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OUR SERVICES
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The extensive knowledge and experience of our consultants ensure that our clients will receive professional, independent and objective actuarial advice. We focus on providing high quality advice in the following area of services:
| ACTUARIAL VALUATION |
| We provide actuarial valuation for statutory funding to determine the liabilities and contributions and actuarial expense calculations for post-employment benefits cost accounting in accordance with US Financial Accounting Standard No. 715 30 (USGAAP ASC 715 30), UK Financial Reporting Standard No. 17, International Accounting Standard No. 19 (IAS-19) and Indonesian Statement of Financial Accounting Standard No. 24 (PSAK-24). Our actuarial valuation software enables us to perform financial sensitivity analysis and projection to determine funding status of pension plans using various sets of economic and demographic assumptions, allowing clients to monitor long-term financial performance to increase security of benefits. Although not one of our core businesses, from time to time we do provide product design and filing services, as well as statutory valuation for life insurance companies.
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| PENSION PLAN DESIGN |
| With a holistic view on retirement program, we help clients in designing and doing financial analysis on defined benefit and defined contribution programs that fit the specific needs of the clients. Our common approach in the design process will address the issues of market competitiveness, integration with all other post-employment benefits including mandatory plans, employee expectation and company affordability, retirement focus and funding vehicles. For plan conversion, we also provide qualitative and quantitative feasibility studies on all available options to enable clients to make informed decisions, including on plan implementation.
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| EMPLOYEE COMMUNICATION |
| One of the success criteria of a retirement plan is prevailing employee awareness, understanding and appreciation. This can only be achieved through strategic communication program, at installation and continuously. We are able to help our clients to develop all communication materials, ranging from personal benefit statements, plan booklet, presentation and employee education.
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| PLAN ADMINISTRATION |
| Our day-to-day plan administration consulting provides on-going membership record-keeping, reporting and financial administration services. For clients that wish to self-administer the plan, we are able to assist them in designing administration and financial flow and procedures.
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| LEGAL DOCUMENTATION AND COMPLIANCE |
| We are able to prepare all trust and legal documentations required - plans establishment, conversion, wind up, combination and separation of retirement plans. We will also actively inform clients on issues of legislation changes and conduct periodic legal compliance for the plan under prescribed government regulations and legislations.
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| SELECTION OF PROVIDERS |
| Should clients decide to use a third party provider, such as Financial Institution Pension Fund, we can help clients to formulate selection criteria and process the selection. In addition, we can also assist clients in the selection of custodian, investment manager, annuity, and group insurance products.
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| MERGER AND ACQUISITION |
| As a result of the increasing trend of merger and acquisition, issues related to employee benefit programs have a profound effect on the viability of the transaction. The related issues may include liabilities or expense items which are not fully reflected in the balance sheet and income statement, and plan benefit levels, programs and retirement income philosophy that differ between companies. Supported by our extensive experience in this area, we can help clients in the due diligence process by reviewing the regulatory requirements, benefits harmonization and financial aspects, including planning, managing and executing the entire process.
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| POST-EMPLOYMENT BENEFIT AUDIT |
| Having a retirement plan in place does not necessarily guarantee the plan can support the culture needed to run the organization effectively. Our post-employment benefits audit service is an integrated view and approach in reviewing alignment of the plan with organization objectives, understanding employee perception of the benefits, cost management effectiveness and efficiency, regulatory compliance, and developing recommendation.
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| ACTUARIAL AND FINANCIAL PLANNING TRAINING |
| In line with our employee communication service, we have developed several training programs to foster successful communication and understanding of retirement programs, to employees and to the public. Our training programs include actuarial and administration training to trustees, membership orientation and education and workshops on retirement and financial planning.
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| LIBRARY » |
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Asuransi:
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Peraturan OJK Nomor 55/POJK.05/2017, tentang Laporan Berkala Perusahaan Perasuransian
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Asuransi:
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Peraturan OJK Nomor 72/POJK.05/2016, tentang Kesehatan Keuangan Perusahaan Asuransi dan Perusahaan Reasuransi dengan prinsip syariah
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Asuransi:
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Peraturan OJK Nomor 71/POJK.05/2016, tentang Kesehatan Keuangan Perusahaan Asuransi dan Perusahaan Reasuransi
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Asuransi:
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Surat Edaran OJK Nomor 25/SEOJK.05/2017, tentang Pedoman Perhitungan Jumlah Dana Tabarru’ dan Dana Tanahud Minimum Berbasis Risiko dan Modal Minimum Berbasis Risiko bagi Perusahaan Asuransi dan Perusahaan Reasuransi dengan Prinsip Syariah.
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Asuransi:
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Surat Edaran OJK Nomor 28/SEOJK.05/2017, tentang Pedoman Pembentukan Penyisihan Teknis bagi Perusahaan Asuransi dan Perusahaan Reasuransi dengan Prinsip Syariah.
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Asuransi:
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Surat Edaran OJK Nomor 27/SEOJK.05/2017, tentang Pedoman Pembentukan Cadangan Teknis bagi Perusahaan Asuransi dan Perusahaan Reasuransi.
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Asuransi:
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Surat Edaran OJK Nomor 26/SEOJK.05/2017, tentang Persetujuan Penempatan Investasi dan Bukan Investasi pada Perusahaan Asuransi , Perusahaan Reasuransi, Perusahaan Asuransi Syariah, dan Perusahaan Reasuransi Syariah.
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Asuransi:
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Surat Edaran OJK Nomor 29-SEOJK.05-2017, tentang Laporan Aktuaris Tahunan Perusahaan Asuransi, Perusahaan Reasuransi, Perusahaan Asuransi Syariah, dan Perusahaan Reasuransi Syariah
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Asuransi:
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Peraturan OJK Nomor 71/POJK.05/2016, tentang Kesehatan Keuangan Perusahaan Asuransi dan Perusahaan Reasuransi
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Asuransi:
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Surat Edaran OJK Nomor 25/SEOJK.05/2017, tentang Pedoman Perhitungan Jumlah Dana Tabarru’ dan Dana Tanahud Minimum Berbasis Risiko dan Modal Minimum Berbasis Risiko bagi Perusahaan Asuransi dan Perusahaan Reasuransi dengan Prinsip Syariah.
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Asuransi:
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Surat Edaran OJK Nomor 28/SEOJK.05/2017, tentang Pedoman Pembentukan Penyisihan Teknis bagi Perusahaan Asuransi dan Perusahaan Reasuransi dengan Prinsip Syariah.
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Asuransi:
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Surat Edaran OJK Nomor 27/SEOJK.05/2017, tentang Pedoman Pembentukan Cadangan Teknis bagi Perusahaan Asuransi dan Perusahaan Reasuransi.
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Asuransi:
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Surat Edaran OJK Nomor 26/SEOJK.05/2017, tentang Persetujuan Penempatan Investasi dan Bukan Investasi pada Perusahaan Asuransi , Perusahaan Reasuransi, Perusahaan Asuransi Syariah, dan Perusahaan Reasuransi Syariah.
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Asuransi:
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Surat Edaran OJK Nomor 29-SEOJK.05-2017, tentang Laporan Aktuaris Tahunan Perusahaan Asuransi, Perusahaan Reasuransi, Perusahaan Asuransi Syariah, dan Perusahaan Reasuransi Syariah
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Asuransi:
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Surat Edaran OJK Nomor 24/SEOJK.05/2017, tentang Pedoman Perhitungan Jumlah Modal Minimum Berbasis Risiko bagi Perusahaan Asuransi dan Perusahaan Reasuransi
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Asuransi:
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Surat Edaran OJK Nomor 23/SEOJK.05/2017, tentang Dasar Penilaian Aset dalam Bentuk Investasi dan Bukan Investasi bagi Perusahaan Asuransi dan Perusahaan Reasuransi dengan Prinsip Syariah
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