Good News & Bad News from FSRA
Goodbye 2022, Hello 2023: a brief review, and a look ahead
Revised Commuted Value Standard Delayed
Benefits Canada – High inflation supercharging decumulation challenges
Benefits Canada – Withdrawal of real return bonds could financially impact DB pension plans: CIA
Benefits Canada – New U.S. pension law strengthening retirement savings for workers
What people have to say?
Jason, Dean and team are absolutely amazing. They are knowledgeable, thorough, attentive and proactive.
We used Actuarial Solutions Inc. to assess which type of retirement benefit approach made sense following the amalgamation of two previous organizations who had different approaches to retirement benefits. Actuarial Solutions Inc. took a methodical and collaborative approach to the work, including surveying staff, management and the Board to develop the objectives of the new retirement benefits plan. After each phase of analysis, Jason presented his findings and recommendations and then we moved on to the next phase. With each analysis, we brought staff, management and the Board along and ensured we provided sufficient information and communications. The project took almost 2 years but was comprehensive and thorough. Jason also helped with negotiations with the regulator, discussions with the new pension plan provider and worked with legal counsel to review the documents that would govern the new plan. I loved working with Jason. He was thorough, responsive, always open to suggestions and worked seamlessly with me and the HEC team.
CNO has long worked with ASI and we have consistently benefitted from their superior attention to all aspects of service and exceptional level of knowledge. An area that stands out is ASI’s anticipatory approach – no matter the topic, options, contingencies and possibilities are explored and evaluated with great clarity. Actuarial considerations are not easy to understand – unless you are working with an ASI actuary!
Working with Actuarial Solutions was extremely valuable and has helped us immensely with all tasks associated with our pension plan. Through the process, we were able to develop a comprehensive and detailed understanding of all processes and developments related to our plan.
We switched from a multinational service provider to Actuarial Solutions Inc. The level of our service increased immediately and our fees are more reasonable. The ASI team does what they say and says what they do. The one thing that our management team has noticed is how responsive folks from ASI are to our requests. All services are provided on a timely basis and upon an agreed upon schedule. They are very proactive in planning the work to be done for our company and provide us with the appropriate guidance on a timely basis. For a bunch of actuaries, they are pretty fun people. You can see that they enjoy what they do and are very good at it.
Actuarial Solutions provides great service. They are professional, efficient, well organized and always meet their deliverable dates. I highly recommend their services.
I wanted to thank you and your team at Actuarial Solutions again for all your efforts on transitioning from our previous Actuary and preparing the comprehensive Actuarial Valuations for CGT’s OPEB and Pension Guarantee plans. Your professionalism, attention to detail and exceptional customer service is greatly appreciated by the team at CGT. I also wanted to personally thank you for taking the time to walk me through the valuation process in layman’s terms so that I am in a much better position to focus on how CGT may impact the cost to the Company of these plans, especially during our upcoming CLA negotiations.
Thanks again for presenting the results of the actuarial valuation to our Board – the Board was impressed with both the quality of your presentation and ability to convey information to them in a way they could easily comprehend and wanted to extend their appreciation to you.