Outlined below is a selection of the consulting services we provide:

• advice on legislative developments
• establish actuarial assumptions for plan administration
• preparation of plan documents
• actuarial valuation including:

  - assumption setting

  - data reconciliation

  - asset reconciliation

  - gain & loss analysis

  - solvency valuation

  - valuation report

• evaluation of pension plan design in relation to the plan sponsor's objectives
• costings of changes to the plan and/or actuarial assumptions
• supplementary reports
• respond to queries from both the federal and provincial regulators
• information as required by auditors (Section 3461 of the Canadian Institute of Chartered Accountants Handbook, Financial Accounting Standards Board Statements No. 87, 88, 132, 158)
• investment consulting

Leong & Associates keeps its clients abreast of any new trends and/or changes in pension legislation or design through customized letters relating to the client's particular plan, not through generic mailings. Often new ideas and concepts developed through our own independent research have resulted in clients having substantially improved pension delivery and dramatically increased plan flexibility.

Occasionally, the objectives of plan sponsors change or the regulatory bodies (provincial regulators as well as the Canada Revenue Agency) introduce new legislation and regulations that affect pension plans. Leong & Associates assists clients with these changes by:

• preparing plan documents that provide formal, detailed descriptions of plan terms
• preparing employee communications
• preparing actuarial certifications required whenever a plan is amended resulting in a change in contribution rates
• drafting plan amendments
• performing costings of proposed plan changes
• filing the necessary documents with regulatory bodies
• providing innovative and creative solutions to ensure the pension plan meets its objectives and goals

Other areas where Leong & Associates provides consulting services include:

• experience studies
• cash flow testing for liquidity purposes
• benefit adequacy testing
• preparing a Statement of Investment Policies and Procedures document that outlines the pension plan's investment objectives and performance benchmarks
• investment performance monitoring
• conducting investment manager/custodian searches
• governance program implementation
• pension committee/trustee meetings
• executive retirement benefits