As actuaries continue to understand the implications of climate change on their practices, it can be useful to see the work that others have done. Recently, the Office of the Chief Actuary completed an exercise that modelled different climate scenarios within the Canada Pension Plan’s projections. Joining us to discuss this work and other climate-related topics is FCIA Assia Billig, Chief Actuary...
The 2019 Canadian federal budget introduced the concept of variable payment life annuities, or VPLAs, a mechanism by which pension plans could pool longevity and investment risks. To better understand how to design these types of plans, the CIA and the Society of Actuaries co-sponsored a research project to investigate the different elements of these arrangements. In this episode, FCIAs Jean...
The next generation of older workers will behave differently. We need to discuss how to change the parameters of retirement to adapt to these changes.
In France, the age of retirement was set at 65 despite less than 10% of the population living to that age. Disability benefits were not provided for.
A recent poll commissioned by the Financial Services Regulatory Authority of Ontario(FSRA) found that 88% of respondents feel more needs to be done to encourage people to save for retirement, while 60% feel there is not enough public information available about pensions.
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