Term:
Actuarial valuation
Definition:
A valuation carried out by an actuary on a regular basis, in particular, to test future funding or current solvency of the value of the pension fund’s assets with its liabilities.
Domain:
Finance
Source:
OECD Working Party on Private Pensions, 2005, “'Private Pensions: OECD Classification and Glossary, 2005 edition”, OECD, Paris
