commuted values.
Claude Castonguay, actuary and visionary, passed away on December 12 at the age of 91. Castonguay was one of the most prominent members of the Canadian actuarial profession. We remember him here.
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