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CMI Working Paper 145

Working Paper 145: “All offices” experience of pension annuities in payment, 2016-2019.

Working Paper 145 was published in December 2020. The working paper describes the experience of pension annuities in payment over the period 2016 to 2019; the results are available in accompanying spreadsheets. Note: this paper and the spreadsheets are available to Authorised Users only.

There are summary spreadsheets for the 2016-2019 results, both without improvements, and with improvements from CMI_2019. In addition, there is a detailed spreadsheet for 2019 (without improvements). Detailed spreadsheets for individual years 2016 to 2018 are available alongside Working Paper 128; these have not been restated due to the high level of consistency between the data for those years described in each paper. Each spreadsheet has a notes page detailing its contents. The summary spreadsheet provides a high-level overview of the results but does not allow a user to choose an alternative base table or alternative categorisation of the results. Users wishing to see more granular results and data, and to alter the comparison basis, should refer to the detailed spreadsheet.

Three Excel spreadsheets are released alongside this paper:

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  • CILA 2022

    23 May 2022 - 24 May 2022

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    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.

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    In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.

    The Business of the AGM

  • The IFoA Conference 2022

    133 Houndsditch, London EC3A 7BX and Online
    22 June 2022 - 23 June 2022
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    We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.

     

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    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

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    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.