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Pension funding and expensing in the minimum funding requirement environment
The statutory Minimum Funding Requirement (MFR) introduces fundamental change to the funding of pension schemes in the United Kingdom. While only a minority of schemes will actually be affected materially in terms of actual contributions or benefits, ... read more >>
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Traded endowments
Presented to the Staple Inn Actuarial Society on 12th November 1996 TRADED ENDOWMENTS by Peter McGurk Contents EXECUTIVE SUMMARY 1. INTRODUCTION 2. A BRIEF HISTORY 3. THE PLAYERS IN THE MARKET 4. PRICING 5. WHICH POLICIES ARE TRADED? 6. POLICY ... read more >>
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Address by the President
11 ADDRESS BY THE PRESIDENT BERNARD BENJAMIN, Ph.D. [Delivered 24 October 1966] ACTUARIAL TRAINING AND PRACTICE IT becomes increasingly difficult for an incoming President to find a new theme upon which to discourse. In the very nature of things ... read more >>
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Risk-based capital in general insurance
This paper looks at the problems of assessing, for solvency purposes, the capital requirements of a non-life insurer in the context of the United Kingdom. It considers how these capital requirements might vary according to the different risks to which ... read more >>