CMI Working Paper 136 was published in September 2020. It covers the final “IP11” Series claim inception and termination rates based on CMI income protection experience in the period 2007-2016. The working paper:
• Contains an overview of the final “IP11” Series rates;
• Summarises feedback on the proposed rates, issued for consultation in Working Paper 131 and the Committee’s responses to this feedback; and
• Discusses future work.
A spreadsheet of “IP11” claim inception rates is available alongside this paper. This replaces the spreadsheet of claim inception and sample termination rates made available alongside Working Paper 131.
More accurate “IP11” claim termination rates can be derived using the latest version of the CMI IP Rate Table Tool, which incorporates the “IP11” rates.
Note: the working paper is available to Authorised Users only.
A briefing note on the final “IP11” claim inception and termination rates has also been issued and is publicly available alongside this paper. It provides an overview of the rates and is aimed at those receiving advice based on the tables, such as Non-Executive Directors.
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Pensions: Actuarial Factors used to Calculate Benefits in UK Pension Schemes
Webinar28 January 2021The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
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India Town Hall
Webinar28 January 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann.
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26 February 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.
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MENAP Town Hall
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