News

10 Jan 2012

European Congress of Actuaries

The Groupe Consultatif's first European Congress of Actuaries - ECA 2012 - will take place in Brussels on 7/8 June 2012. The theme is The Future European Actuary. This Congress aims to attract actuaries working in industry, consulting and academia, as well as other financial professionals, politicians and others interested in the future of risk management in Europe. The programme will include speakers from the European Parliament and Commission, supervisory authorities, rating agencies, and other fields.

30 Nov 2011

Dept of Social Protection note about upcoming DB changes

The Government has approved a number of changes to defined benefit (DB) pension provision to help ensure its sustainability, enhance the security of member benefits and increase equity between members of DB schemes. The note is now attached.

To read the Sociey's note about the same changes - please click here

30 Nov 2011

Pensions Board note about funding proposal deadlines

Note from Pensions Board about Funding Proposal Deadlines

17 Nov 2011

Society publishes Position Paper on Taxation of Private Pension Provision

The Society of Actuaries in Ireland has published a position paper on “Taxation of Private Pension Provision”.

The primary purpose of the paper is to examine the effect of reducing the tax relief on pension contributions made by individuals.

Individuals currently receive tax relief at their marginal income tax rate on pension contributions. The National Recovery Plan 2011-2014 proposes to change the tax relief from the individual’s marginal tax rate to the standard tax rate of 20% by 2014.

30 Sep 2011

Risk Management – A supervisor’s approach

Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority, delivered a speech entitled "Risk Management – A supervisor’s approach" at the SUERF (Société Universitaire Européenne de Recherches Financières) European Money and Finance Forum on the 22nd September 2011 in Helsinki.

23 Jun 2011

Second International Comparative Study of Mortality Tables for Pension Fund Retirees

A paper entitled a “Second International Comparative Study of Mortality Tables for Pension Fund Retirees” has been published by T.Z.Sithole (Kingston University), S.Haberman and R.J.Verrall (both Cass Business School, City University London).

22 Jun 2011

Groupe Consultatif publishes presentations from Summer School on ORSA

Presentations made at the Groupe Consultatif's recent Summer School on Testing and Disclosing Own Risk Models for Solvency Assessmentsare now available on the Groupe's website at http://www.gcactuaries.org/events.html.

19 May 2011

Dept of Social Protection invites tenders for pensions consultancy

As part of the National Pensions Framework implementation process, the Department of Social Protection intends to establish a panel of consultants, some of whom may be engaged from time to time during the implementation process.

In that regard, a Request for Tender has been published today, requesting applications from vendors who wish to be considered for entry to that panel.

11 May 2011

Society issues press release on Pension Fund Levy

The Government announced yesterday that “Jobs Initiative 2011” will be partly funded by a special levy on pension savings.

In a press release the Society of Actuaries in Ireland acknowledged the economic and fiscal challenges the country faces and the

need in particular to get more people back to work. However, any changes to pension policy can have far-reaching consequences,

so must be properly thought through.

10 Mar 2011

IAA Releases Note on Enterprise Risk Management for Pensions

IAA News Release:

The International Actuarial Association is pleased to announce the publication by its Pensions and Employee Benefits Committee of a Note on Enterprise Risk Management for Pensions.

01 Mar 2011

Society issues press release on Gender Directive ruling

The European Court of Justice (ECJ) has today ruled that Article 5(2) of the Gender Directive 2004/113/EC breaches European Union gender discrimination laws. Article 5(2) currently permits individual member states to differentiate between men and women when pricing insurance where statistical evidence shows gender is a determining risk factor. The ECJ has ruled that this derogation is invalid from 21st December 2012.

31 Jan 2011

Society responds to EIOPA consultation on Variable Annuities

The Society has responded to the EIOPA (formerly CEIOPS) consultation paper CP83, “Draft Report on Variable Annuities”.

We welcomed the Draft Report and expressed support for a substantial majority of the recommendations made in it.

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