Pensions and Retirement Training Course on Actuarial Fundamentals
Master Pensions Retirement Training with expert training. 10 Days course with certification. Comprehensive training program. Online & in-person. Enroll now!
Pensions And Retirement Courses10 DaysCertificate Included
Duration
10 Days
Mode
Online & Physical
Certificate
Included
Language
English
Course Overview
This course provides participants with a comprehensive understanding of actuarial principles and their application in pension and retirement planning. Participants will gain practical knowledge in calculating pension liabilities, analyzing risk, and applying actuarial techniques to support informed decision-making for defined benefit (DB) and defined contribution (DC) plans.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of the course, participants will be able to:
Understand the key actuarial concepts and terminology used in pension schemes.
Apply mortality, morbidity, and longevity assumptions to pension calculations.
Calculate pension plan liabilities and funding requirements.
Evaluate the financial impact of benefit design changes.
Understand discounting, present value calculations, and interest rate assumptions.
Assess risk and uncertainty in pension plan valuations.
Apply actuarial methods for both DB and DC plans.
Communicate actuarial findings effectively to trustees and stakeholders.
Course Content
Module 1: Introduction to Actuarial Science in Pensions Definition, scope, and importance of actuarial work in pensions Key actuarial terminology and concepts Role of actuaries in pension plan management Professional ethics, standards, and regulatory frameworks Overview of actuarial certification and professional bodies Case study: Impact of actuarial advice on pension decision-making Group discussion: Challenges in pension actuarial practice Module 2: Life Expectancy, Mortality, and Longevity Assumptions Mortality tables and life expectancy analysis Adjusting assumptions for demographic trends, gender, and socio-economic factors Longevity risk and its financial implications Mortality improvements and future projections Morbidity and disability considerations in pension liabilities Exercise: Calculating expected payouts using mortality and longevity tables Module 3: Pension Plan Types and Benefit Structures Detailed overview of Defined Benefit (DB) and Defined Contribution (DC) plans Actuarial considerations for hybrid plans Benefit formulas, accrual rates, vesting, and indexation Plan amendments and early retirement provisions Understanding survivor benefits and spousal considerations Workshop: Comparing actuarial liabilities across plan types Case study: Evaluating plan design changes Module 4: Present Value and Discounting Techniques Time value of money and interest rate fundamentals Present and future value calculations for pensions Selection of appropriate discount rates Impact of inflation, salary growth, and cost-of-living adjustments Sensitivity analysis of assumptions on pension liabilities Exercise: Discounted pension liability and projected benefit calculations Module 5: Actuarial Valuation of Pension Liabilities Steps in conducting a full actuarial valuation Methods: Projected Unit Credit, Aggregate, and Entry Age Normal Calculation of accrued liabilities and funding ratios Treatment of past service costs and plan amendments Evaluating deficit/surplus and its implications Case study: Preparing a sample valuation report Practical exercise: Liability calculation for DB and DC plans Module 6: Risk Assessment in Pension Schemes Identifying financial, demographic, operational, and regulatory risks Sensitivity analysis and scenario testing Longevity, market, and interest rate risks Asset-liability matching techniques Stress testing and stochastic modeling Exercise: Risk assessment of a hypothetical pension portfolio Discussion: Mitigation strategies for identified risks Module 7: Contribution Strategies and Funding Policies Employer and employee contribution design and sustainability Minimum funding requirements and regulatory compliance Impact of contribution strategies on plan solvency and participant benefits Funding policy options: pay-as-you-go, pre-funding, and hybrid approaches Managing surplus and deficit situations Workshop: Designing optimal contribution strategies Case study: Funding challenges and solutions Module 8: Actuarial Modeling and Forecasting Introduction to actuarial modeling software and tools Forecasting future liabilities and contributions under various assumptions Scenario analysis and Monte Carlo simulation Stochastic vs deterministic approaches in pension modeling Application of modeling for strategic decision-making Practical exercise: Building a simple actuarial model with assumptions Discussion: Limitations and interpretation of model results Module 9: Communication of Actuarial Findings Presenting complex actuarial information to non-technical stakeholders Writing clear and actionable actuarial reports Visualization tools for communicating risks and projections Regulatory reporting requirements and disclosures Trustee and board engagement strategies Exercise: Drafting a concise actuarial summary report Group discussion: Effective communication of valuation results Module 10: Case Studies and Practical Applications Review of real-world pension actuarial challenges Group simulation: Full actuarial valuation, risk assessment, and funding strategy Lessons learned from historical pension plan failures and successes Developing an actionable actuarial plan for a hypothetical pension fund Final review, Q&A, and certification Discussion: Emerging trends in actuarial science and pension management
Who Should Attend
Pension Actuaries, Pension Fund Managers, Risk Managers, Investment Analysts, Retirement Consultants, Trustees, HR and Compensation Specialists, Financial Analysts, Compliance Officers
