Document library
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- Author:
- Jim MacLachlan
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Assessing the sponsor covenant (slides)
Jim MacLachlan The Institute of Actuaries 1st December 2005 212/8/2005 Background Schemes in deficit longevity equity returns interest rates Deficits are unsecured loans to sponsor Schemes are exposed to default risk Trustees need to be confident ... read more >>
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- Author:
- Neville McKay
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Independent employer covenant reviews. Providing trustees with an assessment on the strength of the employer (handouts)
1 1 Independent Employer Covenant Reviews Providing Trustees with an assessment on the strength of the employer 2 Independent Employer Covenant Review ( IECR ) Key Messages Trustees need to be fully engaged with management to ensure that its DB ... read more >>
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- Author:
- Richard Farr
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Actions trustees can take: the three Rs - recognise, react, resolve (slides)
Actions trustees can take The three R s - Recognise, react, resolve Who am I Richard is a Partner in HRS who is responsible for leading the Pension Deficit Solutions initiative within the firm He has recently advised both the Pension Protection Fund ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Per-policy coding guide for mortality and critical illness investigations, version 1.2
CMI Per-policy coding guide for mortality and critical illness investigations, version 1.2 1 Continuous Mortality Investigation ‘Per Policy’ Coding Guide for Mortality and Critical Illness Investigations Version 1.2 – including updates to ... read more >>
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- Author:
- Nick Forrester
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Incorporating sponsor covenant risk into actuarial advice (handouts)
1 Incorporating Sponsor Covenant Risk into Actuarial Advice Nick Forrester 01.12.05 Whether to incorporate? New methodology for Actuaries Basic theory exists Counterparty credit risk / default risk Basel II / capital requirement ... read more >>
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- Author:
- Neville McKay
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Independent employer covenant reviews. Providing trustees with an assessment on the strength of the employer (slides)
1 Independent Employer Covenant Reviews Providing Trustees with an assessment on the strength of the employer 2 Independent Employer Covenant Review ( IECR ) Key Messages Trustees need to be fully engaged with management to ensure that its DB scheme ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Per-policy coding guide for mortality and critical illness investigations, version 1.1
CMI Per-policy coding guide for mortality and critical illness investigations, version 1.1 1 Continuous Mortality Investigation ‘Per Policy’ Coding Guide for Mortality and Critical Illness Investigations Version 1.1 – includes Update 1 to ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 18. 1999-2002 critical illness experience: Feedback on WP14 and future work
Continuous Mortality Investigation Critical Illness Committee WORKING PAPER 18 1999-2002 Critical Illness experience: Feedback on Working Paper 14 and Future Work CONTENTS 1. INTRODUCTION 2 2. FEEDBACK RECEIVED ON ... read more >>
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- Author:
- Jim MacLachlan
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Assessing the sponsor covenant (handouts)
1 Assessing the Sponsor Covenant Jim MacLachlan The Institute of Actuaries 1st December 2005 211/28/2005 Background Schemes in deficit longevity equity returns interest rates Deficits are unsecured loans to sponsor Schemes are exposed to default ... read more >>
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- Author:
- Nick Forrester
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Incorporating sponsor covenant risk into actuarial advice (slides)
Sponsor Covenant Risk and Actuarial Advice Nick Forrester 03.04.06 How do traditional methodologies fit? Disclosure & advice Effect on management of schemes Trustee concerns Ensure payment of promised pension for scheme members Whilst trying not ... read more >>
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- Author:
- Pensions Board
GN16: Retirement benefit schemes - transfers without consent. Version 3.1 [adopted by BAS on 19 May 2006]
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/GN16 V3.1 B16.1 GN16: ... read more >>
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- Author:
- M Cardinale\; G Katz\; J Kumar\; J M Orszag
- Source:
- Sessional meeting paper
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- Author:
- M Cardinale\; G Katz\; J Kumar\; J M Orszag
- Source:
- Sessional meeting paper
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- Author:
- M Cardinale; G Katz; J Kumar; M Orszag
- Source:
- Sessional Meeting Paper
Background risk and pensions
This paper explores the effect of unhedgeable background risks such as mortality and labour risks (such as wages and turnover) on pension funding and finance. We explore the literature on the economics and finance of background risk and discuss its ... read more >>
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- Author:
- Pensions Board\; Wendy Beaver
GN16: Retirement benefit schemes - transfers without consent. Version 3.1. Covering letter
Faculty of Actuaries Maclaurin House 18 Dublin Street Edinburgh EH1 3PP Tel: +44 (0)131 240 1300 Fax: +44 (0)131 240 1313 e-mail: faculty@actuaries.org.uk www.actuaries.org.uk Institute of Actuaries Staple Inn Hall High Holborn London WC1V ... read more >>
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- Author:
- Pensions Board
GN16: Retirement benefit schemes - transfers without consent. Version 3.1. Track changes version
This copy of GN16 shows the track changes between versions 3.0 and 3.1. It is not part of the Manual of Actuarial Practice. MAP/GN16 V3.0 B16.1 THIS IS A TRACK CHANGES DOCUMENT AND NOT PART OF THE MANUAL OF ACTUARIAL PRACTICE GN16: Retirement Benefit ... read more >>
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- Author:
- Andy Scott
- Source:
- Current Issues in Pensions seminar, Autumn 2005
Current Issues for Trustees (handouts)
1 Current Issues for Trustees Andy Scott Punter Southall Agenda Trustee knowledge and training Assessing the employer covenant Conflicts of interest Trustee knowledge and training 2 What are Regulator s aims for TKU? Increase trustee confidence Know ... read more >>
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- Author:
- Mike Nichols
- Source:
- Strategic management of risk seminar, 23 November 2005
Strategic approach to risk management (handouts)
1 1 The Strategic Management of Risks 23 November 2005 2 Strategic approach to risk management Mike Nichols Chairman & Chief Executive, The Nichols Group Need for strategic approach Current focus mainly tactical - fixated on risk registers and ... read more >>
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- Author:
- Mike Nichols
- Source:
- Strategic management of risk seminar, 23 November 2005
Strategic approach to risk management (handouts)
1 4th Younger Members Convention The City Hall, Cardiff, 5-6 December 2005 Liability Driven Investment Competition Christopher Nichols FFA Investment Director, Standard Life Investments Liability Driven Investment Importance of interest rate risk ... read more >>
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- Author:
- Chris Lewin
- Source:
- Strategic management of risk seminar, 23 November 2005
Enterprise risk management - a structure for managing risks (handouts)
1 Enterprise Risk Management a structure for managing risks by Chris Lewin 23rd November 2005 Enterprise Risk Management Bringing it all together Holistic management of risk (not just silos) Culture and communications Role of Board and other ... read more >>