Volume 40 (1985-1987)

Presidential address. - Macharg, J. M. p.1-17.
The matching of assets to liabilities. - Wise, A. J. p.18-81.
Notes on the Financial Times-Actuaries Equity Share Indices in 1985. - Brumwell, J. C. H. p.83-97.
Discussion on the pension proposals in the Government's white paper 'Reform of Social Security - Programme for Action' (Cmnd 9691), and the Social Security Bill 1986. p.151-169. Corrigendum
Merging life funds. - Hunter, J. R.; Jones, E. J. p.170-246.
A clarification of the definition of 'duration', or 'length', in traditional immunisation theory (Actuarial note). - Shedden, A. D. p.247-248.
The Life Associations' inter-office expense investigation. - Luffrum, G. G.; O'Leary, A. G.; Shedden, A. D. p.253-337.
Objectives and methods of funding defined benefit pension schemes. - McLeish, D. J. D.; Stewart, C. M. p.338-424.
Notes on the Financial Times-Actuaries Equity Share Indices in 1986. - Brumwell, J. C. H. p.425-438.
The actuarial background to investment policy. - Plymen, J. p.445-489.
Bonus rates, valuation and solvency during the transition between higher and lower investment returns. - Forfar, D. O.; Milne, R. J. H.; Muirhead, J. R.; Paul, D. R. L.; Robertson, A. J.; Robertson, C. M.; Scott, H. J. A.; Spence, H. G. p.490-585.

Mortality investigations and studies

The changing shape of English Life Tables. - Forfar, D. O.; Smith, D. M. p.98-134.
Experiments in graduating the data for the English Life Tables (no. 14). - McCutcheon, J. J. p.135-147.

Memoirs and obituaries

Obituaries I

• Donald, David William Alexander. p.249.
• Cramér, Harald. p.250-251.

Obituaries II

• Ross, John Muirhead. p.441-443.

Book reviews

Actuarial evidence (2nd ed), by Donald R. Anderson. p.252.

Other articles

Notes on the Journal of the Institute of Actuaries, vol 112. p.148-149.
Notes on the Journal of the Institute of Actuaries, vol 113. p.439-440.