Document library
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- Author:
- Institute and Faculty of Actuaries
- Source:
- Consultation response (2012)
BIS and FRC. Proposals to reform the Financial Reporting Council. Consultation response.
Consultation Response BIS and FRC Proposals to reform the Financial Reporting Council 10 January 2012 About the Institute and Faculty of Actuaries The Institute and Faculty of Actuaries is the chartered professional body for ... read more >>
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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:
- James Wintle
- Source:
- Pensions Convention 2006
The new scheme funding regime. Experiences so far (handout)
1 The new Scheme Funding regime Experiences so far James Wintle 5 June 2006 Agenda Summary of the new funding regime What does this mean in practice? Process and behaviors what is different? Not as easy as it seems Problems and issues Questions and ... read more >>
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- Author:
- Martin Lowes
- Source:
- Pensions Convention 2006
Accounting - latest developments (handout)
1 [DocID]Hewitt Bacon & Woodrow To protect the confidential and proprietary information included in this material, it may not be disclosed or provided to any third parties without the approval of Hewitt Associates LLC. Accounting Latest ... 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 >>