Document library
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- Author:
- David Chitty
- Source:
- Pensions Convention 2003
Financial reporting developments (handout)
1 Creating value for clients FINANCIAL REPORTING DEVELOPMENTS Presentation by David Chitty ChantreyVellacottDFK Introduction • FRS 17 Retirement benefits • UK / IFRS Convergence • FRED 31 Share based payments • UITF Abstract 32 Employee ... read more >>
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- Author:
- Tom Gosling
- Source:
- Pensions Convention 2003
Stochastic valuations in reward design (slides)
1 abcd Tom Gosling Stochastic valuations in reward design 2003 Pensions Convention 1 - 3 June Grand Hotel, Brighton INTRODUCTION n Why use stochastic valuations? n How the models work n Examples n Opportunities for actuaries WHY USE STOCHASTIC ... read more >>
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- Author:
- Chris Erwin
- Source:
- Pensions Convention 2003
Investment structures for defined contribution (DC) schemes (handout)
1 abcd Institute & Faculty of Actuaries 2003 Pensions Convention Investment Strategies for DC Schemes Chris Erwin Investment Principal Aon Consulting Ltd Risk Characteristic of DC ? Doesn’t elimate risk, exchanges it ? Should eliminate mismatch ... read more >>
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- Author:
- Paul Bostock
- Source:
- Pensions Convention 2003
The equity premium (handout)
1 abcd 2003 Pensions Convention 1 - 3 June Grand Hotel, Brighton abcd The Equity Premium Paul Bostock GMO 3The Equity Premium Puzzle: A Resolution – February 2003 GMO The equity premium puzzle In the 20th Century equities beat bonds and cash by 6% ... read more >>
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- Author:
- Mike Pomery
- Source:
- Pensions Convention 2003
A workable scheme-specific funding standard
Pensions Convention 2003 Session B01 - A workable scheme-specific funding standard Mike Pomery, Hewitt Bacon & Woodrow SUMMARY Introduction The Minimum Funding Requirement (MFR) came into force in April 1997, and requires private sector defined ... read more >>
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- Author:
- Matthew Pearlman
- Source:
- Pensions Convention 2003
Employee share options - modelling and accounting (handout)
Lane Clark & Peacock Matthew Pearlman Lane Clark & Peacock June 2003 Employee Share Options Modelling and Accounting www.lcp.uk.com Lane Clark & PeacockEmployee share options nWhat are employee share options nThe new accounting rules nWhat ... read more >>
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- Author:
- Andrew Smith; Cliff Speed
- Source:
- Pensions Convention 2003
Lessons from financial economics
Sheet1 Chief Assumptions Encountered in Financial Economics by Andrew Smith and Cliff Speed Pre-amble: Most pension actuaries are aware of the potential conflicts between pensions practice and financial economics. But financial economics, we are ... read more >>
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- Author:
- Peter Brackett
- Source:
- Pensions Convention 2005
Update on Myners (handout)
1 Annual Pensions Convention 2005 The De Vere Grand Hotel, Brighton, 5-7 June Agenda Overview - the Myners' timeline The need for a review - what did the government perceive as being wrong Key findings and recommendations of the review Initial impact ... read more >>
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- Author:
- David McCarthy
- Source:
- Pensions Convention 2005
The economics of pension scheme design (handout)
1 The Economics of Pension Scheme Design David McCarthy Introduction • Occupational pensions are part of employment contracts – They compensate workers for effort…. – … and fulfill firm objectives • Good pension scheme design takes account both ... read more >>
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- Author:
- Paul Masters
- Source:
- Pensions Convention 2006
Options for bridging the funding gap (handout)
1 1 Options for bridging the funding gap Paul Masters June 2006 2 Contents Introduction What this is not about Why the deficit is unique Employer covenant Traditional options Contingent assets Credit default swaps Summary Questions 3 Introduction Schemes ... read more >>
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- Author:
- Charles Cowling
- Source:
- Younger Members' Convention 2005
Funding defined benefit pension schemes (Handout)
4th Younger Members Convention Funding Defined Benefit Pension Schemes The City Hall, Cardiff, 5 December 2005 Funding Defined Benefit Pension Schemes Agenda ?The debate at the Institute / Faculty Sessional meetings ?New Guidance Notes ?New ... read more >>
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- Author:
- Adam Poulson
- Source:
- Pensions Convention 2005
IAS19: Jumping the GAAP (handout)
1 Annual Pensions Convention 2005 The De Vere Grand Hotel, Brighton, 5-7 June IAS19: Jumping the GAAP Adam Poulson 6th June 2005 Why is IAS19 suddenly an issue? ?Europe ?EU regulations ?IASB project to update IAS19 ?Amended IAS19 December ... read more >>
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- Author:
- Irene Paterson; Graham Withers
- Source:
- Pensions Convention 2004
Bulk transfers and GN16: considerations in scheme mergers (handout)
1 Mercer Human Resource Consulting Limited is authorised and regulated by the Financial Services Authority and is a member of the General Insurance Standards Council Registered in England No. 984275 Registered Office: Telford House, 14 Tothill Street, ... read more >>
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- Author:
- Richard Murphy; Aaron Punwani
- Source:
- Pensions Convention 2004
Should pension funds invest in equities? (handout)
1 Should pension funds invest in equities? Richard Murphy Aaron Punwani 8th June 2004 Background ? The world has changed ? It’s about to change more ? Financial Economics arguments have taught us a lot ? How do we advise clients in practice? Strong ... read more >>
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- Author:
- Gerry Gallagher
- Source:
- Pensions Convention 2003
Pricing annuities (handout)
1 The Actuarial Profession 2003 Pensions Convention Pricing Annuities Gerry Gallagher 3rd June 2003 OBJECTIVES n Insight in to how life offices look at annuity business. n What’s changed over the last couple of years. n New ideas for pension scheme ... read more >>
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- Author:
- Cliff Speed; Andrew Smith
- Source:
- Pensions Convention 2003
Lessons from financial economics (handout)
1 abcd Pensions Convention 1 - 3 June 2003 Grand Hotel Brighton Lessons from Financial Economics Cliff Speed and Andrew Smith cliff.speed@hewittbaconwoodrow.com andrewdsmith8@bw-deloitte.com The Promise Cliff Speed and Andrew Smith will examine how ... read more >>
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- Author:
- Richard Soldan
- Source:
- Pensions Convention 2003
Implementing accounting standards (handout)
1 abcd 2003 Pensions Convention Implementing accounting standards Richard Soldan FRS17 in 2002 - what have we seen? n Deficits n Poor equity performance n P&L and STRGL n Assumptions n expected equity returns n discount rate Balance sheet ... read more >>