The re-introduction of the Old Pension Scheme (OPS) has sparked conversations and opportunities within the financial sector. For actuarial consultants, the Old Pension Scheme offers promising new avenues for consultation and advisory services. Businesses are eager to understand the financial
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Pension schemes play a vital role in securing financial stability after retirement. Both the National Pension Scheme (NPS) and the Old Pension Scheme (OPS) have been prominent retirement benefits in India, offering distinct features to employees. With changing economic conditions,
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When it comes to retirement planning, understanding how your gratuity is calculated is crucial. Actuarial assumptions play a significant role in determining the valuation of gratuity funds. These assumptions can seem complex, but they directly affect your future financial stability.
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The International Financial Reporting Standards is a prevalent global framework that has changed the landscape of finances worldwide. The Indian alignment of this standard goes by the name of Indian Accounting Standards or the IND AS. The IND AS 19
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The concept of actuarial valuation is indeed quite popular when it comes to the insurance and pension industry. But did you know that even sensitivity analysis is indeed quite an important concept? Sensitivity analysis is a vital tool in actuarial
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Employee gratuity – a lump sum payment, a token of appreciation for years of service. But before budgeting for individual payouts, businesses need a crucial step: gratuity valuation. Imagine forecasting your company’s future party expenses. You estimate the total food
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Gratuity is a significant part of employee benefits. It reflects an employer’s appreciation for their employees’ service. Gratuity liabilities tend to increase each year. Understanding why this happens is crucial for businesses. Let us explore the reasons behind this increase.
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Gratuity is a significant part of employee benefits. It shows an employer’s commitment to their employees. Understanding gratuity valuation is crucial for businesses. Let us explore the key considerations for employers so that they can calculate gratuity valuations accurately and
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Employee retention is crucial for business success. High turnover rates are costly and disruptive. Implementing effective End of Service Benefit strategies can help retain employees. This blog explores these strategies in detail. End of Service Benefit is a financial package
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Don’t you think that if you can keep your workforce motivated, you have achieved enough in your organization? But have you ever wondered which are the factors that you need to consider so that you can easily achieve this end
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