SA2 Learning portal: articles

Units 2 & 3 – UK specific products and general business environment

The list is set out according to the order of the Units in the Core Reading by allocating each item of reading to the most appropriate Unit. However, some of the reading material may be relevant to more than one Unit. In addition, there is an item listed at the end under 'Wider reading' which is not obviously applicable to any specific Unit.

Holistic lifecycle financial planning framework. Corrigan, J; Matterson, W. SIAS, 2010.

Lessons from closure: an analysis and comparison of the issues facing closed life funds and closed pension schemes. Campbell, A.C.; Grimley, D.C.; Pallister, J.K. et al. BAJ (2006) 12(3): 639-727

VA past present and perfect [variable annuities]. Shallis, P; Jones, G; Buckle, I; Hills, M. SIAS, 2009. 

Unit 6 – UK regulation – environment

The Penrose Report. A discussion meeting held by the Institute of Actuaries. Abstract of the discussion. [Report of the Equitable Life Inquiry]. BAJ (2004) 10(5): 1047-1070 

Units 7 to 11 – UK regulation, valuation and related issues

Analysing movements in realistic balance sheets for with-profits funds. Coulthard, P. J. A.; Parkes, A. R. SIAS, 2004.

The cost of capital for financial firms. Exley, J.; Smith, A. D. BAJ (2006) 12(1): 229-301

Current developments in embedded value reporting. O'Keeffe, P. J. L.; Desai, A. J.; Foroughi, K. et al. BAJ (2005) 11(3): 407-496

Market consistent valuation of life assurance business. Sheldon, T. J.; Smith, A. D.  BAJ (2004) 10(3): 543-626

Market-consistent valuations and the implications of the recent financial crisis. Foroughi, K. ICA, 2010

Notes on options, hedging, prudential reserves and fair values. Wilkie, A. D.; Owen, M. P.; Waters, H. R. BAJ (2005) 11(2): 199-312 

Twin peaks. The enhanced capital requirements for realistic basis life firms. Muir, M. J.; Waller, R. M. SIAS, 2003.

Unit 12 – Treating customers fairly

Treating life customers fairly [Report from the life Treating Customers Fairly working party]. Staffurth, J. et al. SIAS, 2007. 

Unit 13 – Risk management and controls

Financial aspects of longevity risk. Richards, S. J.; Jones, G. L. SIAS, 2004.

Governance and risk management in United Kingdom insurance companies. Deighton, S. P.; Dix, R. C.; Graham, J. R.; Skinner, J. M. E. Actuarial Profession, 2009

Living with mortality: longevity bonds and other mortality-linked securities. Blake, D.; Cairns, A. J. G.; Dowd, K. BAJ (2006) 12(1): 153-228

Longevity in the 21st century. Willets, R. C.; Gallop, A. P.; Leandro, T. et al. BAJ (2004) 10(4): 685-832 

Report from the actuarial processes and controls best practice working party – life insurance. Care, R et al. Actuarial Profession, 2009

Unit 15 – Contract design and pricing

A market-based approach to pricing with-profits guarantees. Hare, D. J. P.; Dickson, J. A.; McDade, P. A. P. et al. BAJ (2000) 6(1): 143-213

Reinventing annuities. Wadsworth, M. J.; Findlater, A. J. M.; Boardman, T. V. SIAS, 2001. 

Unit 16 – Management of UK with profits business

Asset shares and their use in the financial management of a with-profits fund. Needleman, P. D.; Roff, T. A. BAJ (1995) 1(4): 603-688

Measuring and managing the economic risks and costs of with-profits business. Hibbert, A. J.; Turnbull, C. J. BAJ (2003) 9(4): 725-786

Wider reading

Effective decision making in a life company. Iqbal, I. BAJ (2005) 11(1): 133-182