Document library
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- Author:
- Pensions Board\; Wendy Beaver
Pensions Technical Memorandum. TM1: Statutory Illustrations of Money Purchase Benefits Version 1.1. Covering letter
The Pensions Board is today releasing TM 1 version 1.1 which has been approved by both The Actuarial Profession, the Secretary of State for Work and Pensions and the Department for Social Development in Northern Ireland. Faculty of Actuaries Maclaurin ... read more >>
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- Author:
- Faculty of Actuaries Students Society
Current topics 2005 (FASS)
Authors: Jemma Beattie Rhian Brown Kenny Ettles Mark Kernaghan Sieliang Lau Ian Laverty Roddy Macpherson Neil Meldrum 2 Acknowledgements 1. As ever, it should be noted that the views expressed in this paper are entirely those of the ... read more >>
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- Author:
- Disciplinary Board
Annual Report of the Disciplinary Board for 2004
The Faculty of Actuaries and the Institute of Actuaries deal with complaints about professional misconduct under the terms of their respective disciplinary schemes. Each body s scheme is part of its own Rules and/or Bye-Laws and so there are two separate ... read more >>
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- Author:
- Professional Affairs Board
Due process for approving professional guidance (DP). Version 4.1 [superseded]
Version 4.1 of Due Process comes into effect on 1 February 2005. Due Process sets out the process for approving Guidance Notes under either the Standard, Fast Track, or Technical Amendement processes. Keywords: professional guidance; guidance notes; GNs ... read more >>
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- Author:
- Life Office Taxation Working Party\; Steve Jones
Taxing the estate
This paper summarises the Inland Revenue's proposal, revealed in the Pre-Budget announcement, to increase the tax payable by with profit life companies. The article outlines the background and the effect of the change, as currently drafted, on a company ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 11. Responses to Working paper 3 entitled Projecting future mortality: A discussion paper and further commentary thereon
Continuous Mortality Investigation Mortality Committee Working Paper 11 Responses to Working Paper 3 entitled Projecting future mortality: A discussion paper and further commentary thereon January 2005 1 Continuous ... read more >>
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- Author:
- Andrew Barrie
- Source:
- Current Issues in Investment for Pensions Actuaries seminar 2005
DC schemes: stochastic modelling for financial planning (handouts)
1 DC Schemes: Stochastic Modelling for Financial Planning Andrew Barrie, Director, Barrie & Hibbert Founder, decisionsdecisions Wednesday 26 January 2005, Staple Inn Hall, London Agenda ?Issues facing DC schemes ?The role for stochastic planning ... read more >>
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- Author:
- Sir Derek Morris
Morris Review consultation meeting [mp3 sound file]
At this meeting Sir Derek Morris presents the key findings of his interim assessment paper. ... read more >>
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- Author:
- General Insurance Board\; Current Issues Committee
General Insurance Current Issues Newsletter, January 2005
Contents include: Catastrophes\; Regulatory issues\; Solvency issues\; International issues\; Government initiatives\; Claims/legal issues\; Court cases\; "Old news" previously published in The Actuary The Actuarial Profession making financial sense of ... read more >>
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- Author:
- Social Policy Board; Equity Release Working Party
Equity release report 2005. Volume 1: Main report
The Government is seeking to reduce the level of state retirement provision and expecting people to save increasing amounts for their retirement, at a time when slightly less than half the population of working age has pension savings in excess of state ... read more >>
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- Author:
- Social Policy Board\; Equity Release Working Party
Equity release report 2005. Volume 2: Technical supplement on pricing considerations
Volume 2 of the 2005 Equity Release Report is a technical supplement on pricing considerations. The Government is seeking to reduce the level of state retirement provision and expecting people to save increasing amounts for their retirement, at a time ... read more >>
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- Author:
- Reinsurance Bad Debt Provisions Working Party; Richard Bulmer (Chairman)
- Source:
- Advisory note
Reinsurance bad debt provisions for general insurance companies. With supplementary note October 2005
There is currently no standard approach to the assessment of reinsurance bad debt provisions. This paper covers: the principal actuarial issues which need to be considered when setting reinsurance bad debt provisions; possible methodologies which could be ... read more >>
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- Author:
- J B Crozet
- Source:
- General Insurance Convention 2005
Revenue management and insurance cycle
1 Revenue Management And Insurance Cycle Paper prepared for GIRO 2005 JB CROZET MSc FIA CFA FSS 2 Introduction This paper is a reflection on the optimal strategy for deploying a fixed amount of insurance ... read more >>
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- Author:
- Simon Sheaf
- Source:
- General Insurance Convention 2005
Claims inflation - The Scarlet Pimpernel of actuarial work (Handout)
1 Claims Inflation - The Scarlet Pimpernel of Actuarial Work Simon Sheaf Simon Brickman GIRO 2005 Will Forster 19 October 2005 Agenda Introduction Survey results Examples of current issues affecting claim frequency and severity Methods for estimating ... read more >>
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- Author:
- James Orr; Trevor Maynard
- Source:
- General Insurance Convention 2005
Update from the maths toolkit for actuaries' working party (Slides)
1 A Maths Toolkit for Actuaries James Orr & Trevor Maynard A Working Title Production Part I The Model Actuary The Rate of Change The Subject of Conjecture The Continuously Developing Profession Part II Academic Research Software Survey IT ... read more >>
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- Author:
- Rodney Bonnard; Simon Margetts
- Source:
- General Insurance Convention 2005
Credit risk (Handout)
1 Credit Risk 32nd ANNUAL GIRO CONVENTION The Imperial Hotel, Blackpool Credit Risk Contents Introduction Example Company and reinsurance protection Traditional Approach MultiNomial Parameter Uncertainty Momentum Dependency Conclusion and ... read more >>
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- Author:
- Hilary Johnson
- Source:
- Younger Members' Convention 2005
Actuaries as leaders (Handout)
1 2 3 4 5 6 7 ... read more >>
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- Author:
- P J L O'Keeffe; A J Desai; K Foroughi; G J Hibbett; A F Maxwell; A C Sharp; N H Taverner; M B Ward; F J P Willis
- Source:
- British Actuarial Journal [BAJ] (2005) 11(3): 407-496
Current developments in embedded value reporting
This paper reviews the developments in reporting of traditional embedded value and summarises some of the reasons why this is now undergoing change. It considers the purpose of an embedded value calculation and the effect of differing attitudes to risk. ... read more >>
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- Author:
- A D Wilkie; M P Owen; H R Waters
- Source:
- British Actuarial Journal [BAJ] (2005) 11(2): 199-312
Notes on options, hedging, prudential reserves and fair values
In this paper we present many investigations into the results of simulating the process of hedging a vanilla option at discrete times. We consider mainly a `maxi' option (paying Max(A, B)), though calls, puts and `minis' are also considered. We show the ... read more >>
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- Author:
- I Iqbal
- Source:
- British Actuarial Journal [BAJ] (2005) 11(1): 133-182
Effective decision making in a life company
In the recent past life companies have made many decisions which they have had cause to deeply regret. This paper looks at the range of decision making theories available. It then examines recent examples of decisions that had unfavourable consequences ... read more >>