Actuarial Retirement Services



Actuarial valuations

  • PAS 19 / IAS 19 / FAS 87 valuations
    • Tier 1 : Standard valuation
    • Tier 2 : Tier 1 + sensitivity analyses on the effects of key actuarial assumptions

  • Funding Valuation.
    • Tier 1: Standard valuation; shows the recommended contribution for the year.
    • Tier 2: Tier 1 + sensitivity analyses on the effects of key actuarial assumptions
    • Tier 3: Tier 2 + projections on contributions and actuarial values until 100% funding ratio is reached.

    • Plan Design

    • Assistance in drafting the retirement plan and incorporating best practices
    • Assistance in obtaining BIR tax-approval for retirement plans

    Seminars

    • Retirement design and set-up
    • PAS19 valuation and compliance

    Asset Liability Management Studies

    • Recommends a strategic asset allocation in relation to contingent liability cash flows.
    • Simulation of liabilities and assets values using economic scenario generators.

    Provident Fund (Defined Contribution) Administration

    • Provides checks on data and computation of Company's HR and Bank details
    • Allocation of fund is performed by using units similar to UITFs and mutual funds and not like a deposit savings account.
    • Periodic reporting of member's fund account.
    • Periodic reporting of fund movement and adjusted balance sheet.