This year's Annual Conference offers an exciting and varied programme. The keynote speakers are Eddie Truell, of the Pension Corporation, who will be discussing Modern approaches to financing pension commitments, and Martin Weale, of the National Institute of Economic and Social Research, who will deliver a speech on Annuities and aggregate mortality risk: mountains out of molehills?

Subjects for plenaries and break-outs include:

• How valuable is liquidity?
  Paul Stanworth
  
  
• Taking account of liquidity in valuation
  Seamus Creedon
  
  
• How much of hedge fund returns are market-related?
  Robert Howie and Dr Lars Jaeger
  
  
• Influences of regulation on stucture and extent of property investment
  Simon Jones
  
  
• Ancillary and residual risks in VAs
  James Maher
  
  
• Coping with extreme events: using copulas and other co-movement analysis tools in investment management and risk management
  Malcolm Kemp
  
  
• DB pension scheme planning and long-term inflation
  Jon Spain
  
  
• What do ratings really mean for investment
  Richard Hunter
  
  
• Controlling the growth of your hedge
  Stuart Jarvis
  
  
• Longevity hedging
  Lukas Steyn
  
  
• Swaps and swaptions
  Viktor Mirkin
  
  
• Asset liability management - optimisation in finite time
  Adrian Lawrence
  
  
• Commodities: A strategic asset allocation?
  John McManus
  
  
• The market value of pension liabilities
  David Cule
  
  
• Complexity economics - application and relevance to actuarial work
  Andrew Slater and Nick Silver
  
  
• Tests for investment risks - model assumptions
  Ralph Frankland and Andrew Smith
  
  
• Classification of investors as providers of capital
  Cormac Bradley
  
  
• GIRO Securitisation of P&C Insurance Working Party Update
  Graham Fulcher
  
  
• Life Securitisation - Learning from the US and the Property and Casualty Sectors
  Michael Eakins
  
  

Academic contributions include Economic capital models for Basel II, Pillar II by Alexander McNeil. Updates on current research include presentations on Liquidity risk and the credit crunch by William Perraudin, Imperial, Tanaka Business School and Risk Management Laboratory, and Catastrophe risk financing under changes in hurricane activity by Andreas Milidonis, Centre for the Analysis of Investment Risk, Manchester Business School. The conference will take place form 15-17 June at the Hilton Deansgate, Manchester. Further information.