RiskFirst cited by CIO magazine on the new standard, ASOP 51, and what it means for US actuaries

The new actuarial standard for assessing pension risk, ASOP 51, came into effect in the US on 1st November, requiring actuaries to factor in potential risks that “may be reasonably anticipated to significantly affect the plan’s future financial condition”. In an article written by Chief Investment Officer (CIO) magazine, Michael Carse, defined benefit product manager at RiskFirst, explains some of the benefits of the rule – including the enhancement of risk management by formally putting in place the types of risk measures that plan sponsors’ CIOs should be seeing from their advisors, as well as promoting greater collaboration between actuaries and investment consultants – and how technology can play a key role in facilitating effective risk management.

 

To read the full article, please click here