Regulatory Alerts2025-01-31
PFR1 Funding Valuation Rules 2024
The Non-Bank Financial Institutions Regulatory Authority issued the PFR1 Funding Valuation Rules 2024 to standardize how licensed Retirement Funds assess their financial soundness and long-term sustainability. The rules require actuaries to value assets at fair market prices and liabilities using best-estimate assumptions, while mandating that trustees establish quantified contingency reserves to buffer against valuation uncertainties. Compliance ensures funds maintain adequate contribution rates and sufficient assets to meet current and future member obligations under internationally aligned prudential standards.
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