The Retirement Income Interest Group (RIIG) has updated its 2017 work on rules of thumb for decumulating retirement savings in a short paper.  This update investigates how the income profiles under the four rules of thumb previously tested now look based on lower investment return expectations and improved mortality.  It also suggests how retirees might Read more…

I hope you are all well and managing to maintain some sense of normality in your “bubbles”. Further to my email last week there has been an update on the exam situation from the Actuaries Institute.  In brief the message is:  The Institute have had to make the decision to defer the Fellowship and Part III April Read more…

Increasing longevity means Kiwis need to rethink how long we might live in retirement, and do more and better planning about how to ensure our retirement savings go the distance. That’s the message from the Retirement Income Interest Group of the New Zealand Society of Actuaries, which today published its submission to the 2019 Review Read more…

At the recent Winter Dinner the 2019 NZSA Award winners and the recipient of the Richard Bruynel Research Award were announced. NZSA Awards The NZSA Awards recognise the service and contribution of members to the profession. The NZSA Awards broadly follow set criteria, as follows: Gold award Recognises an individual who through their volunteer activities, Read more…

After much anticipation, the 2018 NZSA Conference kicked off on Sunday 28 October with 150 delegates landing in stunning Queenstown to beautiful sunshine and a relaxed opening reception at Rydges hotel.  Following drinks, canapes and a first networking opportunity, delegates were encouraged to group up and take the opportunity to explore and sample some of Read more…

To help keep members up to date with international activities, in particular the International Actuarial Association (IAA), here’s a summary of some current initiatives, including Personalised Medicine and Genomics, IFRS17, Long-Term Care and an update on the IAA education syllabus. Personalised Medicine and Genomics A paper on the Impact of Personalised Medicine and Genomics on Read more...

On February 20th, the council and committee convenors gathered to reaffirm the strategy for the NZSA and to set goals for the 2017 year. This built on the work out of the strategy day held in 2016 where key actions and initiatives for council and committees were identified and a dashboard established to enable tracking Read more…

In 2016 the Events Committee was involved in the delivery of 13 events to members. We are using your feedback in the Members survey to shape the events which will be taking place in 2017, and so wanted to share some of the results with you. Interest areas Our conclusion – it’s not really surprising Read more…

ONZL was appointed as the Society's Secretariat provider in 2013 following the retirement of our long-standing part time secretary. At that time Council considered a number of options, including a like-for-like replacement, outsourcing to a professional secretariat provider, and sharing the administration services of another professional association. The professional secretariat provider was the clear preference, Read more...

This Professional Standard 90: General Actuarial Practice (PS90) is intended to be the New Zealand Society of Actuaries’ (NZSA) adaptation of International Standard of Actuarial Practice 1: General Actuarial Practice (“ISAP 1”) as approved by the International Actuarial Association (“IAA”) Council on 18 November 2012 and reformatted in October 2013. The intention of ISAP 1 Read more…