TORONTO, Aug. 21, 2015 /CNW/ - The relatively new New Brunswick Shared Risk Plan model has received a lot of attention and positive publicity over the past year, not only in New Brunswick and the rest of Canada, but also around the world. However, amidst these accolades, there are a number of significant shortcomings that have thus far not been particularly well identified, understood, or communicated.
The full story is one of broken promises, a flawed model, and misleading communication – a recipe for disaster. In a recently released report by PBI Actuarial Consultants Ltd., a number of significant and fundamental issues are identified, a summary of which can be found on the PBI website (http://pbiactuarial.ca).
About PBI Actuarial Consultants Ltd.
PBI Actuarial Consultants Ltd. is a dynamic independent and growing Canadian company providing actuarial, administrative, and investment consulting services for pension and benefit plans, as well as other trust funds, in both the private and public sectors. PBI serves clients across Canada from offices in Toronto, Vancouver, and Montreal and is a recognized industry leader in the design of retirement objectives, funding policies, and risk management strategies.
SOURCE PBI Actuarial Consultants Ltd.
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