The Role of Actuarial Valuations in Pension Fund Accounting: A Study of Stanbic IBTC Pension Managers
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Actuarial valuations are essential in pension fund accounting, providing a scientific approach to assessing the financial health of pension funds. These valuations help in determining funding adequacy, setting contribution rates, and ensuring long-term sustainability. In Nigeria, pension fund administrators like Stanbic IBTC Pension Managers rely on actuarial assessments to meet regulatory requirements and manage risks effectively (Eze & Musa, 2023).
Given the volatility of financial markets and the growing number of retirees, actuarial valuations have become increasingly important in ensuring that pension funds remain solvent and capable of meeting future obligations. This study explores the role of actuarial valuations in pension fund accounting, focusing on Stanbic IBTC Pension Managers.
Statement of the Problem
Inadequate actuarial valuations can lead to underfunded pension schemes, exposing retirees to financial insecurity and increasing liabilities for fund administrators. While Stanbic IBTC Pension Managers utilizes actuarial techniques, challenges such as data accuracy and market volatility affect the reliability of valuations.
This study evaluates how actuarial valuations contribute to pension fund accounting and identifies factors that enhance or hinder their effectiveness (Adetayo & Adegbite, 2024).
Objectives of the Study
-
To examine the role of actuarial valuations in pension fund accounting.
-
To analyze the impact of actuarial valuations on the financial health of Stanbic IBTC Pension Managers.
-
To identify challenges and propose strategies for improving actuarial valuation practices.
Research Questions
-
How do actuarial valuations contribute to pension fund accounting at Stanbic IBTC Pension Managers?
-
What is the impact of actuarial valuations on the financial health of pension funds?
-
What challenges affect the effectiveness of actuarial valuation practices?
Research Hypotheses
-
Actuarial valuations significantly enhance pension fund accounting practices.
-
Reliable actuarial valuations improve the financial health of pension funds.
-
Addressing challenges in actuarial valuations increases their effectiveness.
Scope and Limitations of the Study
The study focuses on Stanbic IBTC Pension Managers’ actuarial valuation practices from 2015 to 2025. Limitations include access to proprietary actuarial data and the complexity of valuation models.
Definition of Terms
-
Actuarial Valuations: The process of assessing pension fund liabilities and assets using statistical and mathematical methods.
-
Pension Fund Accounting: Accounting practices that ensure the accurate management and reporting of pension funds.
-
Stanbic IBTC Pension Managers: A leading pension fund administrator in Nigeria.
Related Project Materials
The Relationship Between IFRS Training and Audit Quality in Nigeria
Background of the Study
International Financial Reporting Standards (IFRS) have revolutionized financial reporting by provi...
An investigation into the role of vocational education in curbing street hawking among students in Keffi Local Government Area, Nasarawa State.
Background of the Study
Street hawking among students has emerged as a significant socio-economic issue in many parts of N...
THE EFFECT OF TAXATION OF NON-RESIDENT INVESTORS AND FOREIGN NATIONALS
Abstract: THE EFFECT OF TAXATION OF NON-RESIDENT INVESTORS AND FOREIGN NATIONALS
This research investigates the effect of taxation on non...
An Investigation of the Role of Health Insurance in Improving Healthcare Access in Katsina State
Background of the Study:
Health insurance is widely regarded as a mechanism to improve access to healthcare by reducing out...
The effect of sociolinguistic factors on syntactic choices in Nigerian English among professionals
Background of the study
Nigerian English is a dynamic linguistic system shaped by a multitude of sociolinguistic factors su...
An investigation of nurses' knowledge and management of occupational stress in Federal Teaching Hospital, Ido-Ekiti
Background of the Study
Occupational stress is a common phenomenon in healthcare settings, where nurses often face high-...
ADOPTION OF ICT IN THE PROVISION OF LIBRARY SERVICE (A CASE STUDY OF FEDERAL UNIVERSITY LOKOJA)
Background of the study
Layman tends to equate the application of ICT in any profession to being online...
The effect of capital rationing on business growth: A study of Interswitch Nigeria
Background of the Study
Capital rationing occurs when a company has limited resources available to invest in its project...
The influence of school environment on students’ academic success in secondary schools in Kachia LGA, Kaduna State
Background of the study
The school environment is widely recognized as a critical factor influencing students’ acade...
THE PROBLEMS OF YOUTH UNEMPLOYMENT AND RURAL CRIME
Abstract
The research project was carried out in Ngor Okpala L.G.A of Imo State on the problem of youth unemployment and...
