What is a defined benefit pension and actuarial requirements
Defined benefit & market-linked pensions
Defined benefit pensions require an actuary’s statement of adequacy opinion each year. This opinion will state whether, in the actuary’s opinion, there are sufficient assets on an ‘average’ Best Estimate basis (50% probability) backing the defined benefit pension to meet all future liabilities. The actuary will also issue a ‘High Probability’ adequacy opinion for Centrelink purposes....
Log in to access your personalised account, training sessions, CPD certificates, exclusive content and much more.
Please note: Your actuarial certificate login will not work in the Education portal.
Sign up
Sign up for free and unlock exclusive content and insightful articles.
The information for this education service has been prepared by Accurium Pty Ltd ABN 13 009 492 219 (Accurium) and is protected by copyright under the Copyright Act 1968 (Cth). Only the person purchasing access to this service may access the content and such person must not disclose or distribute information contained in the service without the written permission of Accurium. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional person(s) accessing the service may be held liable for additional fees associated with accessing this service. Accurium reserve the right to charge any unauthorised person(s) who access this education service without purchase. For further information about the terms of our services, please refer to the General Terms and Conditions.
