Call for proposals for research project on the effects of 'limits to growth'
The Actuarial Profession is inviting research proposals on the topic of the effects of ‘limits to growth’ on financial markets and consequential impacts on actuarial advice.
In our scoping document ‘The effects of ‘limits to growth’ on Financial Markets and consequential impacts on Actuarial Advice’, we set out the broad requirements for the research that the Actuarial Profession wishes to sponsor.
Applications are invited by 12 August 2011. Applications must be made using the standard form and should include a description on how you would undertake the research and a detailed research plan with milestones and outputs.
Please note that you should specifically address the questions listed below when completing the form.
Please submit your proposal by 17.00 BST on Friday 12 August 2011 to:
The Actuarial Profession
4 Worcester Street
Tel: 01865 268871
Email applications are preferred.
For further information or an informal chat please contact Ruth Loseby in the first instance.
- Please provide a profile of all the researchers that you have at your disposal – their experience, skill sets etc. In particular, we envisage the research in two sections – the first requires skills in economics coupled with an understanding of systems science and environmental issues, whilst the second requires an understanding of economics and actuarial science and methodologies across a range of actuarial disciplines. Please indicate how your team fulfil these skill requirements. It may be that you do not feel that you have all the necessary skills “in-house”: in these circumstances, we would consider a joint submission from two different organisations.
- Please provide brief synopses of other bespoke research projects that you have worked on and completed for other organisations. Would you be prepared to supply us with the pertinent references?
- How would you expect/want to liaise with the Profession during the progress of the research project?
- We need to report to the Actuarial Profession (in a form yet to be decided) in the first half of 2012. Please include in your proposal your suggestions on how the research should be disseminated. As a minimum, we would expect the research to be fully written up in a format for presentation at one of the Actuarial Profession’s sessional research events and for subsequent publication (the Profession publishes two journals). We may also want to provide interim reports based on tangible research to a smaller group of actuaries in the interim. Do you think this is feasible and possible? If so, what form would you envisage these reports to take and what would they contain?
- Please provide detailed CVs of the main researchers on this project.
- We would expect you to undertake this research assignment under a legally binding agreement. We will shortly provide a draft of standard contracts on the website. Please comment on whether you are prepared to take our draft as an initial starting point. Please highlight any issues you can envisage and any changes you would want to propose.
- The Actuarial Profession may wish to build upon and develop the research commissioned in this proposal and so would wish to retain the intellectual property and copyright involved. Our preferred wording is given on the standard contracts. We appreciate that each piece of work brings individual circumstances so please confirm that you accept the standard wording or highlight any changes you would want to propose.
- In particular we hope the work will be developed in the future to consider the impact on consumers. Please show in your proposal how the work you plan will be able to help the Actuarial Profession tackle this issue.
- What level of funding would you require for this assignment? What stage payments would you require (these would need to be linked to individual outputs from the research)? The Actuarial Profession has initially allocated up to £50,000 for this project. We are happy to receive proposals that require funding greater than £50,000 (as we may be able to work with you to secure additional funding) but in such a circumstance we would also wish you to indicate how you would reduce the scope of the research to bring the funding level below £50,000. We would welcome project proposals that can bring additional funding or resources from other bodies such as research councils or companies and in such a circumstance this information should be included in the proposal.