Longevity annuities can be a useful tool in retirement planning. In line with this, the 2019 federal budget allowed for the purchase of advanced life deferred annuities (ALDAs). A recently completed CIA research paper takes a closer look at longevity annuities and how they fit in with Canada’s tax rules and retirement system. In this episode, we speak to Rui Zhou, ACIA, one of the paper’s authors...
Changes to commuted value standards
On December 1, 2020, the rules governing the calculation of pension commuted values will change. Gavin Benjamin, FCIA, joins us to discuss the upcoming changes, the reasons behind the revised rules, and how they could affect pension plan members. Read the revised standards A French version of this episode is also available. Chris: Welcome to a special edition of Seeing Beyond Risk from the...
New report finds that more Canadians should delay CPP payments
Ottawa, July 29, 2020 – A new report by the Canadian Institute of Actuaries (CIA) and the Society of Actuaries investigates the financial considerations of delaying Canada Pension Plan (CPP) payments and looks at the risks and opportunities associated with this delay. The CPP Take-Up Decision, authored by Bonnie-Jeanne MacDonald, FCIA, aims to better inform the decisions of Canadians for whom...
Applying ERM to long-term care in Canada
On the seas with Richard Gauthier
Have you ever dreamed of spending your retirement sailing the world? If you have, then CIA member Richard Gauthier is living your dream. Richard joins us on this episode to share his adventures as he transitioned from being a working actuary to a full-time recreational sailor, and to provide some tips for any of you looking to do the same.