News

Issue four of the Institute and Faculty of Actuaries Longevity Bulletin explores the data that evidences that we are all living longer but questions how healthy we are during those extra years.

From Philip Scott, President of the Institute and Faculty:

"In the past longer life was generally driven by better health. However data collected over the last twenty years highlights that life expectancy and healthy life expectancy are not one and the same.

The Groupe Consultatif Actuariel Européen has published a paper on Market Consistency.  The paper summarises the key principles underlying market consistent valuations of assets and liabilities.  Its underlying aim is to help actuaries and others best interpret the concept of market consistency in contexts where several possible valuation approaches are or might be proposed.

The Society of Actuaries in Ireland is pleased to publish the attached report on “Analysis of Fiscal Incentives for Retirement Savings – models and redistributive effects”. 

PRESS RELEASE

The Pensions Board has revised the timeframe for defined benefit schemes with funding deficits to submit funding proposals to the Board. This follows consideration of representations made to The Pensions Board by a number of parties, including the Society of Actuaries in Ireland.

The Society of Actuaries in Ireland has today issued a Press Release in response to the Pensions Board funding rules for defined benefit pension scheme.

The Continuous Mortality Investigation (CMI) carries out research into mortality and morbidity experience, based on data supplied by UK life assurance companies and actuarial consultancies. 

The CMI has published Working Paper 62, which presents a preliminary analysis of the mortality experience under large self-administered pension schemes for the period 2003 to 2010.

Further information  

From a press release issued by the Groupe Consultatif: 
 
"EU Public Hearing of IORPs: Groupe Consultatif dismisses pensions comparable to insurance