Document library
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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:
- Richard Care; Jacqueline Fenech
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- Life Convention 2006
Solvency II. Challenges and industry impact (handout)
1 Solvency II Challenges and industry impact Richard Care Jacqueline Fenech Solvency II Agenda: ?What is Solvency II and where is it up to ?Quantitative Impact Study II (QISII) ?Assessment of Impact ?Future Challenges ?Timetable Background: Solvency I ... read more >>
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- Author:
- Jon Exley; Andrew Smith
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- British Actuarial Journal [BAJ] (2006) 12: 229-301
The cost of capital for financial firms
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:
- Jon Exley
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- Younger Members' Convention 2005
Coming to terms with reality (Handout)
1 1 The Actuarial Profession making financial sense of the future Coming to Terms with Reality Jon Exley Younger Members Convention Tuesday 6 December 2005 Jon.Exley@barclayscapital.com 2 Agenda Actuaries and interest rates Actuaries and the long ... read more >>
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- Author:
- Christopher Nichols, Investment Director, Standard Life Investments
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- Younger Members' Convention 2005
Liability driven investment competition
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:
- Sebastian Catovsky
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- General Insurance Convention 2005
Financial risks of climate change (Handout)
1 Financial Risks of Climate Change Dr Sebastian Catovsky Policy Adviser, Natural Perils 32nd Annual GIRO Convention 18 October 2005 Role of Insurance in Weather Protection • Spreading risk • Protection for occasional, unexpected weather • Risk ... read more >>
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- Author:
- Alvar Chambers; Andrew Barnes; Matthew Barnes; Leon Beukes; D E Dyer; Paul Fulcher; Malcom Kemp; Adrian Lawrence; Charles Tatham; Natalie Winter
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- Finance and Investment Conference 2005
Liability driven benchmarks for UK defined benefit pension schemes
1 LIABILITY DRIVEN BENCHMARKS FOR UK DEFINED BENEFIT PENSION SCHEMES BY A.J. CHAMBERS, A.E. BARNES, M. BARNES, L.J. BEUKES, D.E. DYER, P. FULCHER, M.H.D. KEMP, A.M. LAWRENCE, C.D. TATHAM, N.M. WINTER [Presented to the Institute of Actuaries ... read more >>
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- Author:
- Martyn Dorey; Philippe Joubert; Coomaren Vencatasawmy
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- Finance and Investment Conference 2005
The risk ridge
The risk ridge Martyn Dorey Phil Joubert Coomaren Vencatasawmy 20 June 2005 2 1. Introduction In 1952, Harry Markowitz [1] developed the basic techniques for portfolio optimisation- usually referred to as mean-variance analysis that is ... read more >>
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- Author:
- Philippe Joubert
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- Finance and Investment Conference 2005
Stochastic volatility models: considerations for the lay actuary
Stochastic models for asset prices processes are now familiar to actuaries. Many of the models used in life office and pension fund valuation and asset-liability modelling studies assume deterministic volatility parameters. Empirical evidence however, ... read more >>
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- Author:
- Robert Howie; Shalin Bhagwan; Leon Beukes; Harjeet Cheema; Con Keating; Khurram Mirza; Ian Morley; Yasmin Saltuk
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- Finance and Investment Conference 2005
Hedge funds
Hedge Funds Examining the Potential Benefits and Risks of Hedge Fund Investing Robert Howie (Chair), Shalin Bhagwan, Leon Beukes, Harjeet Cheema, Con Keating, Khurram Mirza, Ian Morley, Yasmin Saltuk Abstract Hedge funds continue to interest ... read more >>
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- Author:
- Paul Sweeting
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- Finance and Investment Conference 2005
Funding and asset allocation strategies - why firms and trustees behave as they do
An Analysis and Critique of the Methods Used by Rating Agencies Report of FIB Credit Working Party Presented to the Joint Faculty and Institute of Actuaries 2004 Finance & Investment Conference 29 June 2004 ... read more >>
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- Author:
- Martyn Dorey; Philippe Joubert
- Source:
- Finance and Investment Conference 2005
Modelling dependencies: an overview
1 Modelling dependencies: An Overview Martyn Dorey Phil Joubert Coomaren Vencatasawmy Presented to the Finance & Investment Conference, 19-21 June 2005, Whittlebury Hall, Silverstone 2 1 Introduction In 1888, Francis Galton ... read more >>
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- Author:
- Jiajia Cui; Frank de Jong; Eduard Ponds
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- Finance and Investment Conference 2005
The value of intergenerational transfers within funded pension schemes
The value of intergenerational transfers within funded pension schemes∗ Jiajia Cui† Frank de Jong‡ Eduard Ponds§ May 23, 2005 Abstract In this paper we model the transfers of value between the various generations in a ... read more >>
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- Author:
- Paul Stanworth; Ian Sykes; Andrew Smith
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- Finance and Investment Conference 2005
To hedge or not?
To Hedge or Not? By Paul Stanworth, Ian Sykes and Andrew Smith Finance & Investment Conference, 19-21 June 2005, Whittlebury Hall, Silverstone Paul.Stanworth@rbos.com ian.sykes@kpmg.co.uk andrewdsmith8@deloitte.co.uk This session will ... read more >>
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- Author:
- Terry Simmons
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- Pensions Convention 2005
Financing the deficit (handout)
1 Financing the deficit human resource services human resource services Pension deficit funding Terry Simmons human resource services The pension scheme problem – the deficit ? Many UK pension schemes currently have a deficit ? Primarily caused by ... read more >>
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- Author:
- Kevin Coomber
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- Pensions Convention 2005
Defined contribution (DC) investment issues (handout)
1 Annual Pensions Convention 2005 The De Vere Grand Hotel, Brighton, 5-7 June DC Investment Issues Challenges Facing Trustees Offer appropriate range of vehicles Offer freedom of choice of funds Offer freedom of choice of timing When do you fire an ... read more >>
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- Author:
- Clive Fortes
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- Pensions Convention 2005
Finance Act 2004: Looking after the ordinary member (handout)
1 Finance Act 2004 Looking after the ordinary member Clive Fortes Partner Hymans Robertson LLP Agenda Overview New design opportunities Administration implications What are others doing What s next? Overview 2 The new regime Lifetime Fund ... read more >>
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- Author:
- Chris Hatry; Stuart Steven
- Source:
- Pensions Convention 2005
Recent developments in bond investment (handout)
1 Recent Developments in Bond Investment Stuart Steven Chris Hatry Recent Developments in Bond Investments Credit Spreads and the Quest for Yield Supply and Demand for Long Bonds Credit Default Swaps & CDOs Synthetic RPI & LPI ... read more >>
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- Author:
- Robert Brown
- Source:
- Pensions Convention 2005
Alternative investments (handout)
1 Alternative investments Robert Brown Partner, Watson Wyatt LLP 6 June 2005 Copyright © Watson Wyatt Worldwide. All rights reserved. Page 1. Are equities the only growth asset? 6 Risk budgeting: constructing the most efficient portfolio 2. Are ... read more >>