Document library
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- Author:
- T M Hodgson; S Breban; C L Ford; M P Streatfield; R C Urwin
- Source:
- British Actuarial Journal [BAJ] (2000) 6: 451-545
The concept of investment efficiency and its application to investment management structures
THE CONCEPT OF INVESTMENT EFFICIENCY AND ITS APPLICATION TO INVESTMENT MANAGEMENT STRUCTURES By T. M. Hodgson, S. Breban, C. L. Ford, M. P. Streatfield and R. C. Urwin [Presented to the Institute of Actuaries, 28 February ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Report 18. Whole volume
Sickness experience 1991-94 for individual PHI policies; Sickness termination experience 1991-94 for group PHI policies; An analysis of the PHI experience of individual companies in the United Kingdom I: claim inception rates; An analysis of the PHI ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Report 15. Whole volume
Claim inception rates under PHI policies, individual 1975-90 and group 1975-86; Recovery and mortality rates of those claiming under PHI policies, individual 1975-90 and group 1975-86; Sickness experience 1983-86 for individual PHI policies; Sickness ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
Draft Technical Memorandum 1 (TM1) : Statutory Illustrations of Money Purchase Benefits (SMPI). Version 1.0. Covering letter
The Pensions Board is pleased to have been invited by the Department of Social Security to help the Government to provide members of occupational, personal and stakeholder pension schemes with an annual illustration of their money purchase benefits in ... read more >>
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- Author:
- D J P Hare; J A Dickson; P A P McDade; D Morrison; R P Priestley; G J Wilson
- Source:
- British Actuarial Journal [BAJ] (2000) 6(1):143-213
A market-based approach to pricing with-profits guarantees
This paper addresses one of the fundamental issues faced by offices in the transacting of with-profits business, namely, the provision of equity-related performance along with maturity guarantees that increase over the lifetime of the policy. The ... read more >>
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- Author:
- S J Head; D R Adkins; A J G Cairns; A J Corvesor; D O Cule; D J Exley; I S Johnson; J G Spain; A J Wise
- Source:
- British Actuarial Journal [BAJ] (2000) 6(1): 55-141
Pension fund valuations and market values
The traditional approach to United Kingdom pension fund valuations is to use an off-market approach to valuing assets and liabilities. This approach has been called into question for a number of reasons, such as changes to the taxation of U.K. share ... read more >>
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- Author:
- P M C Meredith; N P Horsfall; J M Harrison; K Kneller; J M Knight; R F Murphy
- Source:
- British Actuarial Journal [BAJ] (2000) 6(3): 547-619
Pensions and low inflation
This working party has considered the pensions implications of a prolonged period of low inflation. Experience in the United States of America suggests weaker correlation between equity and bond returns and greater overall volatility of returns. Without ... read more >>
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- Author:
- General Insurance Board
GN 18: Actuarial reporting for UK general insurance companies writing US regulated business. Version 2.0
This general insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN18 V2.0 ... read more >>
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- Author:
- General Insurance Board
- Source:
- Advisory note
Advisory note on Lloyd's US opinions
This note has been issued by the General Insurance Board to supplement the Guidance Note on Lloyd's US Opinions (GN33). It supercedes the Advisory Note issued in December 1998. Since GN33 was first issued in December 1997 there have been a number of ... read more >>
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- Author:
- General Insurance Board
- Source:
- Attachment to the Advisory Note with supplements GN33
Lloyd's US Situs Trust Funds: Notes on modified UK basis agreed with the New York Insurance Department (NYID)
This note forms part of the Advisory Note which supplements GN33. It describes the 'modified UK basis' agreed with the New York Insurance Department and includes in the Appendix a diagram explaining the requirements for different opinions. 1 Lloyd’s US ... read more >>
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- Author:
- Pensions Board\; Mike Pomery
GN31: Actuaries to appropriate personal pension schemes in terms of the Pensions Act 1995. Version 1.1. Covering letter
The technical amendments made to Version 1.1 cover the following issues: The transfer of functions from the Contributions Agency and the Department of Health and Social Services for Northern Ireland to the Inland Revenue. Minor typographical amendments. ... read more >>
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- Author:
- Andrew Newman (Chairman)
- Source:
- Advisory note
Unallocated loss adjustment expense provisions
Lloyd's syndicates are required to obtain annual Statements of Actuarial Opinion ('SAOs') in respect of their solvency reserves. Provisions for unallocated loss adjustment expenses are included in the reserves covered by certain of these SAOs - namely the ... read more >>
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- Author:
- M Cumberworth; A N Hitchcox; W D McConnell; A D Smith
- Source:
- Sessional Meeting paper
Corporate decisions in general insurance: beyond the frontier
This paper shows how the powerful and flexible tool of stochastic modelling can be applied to a range of business decisions extending far beyond the asset allocation solutions that are common to many ALM studies. The example used to demonstrate these ... read more >>
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- Author:
- D J P Hare\; J A Dickson\; P A P McDade\; D Morrison\; R P Priestley\; G J Wilson
- Source:
- Sessional Meeting paper
A market-based approach to pricing with-profits guarantees
This paper addresses one of the fundamental issues faced by offices in the transacting of with-profits business, namely, the provision of equity-related performance along with maturity guarantees that increase over the lifetime of the policy. The approach ... read more >>
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- Author:
- Clarkson, R. S.
- Source:
- Staple Inn Actuarial Society (1999)
Artificial intelligence and stockmarket success. A discussion paper to help debate the true dynamics of stockmarket behaviour
Presented to the Staple Inn Actuarial Society on 11th May 1999 ARTIFICIAL INTELLIGENCE AND STOCKMARKET SUCCESS by Robert S. Clarkson ARTIFICIAL INTELLIGENCE AND STOCKMARKET SUCCESS ROBERT S. CLARKSON "I have never hesitated to question commonly accepted ... read more >>
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- Author:
- Compliance/Peer Review Working Party of the Professional Affairs Board
- Source:
- Sessional Meeting paper
Monitoring compliance with professional guidance. A discussion paper
The Working Party was set up by the Professional Affairs Board to examine systems for the monitoring of compliance in professional matters. Following consideration of a report of the Working Party submitted to the Professional Affairs Board and the Faculty ... read more >>
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- Author:
- General Insurance Board
GN20: Actuarial reporting under the Lloyd's Valuation of Liabilities Rules. Version 5.0
This general insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN20 V5.0 ... read more >>
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GN33: Actuarial reporting for Lloyd's syndicates writing US business. Version 2.0
This general insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN33 V2.0 ... read more >>
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GN3: Certain certificates for contracting-out. Version 3.3
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN3 V3.3 B3.1 GN3: ... read more >>
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- Author:
- S J Head\; D R Adkins\; A J G Cairns\; A J Corvesor\; D O Cule\; C J Exley\; I S Johnson\; J G Spain\; A J Wise
- Source:
- Sessional Meeting paper
Pension fund valuations and market values
Our working party, set up by the Research and Technical Support Committee of the Pensions Board, presented its paper "Pension Fund Valuations and Market Values" at a sessional meeting of the Institute of Actuaries in October 1999. It is presenting the same ... read more >>