Description: Description * This article summarizes Rev. Proc. 2018-54, in which the IRS provides for a new elective procedure that is intended to help segregated asset accounts and insurance-dedicated funds comply with the diversification requirements of Code section 817(h) with respect to investments in a new type of security known as a Uniform Mortgage-Backed Security.

Description: This paper discusses the calculation of minimum statutory non-forfeiture values for annuity contracts with stipulated annual payments under which contractual values are based on the 1937 Standard Annuity Table.

Description: The September 2014 Issue of the Financial Reporting Section's newsletter, The Financial Reporter

Description: Pension Risk Transfer involves two distinct disciplines of the actuarial profession. To date, understanding the other side of PRT has been limited. This session will attempt to clarify the mechanics of the other side of PRT and explain how an actuarial model consolidating the two separate sides can be built.

Description: This session is open to all, but targeted to pension actuaries looking to understand the mechanics of how PRT is priced by life insurance actuaries, as well as life insurance actuaries who wish to understand how the stream of expected benefit payments and Accrued Benefits Obligation is calculated by Retirement Actuaries. Pension Risk Transfer involves two distinct disciplines of the actuarial profession. To date, understanding the other side of Pension Risk Transfer has been limited. This session will attempt to clarify the mechanics of the other side of PRT and explain how an actuarial model consolidating the two separate sides can be built. Panelists will include a retirement consulting actuary who helps retirement plan sponsors bring their pension plans to market to purchase PRT, as well as an experienced life insurer who works to price PRT.

Description: Learn industry best practices including challenges faced by retirees, such as needing exposure to growth, most exposed to sequencing risk, and the need for smooth returns to avoid poor investor behavior caused by risk aversion. Other topics will include how to set investment objectives which consider the members’ real-world needs and how to build portfolios and implement risk management strategies to meet those objectives. The speaker will provide real-life examples/case studies.

Description: How might retirement income strategies be designed, and their suitability assessed, when retirees may differ substantially in their objectives, preferences and personal circumstances? This webcast provides a wide-ranging overview of the key elements involved in formulating retirement strategies, drawing on the “Primer on Retirement Income Strategy Design and Evaluation” that was recently released by the SOA. It will cover three types of income objective – income floor, income target and income optimization – and how they imply different retirement strategies along with a different set of metrics to evaluate outcomes. It will also touch on: key member attributes to account for; the nature of income risk; approaches to investing and drawing down on available assets to generate income; and how stochastic modelling can support the analysis. This webcast should deliver something of interest for all attendees, regardless of prior familiarity with strategies for retirement.