Document library
-
The CMI Library of mortality projections (slides)
The CMI “library” of mortality projections Edinburgh 18 July 2007 London 20 & 26 July 2007 Agenda ? Introduction Nick Dumbreck ? Background to the “library” Gordon Sharp ? The draft “library” in detail Dave Grimshaw ? What happens next? ... read more >>
-
Enterprise Risk Management (ERM) Working Party. Overview and summary
GIRO – ERM Working Party Overview and Summary: July 2007 2006/07 Cherry Chan Brian Foley Sejal Haria Paul Hewett Neil Hilary Kathryn Morgan George Orros Geoff Perry Kartina Tahir-Thomson Michael Tripp 2005/06 Brian Foley Sejal Haria ... read more >>
-
Annual Report of the Disciplinary Board of the Actuarial Profession for 2006
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 >>
-
Note on Professional Indemnity Insurance requirements
The Institute of Actuaries requires licensed firms to effect and maintain Professional Indemnity Insurance (PII) in accordnce with Annex 8A of the DPB Handbook. This note outlines the requirements, but reference should be made to Annex 8A of the DPB ... read more >>
-
Advising pension trustees - funding and recovery plans (handouts)
1 PUTTING ECONOMICS INTO PENSION FUNDS 26TH JUNE 2007, LONDON Advising Pension Trustees – Funding and Recovery Plans Peter Bowers & Ian Shepherd Mercer Agenda ? The valuation process ? How much risk? ? Company covenant assessment ? Actuarial ... read more >>
-
Structured products, credit derivatives and pensions (handouts)
1 PUTTING ECONOMICS INTO PENSION FUNDS 26TH JUNE 2007, LONDON Structured Products: Credit derivatives and pensions Kerrigan Procter, Legal & General Investment Management Introduction Credit products How they can be used by pension schemes Relevant ... read more >>
-
Pensions accounting and the impact on investors. Proper understanding of financial statements (handouts)
1 Current Issues in Pensions Scheme Funding Agenda ?The Scheme Funding Requirements ? Timing and transition ? Funding and the Pension Protection Fund ? Funding, debt and statutory priority order ? Funding and closed schemes The Scheme Funding ... read more >>
-
Pensions accounting and the impact on investors. Proper understanding of financial statements (handouts)
1 Pensions Accounting and the Impact on Investors Proper understanding of Financial Statements Steve Cooper Managing Director, UBS Investment Research +44 20 7568 1962 stephen.cooper@ubs.com Analyst certification and required disclosures begin on page ... read more >>
-
Modelling the fair value of annuities contracts: the impact of interest rate risk and mortality risk
Faculty of Actuarial Science and Insurance Modelling the Fair Value of Annuities Contracts: The Impact of Interest Rate Risk and Mortality Risk Laura Ballotta, Giorgia Esposito and Steven Haberman Actuarial Research Paper No. ... read more >>
-
Overview of GIRO Working Parties: 2006 - Reinsurance matters! 2007 - Reinsurance credit risks
OVERVIEW OF GIRO WORKING PARTIES: 2006 – REINSURANCE MATTERS! 2007 – REINSURANCE CREDIT RISKS Mark Flower 21 June 2007 Copyright Gallagher Re 2007 2006 – Reinsurance Matters! ? Our catalyst ? The team ? Why it matters ? ‘Blue Peter’ ? ... read more >>
-
Meeting the needs of maturing pension policyholders. Response by the Actuarial Profession to the Thorensen review of generic financial advice.
Response to the Thorensen review of generic financial advice prepared by the social policy board's financial consumer support committee on behalf of the Actuarial Profession. consultation response June 2007 Meeting the needs of maturing pension ... read more >>
-
Local Actuarial Societies Group minutes. 18 June 2007
Regional Societies – 18 June 2007 1 The Actuarial Profession MINUTES of a meeting of the Honorary Secretaries of Local Actuarial Societies held on Monday 18 June 2007 at Staple Inn Present: Mike Kipling Chairman Barbara Beebee Secretary ... read more >>
-
Professional Conduct Standards (referred to as the PCS). Version 3.0 [current]
PCS V3.0 1 PROFESSIONAL CONDUCT STANDARDS referred to as the PCS MEMBERS ARE REMINDED THAT THEY MUST ALWAYS COMPLY WITH THE PROFESSIONAL CONDUCT STANDARDS (PCS) AND THAT OTHER PROFESSIONAL STANDARDS IMPOSE ADDITIONAL REQUIREMENTS UNDER SPECIFIC ... read more >>
-
Practical implementation of liability driven investment
Practical implementation of Liability Driven Investment by The Finance, Investment & Risk Management Board Working Party Presented to the Finance, Investment and Risk Management Conference of the Actuarial Profession, Dublin, June ... read more >>
-
Applied behavioural finance. Insights into irrational minds and markets (handouts)
1 Applied behavioural Finance Insights into irrational minds and markets Please refer to the Disclosure Appendix for all relevant disclosures and our disclaimer. In respect of any compendium report covering six or more companies, all relevant ... read more >>
-
The mis-selling of investment risk in mandatory pension savings (handouts)
1 The Mis-selling of Investment Risk in Mandatory Pension Savings Shane Whelan University College Dublin Outline ? Background/context ? A system to last 100 years and more ? Unusual internationally ? Ireland’s current system ? A snapshot of how it ... read more >>
-
To what extent does a conflict exist between risk management that benefits regulators compared to risk management that benefits shareholders?
TO WHAT EXTENT DOES A CONFLICT EXIST BETWEEN RISK MANAGEMENT THAT BENEFITS REGULATORS COMPARED TO RISK MANAGEMENT THAT BENEFITS SHAREHOLDERS? CON KEATING FINANCE DEVELOPMENT CENTRE LONDON JANUARY 2007 ... read more >>
-
To what extent does a conflict exist between risk management that benefits regulators compared to risk management that benefits shareholders? Model
Finance, Investment & Risk Management Conference 2007, Dublin Session A2 Model – Con Keating There is a single long term product offered by all insurers. The effect of regulation upon the insurer is to raise the costs of production. This ... read more >>
-
Understanding the risks in new asset classes
1 UNDERSTANDING THE RISKS IN NEW ASSET CLASSES Christopher Chappell, Parit Jakhria, Johann Marais, Andrew Smith 1. Introduction The eternal search for alpha in benign financial markets has created increased pressure on investors to add new asset ... read more >>
-
Presentation by the Practical implementation of Liability Driven Investment Working Party (handouts)
1 Practical implementation of Liability Driven Investment Working Party Paul Fulcher, UBS Investment Bank and Steven Catchpole, PricewaterhouseCoopers Finance & Risk Management Conference, June 2007 Working Party members ? Paul Fulcher (UBS) ? ... read more >>