Joseph Nunes, FCIA and co-author of the CIA’s recent insight statement, Protecting Pensioners of Traditional Defined Benefit Plans: A New Approach to Solvency Funding and Benefit Reductions on Plan Wind-up, joins us to provide an overview of the paper and the discussion it has generated.
In Canada, pension promises made to employees by employers are not guaranteed by insurance contracts. What happens when an employer goes out of business and a pension plan becomes wound up? Scenarios like this often run the risk that the assets set aside to deliver the promised pensions may not be sufficient. The question begs: Is there is a better approach to addressing underfunded pension plans...
More and more pension plan participants are entering the decumulation phase of their lives, with a significant proportion of their retirement assets in a DC plan or savings plan such as an RRSP. Is there a way they can continue to reap the benefits of pooling assets for this second phase of their financial life? Some DC plan sponsors are currently addressing the issue and considering adopting...
Real estate has been a long-standing asset class, presenting its own unique opportunities and challenges when used in insurance and pension settings. Caroline Grandoit, ACIA, returns to discuss real estate investments, how they can be used in portfolio construction, and what has changed for this asset class as a result of the recent pandemic.
Longevity risk is the danger that we outlive our retirement savings. This involves the ensuing challenge to maintain the standard of living that we are accustomed to or afford the ever-increasing health care and retirement housing costs. Can actuaries help the public avoid this issue?
Canadian Institute of Actuaries
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Ottawa, Ontario K1R 7X7
SeeingBeyondRisk@cia-ica.ca