The social security institution involves actuaries in different areas of the investment process. This guideline refers to the situation where actuaries are directly involved in the design and carrying out of an investment strategy in respect of the reserve funds of the social security scheme.

This guideline considers the different elements of the investment management process where actuarial involvement is likely to be solicited. The investment process is likely to include a number of different steps and be relatively complex in its planning, management and execution. For each of the elements where actuarial input may be required or demanded, it is important that this role is detailed and that it is carried out taking into account appropriate actuarial methods and approaches. A number of the processes detailed below require coordination and collaboration with other professionals and stakeholders both within and outside the institution. Such coordination should be effectively managed and proper peer review processes put in place and executed.

This guideline should be read in conjunction with the ISSA Guidelines on Investment of Social Security Funds (appropriate guidelines are identified below) as well as Guidelines 2, 3 and 4 data, assumptions and methodology respectively.