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 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 Actuarial Association of Europe represents actuarial associations across Europe.  It currently has 36 member associations in 35 European countries, representing over 22,000 actuaries. 

AAE publications on topics relating to insurance, pensions and investment and financial risk can be accessed here.

Recent publications include:

The Demography Committee has prepared a report and recommendations following a review of the mortality assumptions used in converting a retirement fund into an annuity as prescribed in the following Actuarial Standards of Practice:

Today, the Minister for Social Protection, Joan Burton T.D. launched The Pensions Board Annual Report and Accounts 2012. At the launch, The Pensions Board highlighted its ongoing investigations into pensions contributions deducted by employers but not passed on to pension schemes, as well as the challenges for defined benefit schemes and concerns about the governance of Ireland’s €70 billion pensions sector.

In its report on "Design and Delivery of Defined Contribution (DC) Pension Schemes - Policy Challenges and Recommendations", the OECD summarises the challenges policymakers face and recommends key improvements that can help to ensure DC delivers the incomes that individuals need.