New guideline reflects evolution of capital accumulation plan practices.

Insurers say the reset option has weakened over the years.

Consultations are taking place regarding new capital requirements that will come into force January 1, 2025.

Pension assets gain 5.1 per cent; typical balanced portfolios return 6.2 per cent.

Industry grew 82 per cent during study period while economy overall grew just 23 per cent.

Figures trail employment growth but all plan types add members in 2022.

Annuity purchases remain strong in the first half of 2024.