Document library
-
Enterprise Risk Management (ERM) Practice Area and Risk Management Interest Group (RMIG). Newsletter 3. July 2008
ERM Practice Area and Risk Management Interest Group (RMIG) • ERM Practice Area (Vision and Strategic Objectives) • 2008 FIERM Conference papers • 2009 Conference (to be renamed, “FIERM” alternative yet to be decided) • ERM Networking evening • ... read more >>
-
- Author:
- Martin Lowes
- Source:
- Pensions Accounting Reform networking evening, 1 July 2008
Response from the Actuarial Profession
Response to the IASB Pensions Discussion paper 1 Response from Actuarial Profession Martin Lowes ASB – what we don’t say Marking to market is wrong or right Measuring at risk-free discount rate is wrong or right ASB – what we do say Proposals (right or ... read more >>
-
- Author:
- Crispin Southgate
- Source:
- Pensions Accounting Reform networking evening, 1 July 2008
Pensions accounting reform
Institutional Investment Advisors Limited Pension Accounting Reform Staple Inn, London 1 July 2008 Crispin Southgate www.ininad.co.uk Institutional Investment Advisors Limited is authorised and regulated by the FSA Introduction ? User and analyst ... read more >>
-
- Author:
- John Whitley
- Source:
- Pensions Accounting Reform networking evening, 1 July 2008
IASB Pensions Discussion Paper - a corporate perspective
1 Presentation title here 00.00.00 page 1 IASB Pensions Discussion Paper A corporate perspective Presenter: John Whitley Presentation title here 00.00.00 page 2 IASB PENSIONS DISCUSSION PAPER Agenda • Background • Deferred recognition • ... read more >>
-
- Author:
- Life Assurance Practice Executive Committee
Life CPD Committee terms of reference
Life CPD Committee Terms of Reference 1 To identify subjects suitable for CPD provision for life actuaries with the aim of promoting the principle of lifelong learning and sharing of best practice, while ensuring that there is adequate ... read more >>
-
- Author:
- John Whitley
- Source:
- Pensions Accounting Reform networking evening, 1 July 2008
IASB Pensions Discussion Paper - a corporate perspective. Appendix
IASB PENSIONS DISCUSSION PAPER - 1 - APPENDIX A PRESENTATION OF DB SCHEME EXPENSES IN FINANCIAL STATEMENTS Discussion paper approaches Item Current IAS 19 treatment 1 2 3 Current service cost Income statement Income statement ... read more >>
-
- Author:
- Nigel Masters
Flourishing in a changing employment landscape. Presidential Address, Institute of Actuaries 2008
It has been a natural consequence of a long period of change and necessary focus on internal structures that members can feel that the Profession is not interested in the concerns of individuals but is only focused on administration and procedure. This is ... read more >>
-
- Author:
- Nigel Masters
Flourishing in a changing employment landscape. Presidential Address, Institute of Actuaries 2008 (mp3 sound file)
mp3 sound file of the Presidential Address. ... read more >>
-
- Author:
- Pensions Practice Executive Committee
- Source:
- Response from the Actuarial Profession
Actuarial mortality assumptions: Discussion paper from the Board for Actuarial Standards. Comments from the Actuarial Profession
In its response to this Discussion Paper from the Board for Actuarial Strandards, the Actuarial Profession recognises the importance of delivering a standardised approach to the development and application of mortality assumptions and is keen to work ... read more >>
-
- Author:
- Disciplinary Board
- Source:
- Disciplinary Tribunal Panel determination report
Report of a determination of a Disciplinary Tribunal Panel. Mr Peter David Whitehead (the respondent)
Institute of Actuaries disciplinary procedures for members Report of a determination of a Disciplinary Tribunal Panel Mr Peter David Whitehead (the Respondent) On 27 June 2006 a Disciplinary Tribunal Panel met to consider three charges. Each ... read more >>
-
- Author:
- Continuous Mortality Investigation
CMI Per-policy coding guide for mortality and critical illness investigations, version 1.3
CMI Per-policy coding guide for mortality and critical illness investigations, version 1.3 1 Continuous Mortality Investigation ‘Per Policy’ Coding Guide for Mortality and Critical Illness Investigations Version 1.3 – including updates to ... read more >>
-
- Author:
- Jim Gustafsson
- Source:
- General Insurance Convention 2008
A mixing severity model incorporating three sources of data for operational risk quantification
To meet the new Solvency II Directive for operational risk capital assessment, an insurance company’s internal model should make use of internal data and relevant external information. One of the unresolved challenges with operational risk quantification ... read more >>
-
- Author:
- Seamus Creedon
- Source:
- Finance, Investment and Risk Management Conference 2008
Discount rates for valuation, including taking account of liquidity
1 Discount rates for valuation, including taking account of liquidity Seamus Creedon (Working Party Chairman) 15-17 JUNE 2008 HILTON DEANSGATE, MANCHESTER Background ? Extensive feedback to IASB on discount rate elements of DP ? Apparent disagreement ... read more >>
-
- Author:
- Viktor Mirkin
- Source:
- Finance, Investment and Risk Management Conference 2008
SWAPS and SWAPTIONS Interest rate risk exposures
1 FINANCE, INVESTMENT & RISK MANAGEMENT CONFERENCE 15-17 JUNE 2008 HILTON DEANSGATE, MANCHESTER SWAPS and SWAPTIONS Interest Rate Risk Exposures Viktor Mirkin vmirkin@deloitte.co.uk 17 JUNE 2008 HILTON DEANSGATE, MANCHESTER Outline ?Cash flow ... read more >>
-
- Author:
- Cormac Bradley
- Source:
- Finance, Investment and Risk Management Conference 2008
When theory and practice are not always the same. Earning Libor on cash is easy - isn't it?
Presentation Title Tuesday, 10 June 2008 1 © 2008 Towers Perrin When theory and practice are not always the same Earning Libor on cash is easy – isn’t it? © 2008 Towers Perrin 2 Agenda ? Case study - pension fund de-risking ? The challenge to ... read more >>
-
- Author:
- David Cule
- Source:
- Finance, Investment and Risk Management Conference 2008
The market value of pension liabilities (handouts)
1 FINANCE, INVESTMENT & RISK MANAGEMENT CONFERENCE 15-17 JUNE 2008 HILTON DEANSGATE, MANCHESTER The market value of pension liabilities ? What is the “correct” way to price a defined benefit pension obligation? ? Do all market participants ... read more >>
-
- Author:
- John McManus
- Source:
- Finance, Investment and Risk Management Conference 2008
Commodities: A strategic asset allocation [handouts]
1 FINANCE, INVESTMENT & RISK MANAGEMENT CONFERENCE 15-17 JUNE 2008 HILTON DEANSGATE, MANCHESTER Commodities: A Strategic Asset Allocation? John.McManus@union-investment.de Commodities: A Distinct Asset Class ?Valuation: bonds & equities ... read more >>
-
- Author:
- Martin Weale
- Source:
- Finance, Investment and Risk Management Conference 2008
Annuities and aggregate morality risk: mountains out of molehills (handouts)
1 FINANCE, INVESTMENT & RISK MANAGEMENT CONFERENCE 15-17 JUNE 2008 HILTON DEANSGATE, MANCHESTER Annuities and Aggregate Mortality Risk: Mountains out of Molehills “Even actuaries recognize that longer life is a good thing – but, to the extent ... read more >>
-
- Author:
- Ralph Frankland; Andrew Smith
- Source:
- Finance, Investment and Risk Management Conference 2008
Extreme events deriving tail probabilities for economic distributions relevant to individual capital assessents
EXTREME EVENTS DERIVING TAIL PROBABILITIES FOR ECONOMIC DISTRIBUTIONS RELEVANT TO INDIVIDUAL CAPITAL ASSESSMENTS Ralph Frankland and Andrew Smith Members of the LPEC Benchmarking Stochastic Models Working Party Extreme Events A game of two halves: ... read more >>
-
- Author:
- Ralph Frankland; Enrico Biffis; David Dullaway; Seth Eshun; Andy Holtham; Andrew Smith; Elliot Varnell; Tim Wilkins
- Source:
- Finance, Investment and Risk Management Conference 2008
Components of yield curve movements. Illustrative worked examples. An Interim Report of the Stress Test Working Party
DRAFT Working Paper Components of Yield Curve Movements Illustrative Worked Examples An Interim Report of The Stress Test Working Party Finance, Investment and Risk Management Convention June 2008 Working party members: Ralph Frankland ... read more >>