Pensions and Retirement Training Course on Advanced Actuarial Topics in Pensions
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 intensive program delves into complex actuarial methodologies and advanced quantitative tools used in pension valuation, risk assessment, and strategic decision-making. Participants will explore stochastic modelling, mortality improvement projections, solvency testing, sensitivity analysis, and regulatory frameworks, gaining practical experience in applying these techniques to real-world pension schemes. The course bridges theory and practice, equipping professionals with skills to navigate modern pension challenges with precision and confidence.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of this course, participants will be able to:
Apply advanced actuarial models for pension liability valuation and funding analysis.
Incorporate stochastic and scenario-based approaches to assess pension risks.
Evaluate the impact of demographic and economic assumptions on pension outcomes.
Understand actuarial standards, ethics, and regulatory requirements in pensions.
Perform sensitivity, stress, and solvency analyses using actuarial tools.
Communicate actuarial findings effectively to trustees, regulators, and stakeholders.
Integrate modern actuarial analytics with investment and funding strategies.
Course Content
Module 1: Advanced Pension Mathematics and Modelling Concepts Review of fundamental actuarial principles and notations Advanced time value of money and discounting techniques Complex annuity and life contingent valuation formulas Multivariate models for pension liabilities Discussion: Modern actuarial trends in pension analysis Module 2: Advanced Mortality and Longevity Modelling Stochastic mortality models (Lee-Carter, Cairns-Blake-Dowd, CBD models) Mortality improvement scales and trend projections Calibration and validation of mortality models Longevity risk decomposition and impact on pension liabilities Exercise: Building and testing a stochastic mortality projection Module 3: Stochastic Modelling for Pension Risks Incorporating randomness in investment returns, salary growth, and inflation Monte Carlo simulations for pension outcomes Correlation and dependency structures among risk factors Scenario-based ALM (Asset-Liability Management) analysis Practical session: Running a stochastic pension funding model Module 4: Advanced Valuation Techniques and Liability Measurement Present value calculations under varying assumptions Projected Unit Credit (PUC) vs. Entry Age Normal (EAN) methods Discount rate sensitivity and duration analysis Liability-driven investment (LDI) implications Case study: Comparing funding results under alternative valuation bases Module 5: Pension Funding Dynamics and Risk Adjusted Contributions Funding ratio analysis and surplus volatility Designing contribution policies under uncertainty Risk-sharing mechanisms between sponsors and members Application of smoothing techniques in actuarial valuations Group exercise: Developing a dynamic contribution adjustment model Module 6: Solvency, Stress Testing, and Capital Adequacy Solvency metrics for Defined Benefit plans Integrating actuarial valuations with regulatory capital requirements Climate, demographic, and market stress testing for pension solvency Sensitivity testing and scenario interpretation Practical simulation: Conducting solvency stress tests for a sample plan Module 7: Advanced Assumption Setting and Experience Analysis Statistical credibility theory in assumption development Mortality, withdrawal, and retirement experience studies Economic assumption setting: inflation, yield curves, and wage growth Behavioral economics and member decision assumptions Workshop: Designing an assumption review framework for a pension fund Module 8: Pension Accounting, Financial Reporting, and Disclosures IFRS and IPSAS requirements for actuarial valuations Reconciliation of funding and accounting valuations Pension expense components and sensitivity disclosures Impact of assumption changes on financial statements Case study: Actuarial valuation for a corporate balance sheet Module 9: Governance, Ethics, and Professional Standards in Actuarial Practice Overview of actuarial codes of conduct and professional responsibilities Managing conflicts of interest and ensuring transparency Governance of actuarial processes within pension funds Communication standards and report writing for actuaries Discussion: Ethical dilemmas in actuarial practice Module 10: Integrated Pension Risk Management and Strategic Applications Linking actuarial insights with investment and funding decisions Scenario planning for demographic and economic shocks Long-term sustainability and intergenerational equity Advanced communication of results to stakeholders and trustees Capstone workshop: End-to-end actuarial analysis of a pension plan
Who Should Attend
Actuaries, Pension Fund Analysts, Risk Managers, Financial Modellers, Investment Strategists, Regulators, and Senior Pension Administrators.
