The CPD Committees of the Boards have suggested that the following list of papers may be useful for those specialising in, or wishing to learn more about, developments in this area. The list is not intended to be definitive and suggestions for other material are welcomed. Please send comments to Pauline Simpson.

Finance and investment

Absolute return funds and institutional investors. Howie, R J; Beukes, L J; Collier, I C et al. Research Working Party on Absolute Return Funds. Presented to the Finance and Investment Conference 2003.

Lease terms, option pricing and the financial characteristics of property. Adams, A T; Booth, P M; MacGregor, B D. BAJ 9(3) (2003) 619-635.

Risk and capital assessment and supervision in financial firms. Creedon, S; Chalk, A; Chaplin, M B et al. Presented to the Finance and Investment Conference 2003.

General Insurance

Cost of the compensation culture. Broughton, J; Gravelsons, B P; Hensman, C et al. Presented to the General Insurance Convention 2002.

The cycle survival kit. An investigation into the reserving cycle and other issues. Archer-Lock, P R; Fisher, S; Hilder, I M et al. Presented to the General Insurance Convention 2003.

Extreme events part 2. Financial catastrophes. The overthrow of modern financial theory. Sanders, D E A. Presented to the General Insurance Convention 2003.

Fair value accounting: implications for general insurers. Leigh, J C T. Presented to SIAS, March 2004.

The implications of fair value accounting for general insurance companies. Clark, P K; Hinton, P H; Nicholson, E J et al. BAJ 9(5) (2003) 1007-1059

The management of losses arising from extreme events. Sanders, D E A; Brix, A; Duffy, P et al. Presented to the General Insurance Convention 2002.

Quantifying operational risk in general insurance companies. Tripp, M H; Bradley, H L; Devitt, R et al. BAJ 10(5) (2004) 919-1026.

UK asbestos - the definitive guide. Lowe, J; Gravelsons, B P; Hawes, W et al. Presented to the General Insurance Convention 2004

Life

Analysing movements in realistic balance sheets for with profits funds. Coulthard, P J A, Parkes, A R. Presented to SIAS, December 2004.

The cost of capital for financial firms. Exley, J; Smith, A D. - BAJ 12(1) (2006) p.229-301

Current developments in embedded value reporting. O’Keeffe, P J L, Desai, A J, Foroughi, K et al. - BAJ 11(3) (2005) p.407-496

Effective decision making in a life company. Iqbal, I. - BAJ 11(1) (2005) p.133-182.

Financial aspects of longevity risk. Richards, S J, Jones, G L. Presented to SIAS, October 2004.

Longevity in the 21st century. Willets, R C; Gallop, A P; Leandro, P A et al. BAJ 10(4) (2004) 685-832, 878-898.

Market consistent valuation of life assurance business. Sheldon, T J; Smith, A D. BAJ 10(3) (2004) 543-626.

Notes on options, hedging, prudential reserves and fair values. Wilkie, A D; Owen, M P; Waters, H R. - BAJ 11(2) (2005) p.199-312

Measuring and managing the economic risks and costs of with-profits business. Hibbert, A J; Turnbull, C J. BAJ 9(4) (2003) 725-786.

Twin peaks. Muir, M; Waller, R. Presented to SIAS, November 2003.

Pensions

Essentials of corporate bonds for pensions actuaries. Prepared by the Corporate Bonds Working Party, Pensions Board, The Actuarial Profession, 21 March 2003.

Funding defined benefit pension schemes. Cowling, C A; Gordon, T J; Speed, C A. - BAJ 11(3) (2005) p. 63-131 and BAJ 11(3) (205) p. 497-518

Lessons from closure: an analysis and comparison of the issues facing closed life funds and closed pension schemes. Campbell, A C; Grimley, D C; Pallister, J K et al. - BAJ 12(3) (2006) p. 639-727

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Liability driven benchmarks for UK defined benefit pension schemes. Chambers, Alvar J; Barnes, Andrew E; Barnes, Matt et al. 2005 Finance and Investment Conference

Longevity in the 21st century. Willets, R C; Gallop, A P; Leandro, P A et al. BAJ 10(4) (2004) 685-832, 878-898.

Pensions, funding and risk. Chapman, Richard J; Gordon, Timothy J; Speed, Cliff A. BAJ 7(4) (2001) 605-686

Should projections of mortality improvements be subject to a minimum value? Baxter, S. Sessional Meeting, February 2007.

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Sponsor covenant working party final report - Allowing for the Sponsor Covenant in Actuarial Advice. Sponsor Covenant Working Party. November 2005

Two-dimensional mortality data: patterns and projections. Richards, S J; Ellam, J R; Hubbard, J et al. Sessional meeting, March 2007

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