Document library
-
- Author:
- A C L Dyson; J Exley
- Source:
- British Actuarial Journal [BAJ] (1995) 1(3): 471-557
Pension fund asset valuation and investment
The theoretical basis for, and practical application of, the discounted income method for valuing UK pension fund assets is discussed, with particular reference to the widely adopted application to variable income (equity type) assets, as proposed by ... read more >>
-
- Author:
- Pensions Board
GN48: Compliance review: Pensions. Version 1.0
This GN was current from 31 December 2004 to 31 December 2006. This pensions Guidance Note has been retained by the Actuarial Profession. MAPGN48 V1.0 B48.1 GN48: Compliance Review: Pensions Classification Recommended Practice from 31.12.04 to ... read more >>
-
- Author:
- Pensions Board\; Wendy Beaver\;
GN48: Compliance review: pensions. Version 1.0. Covering letter
Covering letter to GN48 which comes into effect on 31 December 2004. GN48 is being introduced to ensure that advice given by Scheme Actuaries under Practice Standard Guidance Notes is subject to a process of review. Faculty of Actuaries Maclaurin House ... read more >>
-
- Author:
- Pensions Board
GN48: Compliance review: pensions. Version 1.0. Track changes version
This version of GN48 shows the track changes between EXD52 and Version 1.0. It is not part of the Manual of Actuarial Practice. THIS IS A TRACK CHANGES DOCUMENT AND NOT PART OF THE MANUAL OF ACTUARIAL PRACTICE Formatted: Font: 8 pt GN48: Compliance ... read more >>
-
- Author:
- Herbert Smith
GN48: Compliance review: pensions. Legal advice
Advice on the legal position of the Scheme Actuary and the Reviewer in the context of Guidance Note 48 (GN48) which relates to compliance review in the context of advice provided by Scheme Actuaries. ... read more >>
-
- Author:
- Matthew Farraker
- Source:
- 2004 Younger Members Convention
Do we need actuaries in a DC world?
The 3rd Younger Members Convention Matthew Farraker - Aon Consulting Do We Need Actuaries In A DC World? Do We Need Actuaries In A DC world? Trends towards Defined Contribution Arguments for & against our involvement Views of employers Adapting ... read more >>
-
- Author:
- Pensions Board\; Technical Support and Research Committee
Report on mortality basis in Technical Memorandum 1 (TM1): Statutory Illustrations of Money Purchase Benefits (SMPI)
Under the disclosure requirements for money purchase benefits introduced by the DWP from April 2003, pension scheme trustees or managers are required to produce a projection once a year showing the amount of annuity that an individual's pension fund might ... read more >>
-
- Author:
- Wendy Beaver
- Source:
- Pensions Board\; Technical Support and Research Committee
Technical Memorandum 1 (TM1): Statutory Illustrations of Money Purchase Benefits (SMPI). Consultation on Version 1.1 - changes to the assumptions in Appendix D. Covering letter
Under the disclosure requirements for money purchase benefits introduced by the Department for Work and Pensions (DWP) from April 2003, pension scheme trustees or managers are required to produce a projection once a year showing the amount of annuity that ... read more >>
-
- Author:
- Charles Cowling\; Tim Gordon\; Cliff Speed
- Source:
- Sessional Meeting Paper
Funding defined benefit pension schemes [mp3 sound file]
This paper puts the case for the Actuarial Profession revising and tightening its standards on actuarial funding advice in relation to United Kingdom occupational pension schemes. We critique current actuarial practice and advocate principles for ... read more >>
-
- Author:
- Charles Cowling, Tim Gordon, Cliff Speed
- Source:
- Sessional meeting paper
Funding defined benefit pension schemes
This paper puts the case for the Actuarial Profession revising and tightening its standards on actuarial funding advice in relation to United Kingdom occupational pension schemes. We critique current actuarial practice and advocate principles for ... read more >>
-
- Author:
- Stefan Weiser
- Source:
- Younger Members' Convention 2004
Diversifying with commodities (Slides)
Diversifying with Commodities The Revenge of the Old Economy Goldman Sachs International October 2004 Stefan Weiser, CFA stefan.weiser@gs.com +44 20 7774 6232 Commodities: A Separate Asset Class Goldman Sachs recommends an investment in a broadly ... read more >>
-
- Author:
- David Bowie
- Source:
- Pensions Convention 2004
Investment strategies for closed defined benefit (DB) schemes (handout)
1 Investment Strategies for Closed DB Schemes David Bowie June 2004 Agenda ? The End Game ? Impact of asset allocation ? Financial engineering ? Dynamic strategies End game: headline considerations ? Funding plan ? Member security ? Trustees’ ... read more >>
-
- 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 >>
-
- Author:
- Bill Dixon
- Source:
- Pensions Convention 2004
Professional negligence claims against actuaries (handout)
1 Pensions Convention 2004 7 June 2004 PROFESSIONAL NEGLIGENCE CLAIMS AGAINST ACTUARIES BILL DIXON – PINSENTS Background ? “Compensation Culture” ? Scheme deficits ? Hardening market for professional indemnity cover Main planks of a professional ... read more >>
-
- Author:
- Ronnie Bowie
- Source:
- Pensions Convention 2004
The post-Pensions Act scheme actuary (handout)
1 The 2004 Pensions Convention 7-8 June 2004, Sheraton Skyline Hotel, Heathrow The Post Pensions Act Scheme Actuary Ronald S Bowie, Chairman - Pensions Board Pensions Board Objectives To equip and empower actuaries to:- ?Exercise professional ... read more >>
-
- Author:
- Chris Erwin
- Source:
- Pensions Convention 2004
Defined contribution (handout)
1 Aon Consulting Limited is authorised and regulated by the Financial Services Authority Defined Contribution Aon Consulting Ltd. Chris Erwin Investment Principal Aon Consulting Limited is authorised and regulated by the Financial Services Authority It ... read more >>
-
- Author:
- Andrew Turnbull
- Source:
- Pensions Convention 2004
Winding-up - practical issues and concerns for trustees (slides)
1 The 2004 Pensions Convention 7-8 June 2004, Sheraton Skyline Hotel, Heathrow Winding Up – Practical Issues and Concerns for Trustees ? Andrew Turnbull ? Walker Morris, Leeds Introduction ? practical issues and concerns of the trustees by ... read more >>
-
- Author:
- Tony Leandro
- Source:
- Pensions Convention 2004
Current issues in mortality (handout)
1 abcd Pensions Convention 2004 CURRENT ISSUES IN MORTALITY London – 8 June 2004 Tony Leandro Key > 4.2% 4.2% 3.6% 3.0% 2.4% 1.8% 1.2% 0.6% 0% -0.6% -1.2% <-1.2% 20 30 40 95 50 60 70 80 90 Age 194 8 196 0 197 0 198 0 199 0 199 9 GAD Contour ... read more >>
-
- Author:
- Huw Williams
- Source:
- Pensions Convention 2004
Liability driven investment and the role of swaps (handout)
1 Liability Driven Investment and the role of Swaps 2004 Pensions Convention Huw Williams The Royal Bank of Scotland 8th June 2004 Liability Driven Investment and the role of Swaps ? Section One – Factors Influencing Asset Allocation ? Background ? ... read more >>
-
- Author:
- Mark Grant
- Source:
- Pensions Convention 2004
Discrimination - where are we now? (Handout)
Discrimination – Where Are We Now? Mark Grant CMS Cameron McKenna Ways to discriminate - old and new ? Sex discrimination: – unequal pension ages – actuarial factors – equal access – LEL off-sets 20314374 - p2 – GMP equalisation – same sex ... read more >>