News

The Demography Committee of the Society of Actuaries in Ireland (SAI) has co-written a paper with the Continuous Mortality Investigation (CMI) of the Institute and Faculty of Actuaries (IFoA). Working paper 141 explores ways of adapting the CMI Mortality Projection Model for Irish population data, areas to consider when doing so and the likely challenges of such work. The paper also considers the potential impact on life expectancy of adapting the Model to use Irish population data.

The paper considers two approaches:

The Demography Committee of the Society of Actuaries in Ireland is pleased to present the results of a study into the pensioner mortality experience of Irish self-administered pension schemes (SAPS). The last such study was commissioned in 2012.

Click here to read the study 

The Demography Committee of the Society of Actuaries in Ireland is pleased to present the results of the analytical review of methodologies in projecting best estimate mortality improvements for the Irish population. 

This paper summarises the analytical review performed by the Demography Committee in respect of a range of potential mortality improvement models in the context of best estimate, mortality improvement projections

 

The Society has today issued a press release on a major investigation into Irish death rates (Irish Insured Lives Mortality Investigation). Click here to read the full press release.

The Society has today issued a press release on Automatic Enrolment Retirement Savings System.  Click here to read the full press release.

The Society has submitted a response to the Consultation Document issued by the Department of Employment Affairs and Social Protection on: ‘A Strawman Public Consultation Process for an Automatic Enrolment Retirement Savings System for Ireland’.

You can read the Society’s response here.

The Society has submitted its response to the Consultation on Supplementary Pensions Reform: Roadmap for Pensions Reform 2018-2023 issued by the Interdepartmental Pensions Reform and Taxation Group. 

The response is attached below.

The Society has submitted a response to the Pensions Authority consultation document on the Regulation of defined contribution master trusts.

The response is available to read on our website here https://web.actuaries.ie/press/submissions

A paper prepared by the Pensions Committee, and reviewed by Council, which sets out the Society’s “Initial Views on the Government’s Roadmap for Pensions Reform 2018-2023” is available below.  This has been sent to the Minister for Finance, the Minister for Employment Affairs and Social Protection and the Pensions Regulator.

The 2017 edition of the OECD’s biennial report Pensions at a Glance has been published.  This sets out the pension reforms undertaken by OECD countries over the last two years; the only reform noted for Ireland is the termination of the pensions levy.

In November 2011, the Society published a Position Paper on the Taxation of Private Pension Provision.  This paper was intended as a contribution to the discussion on the proposal which had been made by Government at the time (as part of the National Recovery Plan) to reduce the rate of tax relief granted in respect of contributions to private pensions from the marginal rate to the standard rate of income tax.  The Society has recently reviewed this paper, following comments received from a member, and has decided that it would be appropriate to issue a supplementary note to clari