The National Insurance Commission has lamented the shortage of actuarial professionals in the country, just days after it mandated actuarial oversight for annuity businesses in the sector.NAICOM’s ...
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.
A typical firm’s exposure to redress liabilities in relation to defined benefit (DB) pension transfer advice is now likely to be below 5 per cent of the transfer value advised, First Actuarial’s new R ...
Redress liabilities in relation to defined benefit (DB) transfer advice are likely to be below 5% of the transfer value advised, according to First Actuarial analysis.