Advanced Actuarial Mathematics
Life contingencies, multiple-state models and the valuation of insurance and annuity contracts.
Pensions Mathematics
Valuation and funding of defined benefit and defined contribution pension schemes.
Advanced 6 topics 12 months access Online reader
About this course
The mathematics behind retirement benefits. The course explains how pension schemes are designed, how their liabilities are valued, the funding methods used to set contributions, and how assumptions about salaries, interest and mortality drive the results.
What you will learn
- Describe defined benefit and defined contribution scheme design
- Value pension liabilities using appropriate decrement models
- Compare funding methods and set contribution rates
- Analyse the effect of assumptions on scheme funding
Course topics
- Pension scheme design and benefits
- Service tables and decrements
- Valuation of accrued and future benefits
- Funding methods
- Contribution rate setting
- Assumptions and sensitivity
Who this course is for
- Actuarial students specialising in pensions
- Pension fund trustees and administrators
- Consultants working with retirement benefit schemes
Before you start
Life contingencies (Advanced Actuarial Mathematics or equivalent).
How access works
After payment, the course materials appear in My Learning. They open in a secure online reader on your phone, tablet or computer for 12 months. Materials are view-only and cannot be downloaded. Buying again extends your access from the current end date.
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