This research was undertaken by PlanPlus Inc on behalf of the Investor Advisory Panel, an independent committee of the Ontario Securities Commission. All data collected for this project is confidential and will be held by PlanPlus for a period of one year and will then be destroyed.
This paper explored a method that combined actuarial approaches for calculating withdrawals in retirement with Monte Carlo simulations. The model recalculated withdrawals for each scenario within each simulation, with a new simulation beginning for each year based on individual capital remaining and adjusted time horizons using mortality tables.
Chartered Professional Accountants. A structured process by which preparers and auditors, with an appropriate level of knowledge, experience, and objectivity, can form an opinion.
To specify principles that regulators might use in challenging preparers’ judgments.
‘We do not make changes for the sake of making them,’ Henry Ford apparently said, ‘but we never fail to make a change once it is demonstrated that the new way is better than the old way.’
Experts are calling on advisors to take a more consistent approach when matching risk profiles to investments as Money Marketing research shows there is still a lack of consensus among firms over what process to follow.