Developing Return Expectations in Today’s Capital Markets – What Methods Work Now?
Slides and audio are now available. To view them, log in to your Academy member account.
Tuesday, July 30, 2019 | Noon to 1:30 p.m. EDT | CE available and CPE available
- Member: $50 (Discount code required.)
- Nonmember: $100
- Government Regulators: Free
ABOUT THIS WEBINAR
Pension actuaries are required to develop or affirm investment return assumptions for a wide range of purposes. In the past, assumptions might have been primarily based on a review of historical returns. But as capital market conditions have evolved, this approach may no longer be considered reasonable. In particular, 10 years of expansionary monetary policy have resulted in historically low fixed-income yields and near-historic highs in equity price/earnings ratios.
This new environment requires new approaches to assessing return expectations. In this webinar, actuaries experienced in capital markets and investments reviewed the fundamentals underlying return expectations and outlined current approaches to forecasting returns in today's capital market environment.
This webinar was intended to support actuaries directly responsible for assumption recommendations, or in assessing recommendations or resources provided by other parties—a pension plan's outside investment adviser, their own firm's investment practice, or publicly available data and surveys.
- Jerry Mingione, MAAA, FSA, EA, FCA, CERA
Member, Social Security Committee
- Evan Inglis, MAAA, FSA, EA, FCA
Member, Public Plans Committee
- Linda K. Stone, MAAA, FSA
Academy Senior Pension Fellow
CONTINUING EDUCATION AND JBEA CPE CREDIT
The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 CE credits for attending this live webinar.
We also believe in good faith that Enrolled Actuaries may earn 1.8 continuing professionalism education (CPE) non-core non-ethics credits under the Joint Board for the Enrollment of Actuaries (JBEA) rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics, or non-ethics continuing education and the number of CPE credit hours allocated to same for enrolled actuaries.
NOTE ON JBEA CE CERTIFICATE OF ATTENDANCE
You will not be able to receive a certificate of attendance for listening to any recorded webinars. In order to receive a JBEA CE Certificate of Attendance you must attend the live event, follow the instructions provided during the live event, and request your certificate by completing the online form within 30 days of attending the live event.
To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present at your webinar location.
- For technical support, please contact BlueSky customer support at 888-705-6002 or firstname.lastname@example.org.
- For more information about this webinar, contact the Academy at 202-223-8196.