Document library
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GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions. Version 2.3. Covering letter
May, 2000 To All Members Dear Member GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions I attach GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions version 2.3 which comes into effect on 1 May 2000 as a Technical ... read more >>
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Professions in society
Actuaries should seek to understand the phenomenon of 'professions' because much of our working life is influenced by the belief that we are a 'profession'. This paper considers various theories as to why professions exist - do they arise naturally to ... read more >>
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GN31: Actuaries to appropriate personal pension schemes in terms of the Pensions Act 1995. Version 1.1 [Deleted from the Manual of Actuarial Practice on 18 May 2006]
This pensions Guidance Note was deleted 18.05.06 MAP/GN31 V1.1 B31.1 GN31 : Actuaries to Appropriate Personal Pension Schemes in Terms of the Pensions Act 1995 Classification Practice Standard Legislation or Authority Pension Schemes Act 1993 (1993, ... read more >>
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The concept of investment efficiency and its application to investment management structures
THE CONCEPT OF INVESTMENT EFFICIENCY AND ITS APPLICATION TO INVESTMENT MANAGEMENT STRUCTURES By T. M. Hodgson, S. Breban, C. L. Ford, M. P. Streatfield and R. C. Urwin [Presented to the Institute of Actuaries, 28 February ... read more >>
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CMI Report 18. Whole volume
Sickness experience 1991-94 for individual PHI policies; Sickness termination experience 1991-94 for group PHI policies; An analysis of the PHI experience of individual companies in the United Kingdom I: claim inception rates; An analysis of the PHI ... read more >>
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CMI Report 15. Whole volume
Claim inception rates under PHI policies, individual 1975-90 and group 1975-86; Recovery and mortality rates of those claiming under PHI policies, individual 1975-90 and group 1975-86; Sickness experience 1983-86 for individual PHI policies; Sickness ... read more >>
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Draft Technical Memorandum 1 (TM1) : Statutory Illustrations of Money Purchase Benefits (SMPI). Version 1.0. Covering letter
The Pensions Board is pleased to have been invited by the Department of Social Security to help the Government to provide members of occupational, personal and stakeholder pension schemes with an annual illustration of their money purchase benefits in ... read more >>
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A market-based approach to pricing with-profits guarantees
This paper addresses one of the fundamental issues faced by offices in the transacting of with-profits business, namely, the provision of equity-related performance along with maturity guarantees that increase over the lifetime of the policy. The ... read more >>
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Pension fund valuations and market values
The traditional approach to United Kingdom pension fund valuations is to use an off-market approach to valuing assets and liabilities. This approach has been called into question for a number of reasons, such as changes to the taxation of U.K. share ... read more >>
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Pensions and low inflation
This working party has considered the pensions implications of a prolonged period of low inflation. Experience in the United States of America suggests weaker correlation between equity and bond returns and greater overall volatility of returns. Without ... read more >>