1 / 30

Kent County Council Pension Fund

Kent County Council Pension Fund. 2013 Actuarial Valuation. graeme.muir@bwllp.co.uk r oisin.mcgee@bwllp.co.uk. Agenda. What is an Actuary?. Crystal ball gazer?. What is an Actuary?. Thinking mans bookmaker?. What is an Actuary?. Mathematical wizard?. What is an Actuary?.

elata
Télécharger la présentation

Kent County Council Pension Fund

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Kent County Council Pension Fund 2013 Actuarial Valuation graeme.muir@bwllp.co.uk roisin.mcgee@bwllp.co.uk

  2. Agenda

  3. What is an Actuary? • Crystal ball gazer?

  4. What is an Actuary? • Thinking mans bookmaker?

  5. What is an Actuary? • Mathematical wizard?

  6. What is an Actuary? • Accountant with a personality?

  7. What is an Actuary?

  8. Why do we need an actuary ?

  9. Costing the pension promise

  10. How do we do valuations?

  11. Purpose of valuations

  12. Triennial Funding Valuation

  13. Annual Accounting Valuations

  14. How do we do it? Total cashflows – around £17bn

  15. How do we do it?

  16. Assumptions

  17. Discount Rates

  18. Discount Rates

  19. Financial Assumptions - Summary Property returns 75% of equity return and 25% of gilt return

  20. Statistical Assumptions

  21. Valuation Results

  22. Assets and Fund Accounts

  23. Intervaluation Experience

  24. Valuation Results – Whole Fund

  25. Next Steps

  26. Managing Your Deficit

  27. 20 Year Recovery Period - £100m of deficit Total Deficit Contributions - £183m

  28. 10 Year Recovery Period - £100m of deficit Total Deficit Contributions - £140m

  29. 30 Year Recovery Period - £100m of deficit £110m Total Deficit Contributions - £249m

  30. Any questions?

More Related