Actuarial Board for Counseling and Discipline (ABCD) Chairperson Janet Fagan outlines the resources and guidance available to actuaries in “ABCD Guidance: A Critical Element of Actuarial Self-Regulation,” covering professional ethics, the need for public confidence, and improving practice. 

The Life Operational Risk Work Group submitted comments to the NAIC's Operational Risk (E) Subgroup on proposed operational risk factors and growth charge for the life risk-based capital (RBC) formula.

The October issue of Actuarial Update covers the Pension Practice Council’s issue brief on the challenges facing the Pension Benefit Guaranty Corp.’s multiemployer program; the Academy’s upcoming Annual Meeting and Public Policy Forum in Washington; North American actuarial organizations expand a cross-border discipline agreement; the approaching deadline for p

The Pension Committee, Multiemployer Plans Subcommittee, and Public Plans Subcommittee submitted comments to the Actuarial Standards Board (ASB) on a draft actuarial standard of practice (ASOP) on risk assessment and disclosure.