Document library
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- Author:
- Life Board
GN37: The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003. Version 2.0
This life insurance Guidance Note has been retained by the Actuarial Profession. MAP/GN37 V2.0 B37.1 GN37: The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003 Classification Paragraphs marked (M) and in bold ... read more >>
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- Author:
- Life Board
GN39: General responsibilities of and relationships between actuarial function holders, with-profits actuaries, appropriate actuaries, and reviewing actuaries, of UK life insurance firms and friendly societies. Version 2.1 [adopted by BAS on 19 May 2006]
This life 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/GN39 V2.1 B39.1 ... read more >>
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- Author:
- Life Board
GN39: General responsibilities of and relationships between actuarial function holders, with-profits actuaries, appropriate actuaries, and reviewing actuaries, of UK life insurance firms and friendly societies. Version 2.0
This life insurance Guidance Note has been adopted by the Board for Actuarial Standards. MAP/GN39 V2.0 B39.1 GN39: General Responsibilities of and Relationships between Actuarial Function Holders, With-Profits Actuaries, Appropriate Actuaries, and ... read more >>
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- Author:
- Life Board
GN40: The role of the actuarial function holder. Version 2.0 [adopted by BAS on 19 May 2006]
This life 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/GN40 V2.0 B40.1 ... read more >>
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- Author:
- Disciplinary Board
Annual Report of the Disciplinary Board of the Actuarial Profession for 2005
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:
- Laura Ballotta
Pricing and capital requirements for with profit contracts: modelling considerations
The aim of this paper is to provide an assessment of alternative frameworks for the fair valuation of life insurance contracts with a predominant financial component, in terms of impact on the market consistent price of the contracts, the options embedded ... read more >>
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- Author:
- Institute of Actuaries Designated Professional Body Committee
- Source:
- Institute of Actuaries DPB Committee
Compliance Bulletin 15, January 2006
Contents include: Markets and Financial Instrumentd Directive (MiFID)\; CP05/10 Reviewing the FSA Handbook\; DPB Education Seminar 10\905380_2 1 INSTITUTE OF ACTUARIES DPB COMPLIANCE BULLETIN NO. 15 (January 2006) Maclaurin House 18 Dublin ... read more >>
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- Author:
- Robert Hayes
- Source:
- Investment strategy for pensions actuaries seminar, 26 January 2006
LDI (liability driven investment) and return solutions. MLIM - Equity Manager perspective (handouts)
1 Portable Alpha: Potent or Pointless? Robert Hayes Strategic Advice Service BlackRock Agenda ? What is portable alpha? ? Why might it be attractive? ? Concept v reality ? Three forms of portable alpha ? Getting at Alpha ? Residual Beta ? Fees and ... read more >>
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- Author:
- Derivatives Working Party; Martin Muir
Credit derivatives
There is increasing interest amongst UK life insurers in using derivatives to manage the risks to which they are exposed. However, their experience of, and familiarity with, credit derivatives is often lower than for equity and interest rate derivatives. ... read more >>
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- Author:
- Chris Hartley
- Source:
- Investment strategy for pensions actuaries seminar, 26 January 2006
Liability driven investment. A bond manager's perspective (handouts)
1 PRESENTATION TO Pensions Actuaries Seminar PRESENTED BY Chris Hartley 26 January 2006 Liability Driven Investment A Bond Manager s Perspective 11V0791 Agenda Identifying pension scheme risks Hedging pension scheme risks The industry today Reducing ... read more >>
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- Author:
- Caroline Instance
- Source:
- Manchester Actuarial Society meeting, January 2006
The Actuarial Profession after the Morris Review
Actuarial Profession after the Morris Review Caroline Instance January 2006 Governance of Actuarial Profession Complex: two Councils, Meet as individually and as two Councils Delegate to FIMC Chief Executive heads up executive structure and sits on ... read more >>
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- Author:
- C J Exley\; A D Smith
- Source:
- Sessional meeting paper
The cost of capital for financial firms [mp3 sound file]
Most businesses have assets financed by capital providers. The cost of capital is a measure of the returns required by those capital providers. Its main use is to set a target for the profits, which must be achieved on the firm's assets in order to ... read more >>
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- Author:
- Jon Exley; Andrew Smith
- Source:
- Sessional meeting paper
The cost of capital for financial firms (paper)
Most businesses have assets financed by capital providers. The cost of capital is a measure of the returns required by those capital providers. Its main use is to set a target for the profits, which must be achieved on the firm's assets in order to satisfy ... read more >>
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- Author:
- D Blake; A J G Cairns; K Dowd
- Source:
- Sessional meeting paper
Living with mortality: longevity bonds and other mortality-linked securities
This paper addresses the problem of longevity risk - the risk of uncertain aggregate mortality - and discusses the ways in which life assurers, annuity providers and pension plans can manage their exposure to this risk. In particular, it focuses on how ... read more >>
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- Author:
- Tushar Chatterjee; Angus Macdonald; Catriona Macdonald; Edward Roche; Howard Waters
- Source:
- Faculty sessional meeting paper, 14 January 2008
The impact of mortality and lifestyle on mortality. Paper to be presented to the Faculty Sessional Meeting on 14 January 2008
Studying trends in mortality and morbidity has been at the core of traditional actuarial science since its beginnings. This paper summarises the research resulting from two initiatives by the profession designed to help actuaries and others gain a better ... read more >>
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- Author:
- Brandon Horwitz
- Source:
- Current issues in investment for pensions actuaries seminar, 13 February 2005
Swaps and other banking products (slides)
Swaps and Other Banking Products 13 February 2006 Brandon Horwitz European Pensions Group 020 7677 3411 brandon.horwitz@morganstanley.com Table of Contents The Actuarial Profession L:\Product Teams\Pensions\Brandon Horwitz\Conferences and other client ... read more >>
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- Author:
- David Forfar
Life office practice. Glossary of terms
LIFE OFFICE PRACTICE DEFINITIONS Prepared by David Forfar, MA, FFA, with the assistance of David Raymont, Librarian of Institute of Actuaries, London. Version 10/1/2002 A Accrued terminal bonus :- the part of the policy s asset share which has ... read more >>
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- Author:
- Joint Money Laundering Steering Group
Prevention of money laundering / combating the financing of terrorism. Guidance for the UK financial sector, Part 1
In the UK, there has been a long-standing obligation to have effective procedures in place to detect and prevent money laundering. Many of the procedures which will be appropriate to address these obligations are similar, and firms can often employ the ... read more >>
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- Author:
- Joint Money Laundering Steering Group
Prevention of money laundering / combating the financing of terrorism. Guidance for the UK financial sector, Part 2
In the UK, there has been a long-standing obligation to have effective procedures in place to detect and prevent money laundering. Many of the procedures which will be appropriate to address these obligations are similar, and firms can often employ the ... read more >>
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- Author:
- Disciplinary Review Working Party
Faculty of Actuaries disciplinary scheme (effective from 1 January 2004)
Faculty Disciplinary Scheme 2004. This disciplinary scheme replaces the current Rules 35-43 of the Faculty Rules and Bye-laws. It is a mirror scheme to that of the Institute so that, for the first time, members of both bodies face the same disciplinary ... read more >>