Document library
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- Author:
- Institute of Actuaries Designated Professional Body Committee
Compliance Bulletin 7 - FSA note, September 2003
Extending the Part XX regime for exempt professional firms carrying on insurance mediation and mortgage activities. Note from the FSA FSA Newsletter, July 2003 Extending the Part XX regime for exempt professional firms carrying on insurance mediation ... read more >>
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- Author:
- Malcolm Burford
- Source:
- Finance and Investment Conference 2003
An actuarial framework for the selection of ordinary shares
The paper briefly explores the role of the securities analyst in the investment industry and the special skills that are generally considered valuable in that role. Finance and Investment Conference 2003 Session G1 - An actuarial framework for the ... read more >>
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- Author:
- Derek Bagnall
- Source:
- Finance and Investment Conference 2003
Asset and liability modelling questionnaire
Faculty & Institute of Actuaries: Finance and Investment Board Research Working Party Asset and Liability Modelling Questionnaire Draft 6 June 2003 Questions marked (*) are for pension schemes only Questions marked (‡) are for life insurers ... read more >>
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- Author:
- Professor John Kay
- Source:
- Finance and Investment Conference 2003
Risk and reality
Models seem to mislead us as often as they help us. And we seem to find the simple logic and mathematics of probability unexpectedly hard. Perhaps this is because they are not as useful to us as those of us who are good at building models and calculating ... read more >>
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- Author:
- Alan Pendleton
- Source:
- Finance and Investment Conference 2003
The Put Principle: a unified theory of capital market pricing
This paper develops a unified theory for the pricing of capital market assets that is consistent across all classes of assets: equities, bonds, currencies and derivatives. THE PUT PRINCIPLE A UNIFIED THEORY OF CAPITAL MARKET PRICING. ABSTRACT ... read more >>
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- Author:
- Jon Exley; Andrew Smith
- Source:
- Finance and Investment Conference 2003
The cost of capital for financial firms (slides)
The Actuarial Profession making financial sense of the future Finance & Investment Conference 2003 The Caledonian Hilton Hotel, Edinburgh The Cost of Capital for Financial Firms Jon Exley and Andrew Smith Applications of Financial Theory Working ... read more >>
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- Author:
- Graham Cottingham; Brian Morrissey
- Source:
- Finance and Investment Conference 2003
Challenges to best practice in corporate governance in life offices (slides)
abcd Finance & Investment Conference 22-24 June 2003 The Caledonian Hilton Hotel, Edinburgh Challenges to Best Practice in Corporate Governance in Life Offices Graham Cottingham, Brian Morrissey Agenda Introduction Emerging themes Life ... read more >>
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- Author:
- Investment Risk Working Party; Mike Brooks (Chairman)
- Source:
- Finance and Investment Conference 2003
Active management or the equity risk premium: place your bets (Slides)
abcd Active Management or the Equity Risk Premium: Place Your Bets Investment Risk Working Party Finance and investment Conference 22-24 June 2003 A Perfect Storm? Market-based valuations Weak equity markets Greater trustee accountability Media ... read more >>
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- Author:
- Peter Caslin (Chairman)
- Source:
- Finance and Investment Conference 2003
Alternative investments for life assurance companies and pension funds
The main purpose of the paper was to review the issues which arise for life assurance companies, product development actuaries and appointed actuaries in relation to unit linked life assurance products where the link is to some form of ... read more >>
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- Author:
- John Hibbert
- Source:
- Finance and Investment Conference 2003
The dynamics of annuity pricing, credit, mortality risk and capital management for UK life offices
1 The Dynamics of Annuity Pricing, Credit, Mortality Risk & Capital Management for UK Life Offices John Hibbert 23rd June 2003 Finance & Investment Conference 2 Overview • Some background on the annuity market. • What policy questions do we ... read more >>
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- Author:
- Gordon Bagot\; Seth Armitage
- Source:
- Finance and Investment Conference 2003
What has the manager done for me? A value-based approach to investment performance measurement
In many circumstances it is unsatisfactory to measure portfolio performance using time-weighted rates of return. There are well known problems with performance attribution analysis using time-weighted returns in a multi-interval context, and it is ... read more >>
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- Author:
- Thomas Weber
- Source:
- Finance and Investment Conference 2003
Hedge funds - panacea or pure speculation?
“Hedge Funds – Panacea or Pure Speculation” Thomas Weber, LGT Capital Partners Finance & Investment Conference 2003 – “Invest or Insure” Edinburgh, June 23, 2003 LGT Capital Partners AG, Churerstrasse 122, CH-8808 Pfäffikon, Switzerland Telephone ... read more >>
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- Author:
- Stephen Carlin; Andrew Smith
- Source:
- Finance and Investment Conference 2003
The importance of being normal
Analysts have used a variety of statistical distributions to model losses due to operational risks or insurance claims. In contrast, the normal distribution is the undisputed queen of capital market models. This paper examines an alternative family of ... read more >>
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- Author:
- Working Party on Absolute Return Funds; Robert Howie (Chairman)
- Source:
- Finance and Investment Conference 2003
Absolute return funds and institutional investors (Slides)
abcd Absolute Return Funds and Institutional Investors Robert Howie 23 June 2003 The Caledonian Hilton Hotel, Edinburgh Introduction Absolute Return: e.g. 10% p.a. Relative Return: e.g. MSCI World + 1% p.a. Think of “absolute return” ... read more >>
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- Author:
- Tom Wilson and Ramy Tadros
- Source:
- Finance and Investment Conference 2003
Risk based capital - convergence of banking and insurance risk managment
Risk Based Capital: Convergence of Banking and Insurance Risk Management Thomas C. Wilson, Managing Director, Head Finance and Risk Practice Ramy Tadros, Senior Job Manager, Insurance Practice Use this cover page for internal presentations C O N F I D E ... read more >>
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- Author:
- FIB Working Party; Paul Sweeting (Chairman)
- Source:
- Finance and Investment Conference 2003
Bond asset management - an overview (slides)
abcd Finance & Investment Conference Bond Asset Management – An Overview Paul Sweeting 22-24 June 2003 The Caledonian Hilton Hotel, Edinburgh Topics Types of bonds and their components Credit ratings Bond pricing Benchmarks and ... read more >>
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- Author:
- Finance & Investment Board
- Source:
- Response from the Actuarial Profession
21st century investment inquiry
In August 2002 the Centre for Tomorrow's Company, a business think tank set up by the Royal Society of Arts, after a Charles Handy lecture asking 'what is a company for?', initiated the 21st Century Investment Inquiry. The profession's response is set out ... read more >>
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- Author:
- Paul Dickinson\; Nick Silver
- Source:
- Social Policy and the Public Interest seminar, 9 June 2003
Actuaries, environmental policy and the public interest
Why should actuaries be interested in the environment? Actuaries, Environmental Policy and the Public Interest By Nick Silver and Paul Dickinson To be presented at the Actuarial Profession’s Social Policy and the Public Interest event at the Institute of ... read more >>
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- Author:
- David Lewis
- Source:
- Social Policy and the Public Interest seminar, 9 June 2003
Ageing population group
The ageing population group is a committee of the social policy board. The current ageing population group is a merger of the original ageing population group and the pension provision taskforce. Ageing Population Group By David Lewis To be presented at ... read more >>
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- Author:
- Alan Goodman\; Brian Murray\; Ian Woods
- Source:
- Social Policy and the Public Interest seminar, 9 June 2003
Financial Consumer Support Committee and consumer risk research
Financial Consumer Support Committee and Consumer Risk Research By Alan Goodman, Brian Murray and Ian Woods To be presented at the Actuarial Profession’s Social Policy and the Public Interest event at the Institute of Actuaries on 9 June 2003 Financial ... read more >>