Document library
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- Author:
- Jim MacLachlan
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Assessing the sponsor covenant (slides)
Jim MacLachlan The Institute of Actuaries 1st December 2005 212/8/2005 Background Schemes in deficit longevity equity returns interest rates Deficits are unsecured loans to sponsor Schemes are exposed to default risk Trustees need to be confident ... read more >>
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- Author:
- Neville McKay
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Independent employer covenant reviews. Providing trustees with an assessment on the strength of the employer (handouts)
1 1 Independent Employer Covenant Reviews Providing Trustees with an assessment on the strength of the employer 2 Independent Employer Covenant Review ( IECR ) Key Messages Trustees need to be fully engaged with management to ensure that its DB ... read more >>
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- Author:
- Richard Farr
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Actions trustees can take: the three Rs - recognise, react, resolve (slides)
Actions trustees can take The three R s - Recognise, react, resolve Who am I Richard is a Partner in HRS who is responsible for leading the Pension Deficit Solutions initiative within the firm He has recently advised both the Pension Protection Fund ... read more >>
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- Author:
- Nick Forrester
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Incorporating sponsor covenant risk into actuarial advice (handouts)
1 Incorporating Sponsor Covenant Risk into Actuarial Advice Nick Forrester 01.12.05 Whether to incorporate? New methodology for Actuaries Basic theory exists Counterparty credit risk / default risk Basel II / capital requirement ... read more >>
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- Author:
- Neville McKay
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Independent employer covenant reviews. Providing trustees with an assessment on the strength of the employer (slides)
1 Independent Employer Covenant Reviews Providing Trustees with an assessment on the strength of the employer 2 Independent Employer Covenant Review ( IECR ) Key Messages Trustees need to be fully engaged with management to ensure that its DB scheme ... read more >>
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- Author:
- Jim MacLachlan
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Assessing the sponsor covenant (handouts)
1 Assessing the Sponsor Covenant Jim MacLachlan The Institute of Actuaries 1st December 2005 211/28/2005 Background Schemes in deficit longevity equity returns interest rates Deficits are unsecured loans to sponsor Schemes are exposed to default ... read more >>
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- Author:
- Nick Forrester
- Source:
- The sponsor covenant and actuarial advice seminar, 1 December 2005
Incorporating sponsor covenant risk into actuarial advice (slides)
Sponsor Covenant Risk and Actuarial Advice Nick Forrester 03.04.06 How do traditional methodologies fit? Disclosure & advice Effect on management of schemes Trustee concerns Ensure payment of promised pension for scheme members Whilst trying not ... read more >>
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- Author:
- Andy Scott
- Source:
- Current Issues in Pensions seminar, Autumn 2005
Current Issues for Trustees (handouts)
1 Current Issues for Trustees Andy Scott Punter Southall Agenda Trustee knowledge and training Assessing the employer covenant Conflicts of interest Trustee knowledge and training 2 What are Regulator s aims for TKU? Increase trustee confidence Know ... read more >>
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- Author:
- Mike Nichols
- Source:
- Strategic management of risk seminar, 23 November 2005
Strategic approach to risk management (handouts)
1 1 The Strategic Management of Risks 23 November 2005 2 Strategic approach to risk management Mike Nichols Chairman & Chief Executive, The Nichols Group Need for strategic approach Current focus mainly tactical - fixated on risk registers and ... read more >>
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- Author:
- Mike Nichols
- Source:
- Strategic management of risk seminar, 23 November 2005
Strategic approach to risk management (handouts)
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:
- Chris Lewin
- Source:
- Strategic management of risk seminar, 23 November 2005
Enterprise risk management - a structure for managing risks (handouts)
1 Enterprise Risk Management a structure for managing risks by Chris Lewin 23rd November 2005 Enterprise Risk Management Bringing it all together Holistic management of risk (not just silos) Culture and communications Role of Board and other ... read more >>
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- Author:
- Neil Allan
- Source:
- Strategic management of risk seminar, 23 November 2005
STRATrisk: Thinking it differently (handouts)
1 Making Strategic Risk Management Work Introduction Introduction Turn your concept of risk identification on its head Introduce systems concept and some tools from other disciplines Explain a cutting-edge approach to identifying your real risks Is ... read more >>
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- Author:
- Neil Allan
- Source:
- Strategic management of risk seminar, 23 November 2005
STRATrisk: Thinking it differently (handouts)
1 STRATrisk : Thinking it Differently Neil Allan University of Bath School of Management This Session Overview of research & some findings Some concepts that emerged How this helps to manage strategic risks Why this requires a new way of ... read more >>
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- Author:
- Scott Reid
- Source:
- Life Convention 2005
Early warning signals from critical illness claims data (Handout)
1 2005 Life Convention 20-22 November Cardiff International Arena, Cardiff A04 Early Warning Signals from Critical Illness Claims Data Scott Reid Revios Reinsurance UK Ltd. Agenda Objective Big Picture Current Process Experience Analysis ... read more >>
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- Author:
- Robert Kipling
- Source:
- Life Convention 2005
Changes to the FSA returns (handouts)
1 Changes to the FSA returns Robert Kipling CILA 28 September 2005 Agenda ?Reasons for change ?Forms 40-60 ?Valuation report ?December 2005 procedures Agenda ?Reasons for change ?Forms 40-60 ?Valuation report ?December 2005 procedures 2 Less is more … ... read more >>
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- Author:
- Dave Grimshaw, Bernie Hickman
- Source:
- Life Convention 2005
UK protection market: distribution, consumers, products & providers (handouts)
1 Healthcare Protection - a market view Bernie Hickman Managing Director, Protection Legal & General 2005 Premiums paid/Inforce PPI MPPI Group PMI Individual PMI Group Life & CIC Group Income Protection Individual Life & CIC Individual ... read more >>
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- Author:
- Ben Pollard, Paul Whitlock
- Source:
- Life Convention 2005
Using MCEV to manage the business (handouts)
VARIABLE ANNUITIES Proposition Development, TCF and Regulation Ben Pollard Keith Goodby Proposition Development Regulatory Environment Variable annuities are unit linked products with guarantees ? NOT an annuity, but rather … ? … a basic unit ... read more >>
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- Author:
- Garth Lane\; Adrian Pinnington
- Source:
- Life Convention 2005
Reserving for guarantees in income protection and critical illness (handouts)
1 Reserving for Guarantees in Income Protection and Critical Illness Garth Lane Adrian Pinington Warwick 2005 April What this session is not! R = i``v`t x (1+trend)t + i`` = claim incidence with allowance for mis-pricing risk v`t = discount factor ... read more >>
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- Author:
- Garth Lane\; Adrian Pinnington
- Source:
- Life Convention 2005
Reserving for guarantees in income protection and critical illness (handouts)
1 Reserving for Guarantees in Income Protection and Critical Illness Garth Lane Adrian Pinington Warwick 2005 April What this session is not! R = i``v`t x (1+trend)t + i`` = claim incidence with allowance for mis-pricing risk v`t = discount factor ... read more >>
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- Author:
- Stuart Barker
- Source:
- Current Issues in Pensions seminar, Autumn 2005
Current issues for trustees (handouts)
1 Current Issues for Trustees Stuart Barker Punter Southall Agenda Trustee knowledge and training Assessing the employer covenant Conflicts of interest Trustee knowledge and training 2 What are Regulator s aims for TKU? Increase trustee confidence Know ... read more >>