12:00 - 1:30 p.m. ET
Interest rates have been declining for a quarter of a century and are now at their lowest levels in Canadian history. While there may be fundamental reasons to believe that nominal interest rates cannot fall far below zero, there is no reason to expect that rates will recover quickly, or that we will ever again see the double-digit rates of the 1980s and 1990s. Actuaries and pension plan sponsors must give serious consideration to the prospect of low interest rates for the remaining lifetime of the current workforce. This does not simply mean that saving for retirement will be more expensive. It requires reconsideration of fundamental choices around reliance on funded pension plans, tax deferral strategies, and plan design. Attend this session to hear experts challenge your basic beliefs about the future. There will be time for audience questions and discussion.
Malcolm P. Hamilton, FSA, FCIA; Douglas P. Chandler, FSA, FCIA; Faisal Siddiqi, FSA, FCIA