actuarial valuation
A valuation of the assets and liabilities of an occupational pension scheme conducted according to various actuarial assumptions, for example, relating to future investment performance, salary increases and mortality. The scheme actuary appointed in relation to the scheme under section 47 of the Pensions Act 1995 must conduct the valuation. Detailed professional guidance stipulates the methods the actuary must follow. The scheme trustees must commission formal valuations every three years, and obtain annual updating reports from the actuary in the interim.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Actuarial Valuation — An actuarial valuation is a type of appraisal which requires making economic and demographic assumptions in order to estimate future liabilities. The assumptions are typically based on a mix of statistical studies and experienced judgment. Since… …   Investment dictionary

  • valuation — val·u·a·tion /ˌval yu̇ wā shən/ n 1: the act or process of valuing actuarial valuation of the assets and liabilities of a state pension fund; specif: appraisal of property valuation of marital property is a factual finding that will not be upset… …   Law dictionary

  • Actuarial science — are professionals who are qualified in this field through examinations and experience. Actuarial science includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science… …   Wikipedia

  • Actuarial reserves — An actuarial reserve is a liability equal to the net present value of the future expected cash flows of a contingent event. In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the …   Wikipedia

  • Actuarial topics — This page represents a collection of topics which relate to Actuarial Science.General Actuarial Topics* Actuarial science * Actuary * Actuarial notation * Fictional actuariesMathematics of Finance* Financial mathematics* Interest * Time value of… …   Wikipedia

  • Actuarial Balance — The difference between future Social Security obligations and the income rate of the Social Security Trust Fund as of present. The Social Security program would be said to be in actuarial balance if the summarized income rate is inline with the… …   Investment dictionary

  • Actuarial Deficit — The difference between future Social Security obligations and the income rate of the Social Security Trust Fund as of present. The Social Security program is said to be in actuarial deficit if the summarized income rate is less than the… …   Investment dictionary

  • valuation — noun ADJECTIVE ▪ high, low ▪ detailed ▪ independent ▪ current ▪ actuarial (finance) …   Collocations dictionary

  • actuarial — adj. Actuarial is used with these nouns: ↑valuation …   Collocations dictionary

  • Net premium valuation — A Net Premium Valuation is an actuarial calculation, used to place a value on the liabilities of a life insurer. Background It involves calculating a present value for the contractual liabilities of a contract, and deducting the value of future… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”