1 Oct 2019 The Government Actuary has outlined that the personal injury discount rate in Scotland should remain unchanged at -0.75%. The decision  Another proposal, which was not indorsed by the Lord Chancellor, was the Government Actuary's position on 'dual rates'. Our readers will be familiar with Jersey's 

28 Jan 2019 Government Actuary Department's Report, on which Jersey's statutory discount rate Actuary's Department report in setting the discount rate. 3 Jun 2019 Actuaries: Different discount rates for pension funds and insurers and government bonds, assumed returns of 5% and the AAA forward rate,  This Information Note is intended to assist actuaries undertaking a valuation 6.1.2 Typically, government bond rates may be appropriate discount rates for the. 1 May 2018 From 20 March 2017, the discount rate applied when calculating comprising four independent experts and the Government Actuary, to be set  History of discount rates used in pension liabilities Historically, pension actuaries have been Government changed discount rate in 2004, while re-.

10 Feb 2020 The Government Actuary prepares a report on the actuarial valuation of the The 'discount rate' used in the calculation can have a significant 

This Information Note is intended to assist actuaries undertaking a valuation 6.1.2 Typically, government bond rates may be appropriate discount rates for the. 1 May 2018 From 20 March 2017, the discount rate applied when calculating comprising four independent experts and the Government Actuary, to be set  History of discount rates used in pension liabilities Historically, pension actuaries have been Government changed discount rate in 2004, while re-. 3 Oct 2018 However, the Government Accounting Standards Board (GASB) issued accounting and actuarial guidance effective 2015 that still permits an 

3 Oct 2018 However, the Government Accounting Standards Board (GASB) issued accounting and actuarial guidance effective 2015 that still permits an 

3 Jun 2019 Actuaries: Different discount rates for pension funds and insurers and government bonds, assumed returns of 5% and the AAA forward rate,  This Information Note is intended to assist actuaries undertaking a valuation 6.1.2 Typically, government bond rates may be appropriate discount rates for the. 1 May 2018 From 20 March 2017, the discount rate applied when calculating comprising four independent experts and the Government Actuary, to be set  History of discount rates used in pension liabilities Historically, pension actuaries have been Government changed discount rate in 2004, while re-. 3 Oct 2018 However, the Government Accounting Standards Board (GASB) issued accounting and actuarial guidance effective 2015 that still permits an 

5 Aug 2019 The UK Government Actuary's Department will be required to recommend a new Scottish Discount Rate and present its recommendations to 

Discount rate, as with all other actuarial assumptions, remains the responsibility of the Board of the reporting enterprise. It is their responsibility to ensure that they have done enough to ensure the actuarial assumptions were set correctly with due attention to the work done by the actuary. The bill also establishes a regular review of the rate, the first of which will be within 90 days of the legislation coming into force, and at least once every three years after that. In addition, an independent expert panel chaired by the Government Actuary will be formed to advise the Lord Chancellor on the setting of the rate. The chart below presents the comparison of government bond yields of various terms as on 31 March 2017 and 28 March 2018 (last trading day in before 31 March 2018). This information can be used to determine the discount rate to be used for actuarial valuation as per AS15, IAS19, Ind AS 19 and US GAAP. Setting the discount rate for actuarial valuation correctly is often not very well understood by the reporting companies. This post summarizes some of the most common questions our clients and their auditors ask about choosing the right discount rate. For a complete overview about setting the discount rate, please refer to this post. Setting the Personal Injury Discount Rate - Government Actuary's advice to the Lord Chancellor PDF , 2.56MB , 77 pages This file may not be suitable for users of assistive technology. Government Actuary's Department The Government Actuary has published his determination of the Personal Injury Discount Rate in Scotland, following completion of his review on 27 September 2019. The

19 Jul 2017 Personal Injury Discount Rate ('PI discount rate') is set, the Ministry of Justice (' MoJ') has asked the Government Actuary's Department ('GAD') 

6 Sep 2018 Title: The Government Actuary's Department "Personal Injury Discount Rate Analysis" for the Scottish Government 5 September 2018. 9 Aug 2019 setting the new personal injury discount rate at -0.25%, the advice of the Government Actuary and the Ministry of Justice Impact Assessment. 30 Sep 2019 sheet date on government bonds. Para 83 of Ind AS19 reads as under: “The rate used to discount post-employment benefit obligations (both  10 Feb 2020 The Government Actuary prepares a report on the actuarial valuation of the The 'discount rate' used in the calculation can have a significant  19 Mar 2019 The Government Actuary's Department has until 7 April 2019 to commence its consultation and it must report to the Lord Chancellor by 26 June  The Society of Actuaries makes no representation or warranty to the accuracy of the Pension funding for defined benefit plans is required by government as a payment required discount rate by pension regulators for determining adequate  5 Aug 2019 The personal injury discount rate will be set at minus 0.25% from 5 August been set under the new framework with the government actuaries.

23 Jul 2019 A single rate to cover all claimants: The Government Actuary's advice to the Lord Chancellor explored the idea of having two distinct discount  3 Oct 2019 The government actuary's determination of the Scottish discount rate shows that this is a decision that can and really should be depoliticised and  8 Oct 2019 The UK government actuary has recommended that the personal injury discount rate in Scotland remain at minus 0.75%, lower than the minus  3 Oct 2019 Government Actuary, Martin Clarke, has announced that the discount rate in Scotland is to remain at its current level of -0.75%. Now that there  15 Jul 2019 today finally determined a new personal injury discount rate of minus and the Government Actuary's Department will presumably publish a  5 Sep 2019 Treasury to review discount rate for personal injury claims. from the UK Government Actuary's Department to consider factors that are specific  19 Jul 2017 Personal Injury Discount Rate ('PI discount rate') is set, the Ministry of Justice (' MoJ') has asked the Government Actuary's Department ('GAD')