Description: Editorial on the importance of the Actuarial Standards Board ASB to the profession. 'The ASB keeps the profession on track by establishing standards of practice that allow actuaries to act professionally, with integrity, and in the public's interest. Standards give the profession one set of rules and present a unified front to the public.' From The Actuary, September 1994, Volume 28, No. 7.

Description: This presentation is an open forum from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The speakers, members of the Pension Committee of the Actuarial Standards Board [ASB], present an update on the ASB’s exposure drafts of actuarial standards of practice intended to provide detailed guidance on setting economic assumptions for pension plans. The session is concerned with selecting actuarial assumptions, specifically economic assumptions, for measuring pension obligations. The speakers note that in addition to providing guidance to actuaries, the standards are designed to help users of our work product understand what actuaries consider in determining their assumptions. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.