New research by the Canadian Institute of Actuaries reveals that low reserve fund contributions will likely lead to overwhelming annual increases and require lump-sum payments from owners to cover shortfalls, and could potentially lead to the loss of homes, especially in the context of rising interest rates.
Actuaries are experts in financial risk management, a constantly changing field that must be well regulated to protect the Canadian public. We have a duty to share our knowledge with decision makers. By taking a frequent stand on relevant topics, we also make our voices heard and engage in essential discussions for society.
Ottawa, November 30, 2020 – The Canadian Institute of Actuaries (CIA) supports Canada’s eight largest pension funds in their call for companies to undertake consistent and improved disclosure of environmental, social, and governance (ESG) factors according to the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. Improved ESG disclosure will...
In this article, Mary Stock and Trudy Engel discuss a few key considerations that relate to the economic assumption setting process in these unprecedented times and will highlight a few CIA documents that may be worth reviewing.