Update: Adoption of revised commuted value standards delayed
On April 6, 2020, the Actuarial Standards Board of the Canadian Institute of Actuaries announced it would delay the adoption of its revised commuted value standards until December 1, 2020, at the earliest.
The updated pension commuted value standards were published in their final form in January 2020, as discussed in the February 2020 News & Views. The updated standards were previously scheduled to become effective as of August 1, 2020.
The Actuarial Standards Board has indicated it may decide to delay the effective date of the new standards further if it deems this to be necessary as it continues to assess the situation.