Description: Provides in-depth discussion of IRS Rev. Proc. 2008-24, including tax background of partial annuity exchanges. Then discusses partial annuitizations and “modified endowment contracts.”

Description: Feature article discussing the latest changes to International Financial Reporting Standards (IFRS) by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).

Description: Read about the SOA’s 2018 Workable Innovations for Living Longer (WILL) Contest Official Rules.

Description: Many retirement actuaries have experience developing, implementing, and monitoring Liability Driven Investing (LDI) strategies for plan sponsors. These strategies typically involve modifying a plan’s investment strategy to remove a significant portion of the investment and interest rate risk now or at some point in the future when specific triggers are met. The tactics often involve the use of fixed income assets to cash flow and/or duration match the liabilities. In the spirit of helping actuaries expand their roles in an evolving defined contribution world, this article explores the application of LDI and derisking strategies within defined contribution and individual retirement accounts. The economic theory behind this approach is called the lifecycle hypothesis, or lifecycle finance. The benefits of the lifecycle finance method are that it provides a safe approach to save for retirement and a secure source of floor income during retirement. Similar to pension plans, each individual has his or her own idiosyncratic needs, wants, and risks that should be considered. Actuaries are uniquely situated to help defined contribution plan sponsors, individuals, and even themselves implement the lifecycle finance approach by developing and distributing tools and methods that focus on income (rather than wealth), LDI strategies, and personalization.

Description: Discussion of how to measure actual to expected mortality experience in the life settlement market.

Description: Interview with a global leader in life reinsurance. Includes background, thoughts on industry's challenges, trends, opportunities and thought re: leadership

Description: Article from The Actuary magazine, March 1983, volume no. 17, issue no. 3, that discusses the response of the Education and Examination Committee to Professor Batten's challenge in the wisdom of current trends in the Society's educational program, stating that these syllabus changes should be considered evolutionary rather than revolutionary.

Description: Discusses the direction for actuarial research in the areas of experience studies, theory, and practice.

Description: The author notes that in the June, 1977 issue of The Actuary, he reported on a change in direction of the Society's Minority Recruiting Program: the discontinuance of the Lincoln University Summer Institute and the formation of a new expanded actuarial scholarship program. The current article is a report on the scholarship awards granted for the school year beginning in the Fall of 1977.

Description: The author comments on the article Exposure Formulas Based on the Assumption of Uniform Distribution of Deaths written by T.N.E. Greville.