Document library
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Our assumptions about ageing and what we are doing about it (draft)
Demographic assumptions used in projecting aging costs. D R A F T Our Assumptions About Aging and What We Are Doing About It by Steven A. Nyce Watson Wyatt Worldwide and Sylvester J. Schieber Watson Wyatt Worldwide December 21, 2001 The opinions and ... read more >>
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GN1: Actuaries and long-term insurance business. Version 6.0
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/GN1 V6.0 ... read more >>
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GN8: Additional guidance for appointed actuaries and appropriate actuaries. Version 6.1
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/GN8 V6.1 ... read more >>
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The impact of FRS 16 on reported profits
This article considers some of the background to calculating pre-tax embedded value profits and reviews the possible impact on the tax rate assumed for grossing up profits. The impact of FRS16 on reported profits Actuarial Profession Life Office Taxation ... read more >>
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Taxation of disability business
This note considers the taxation of non-profit disability business in a proprietary company. Whilst the business is basically taxed on a gross basis, there are a number of surprising issues which arise. Taxation of disability business Actuarial ... read more >>
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CMI Report 20. Whole volume
The mortality in 1987-90 and 1991-94 of lives assured under permanent (whole life and endowment) assurances, according to cause of death; Mini-graduations of the mortality experience of smokers and non-smokers for assured lives; The mortality of impaired ... read more >>
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Budget March 2001. Impact of changes on life insurance taxation
Although the Chancellor's speech and subsequent press coverage made no reference to effects on the life assurance and mutual funds industry, there were some modest impacts. Budget March 2001 Actuarial Profession Life Office Taxation Working Party April ... read more >>
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Transparent with-profits - freedom with publicity
With-profits business has flourished for over a century as a means of providing access to equity-type investment whilst smoothing the volatility risk. Today's world demands greater transparency and with-profits has come under increasing criticism in this ... read more >>
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The Inland Revenue website
What you can find on the Inland Revenue website. The Inland Revenue Website Actuarial Profession Life Office Taxation Working Party January 2001 Goodbye Hector . The Inland Revenue have sacked their most famous member of staff. This vital piece of ... read more >>