SA5 learning portal: articles

Articles and papers

Being actuarial with the truth. A story of economic confusion over defined benefit pension schemes. Carne, Simon A. SIAS, 2004. 48 pages.

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

Credit derivatives. Derivatives Working Party. Faculty and Institute of Actuaries, 2006. 58 pages.

The economics of insurance - how insurers create value for shareholders. Hancock, John; Huber, Paul P.; Koch, Pablo. Swiss Re, 2001. 45 pages. see also: Value creation in the insurance industry. Hancock, J.; Huber, P. P.; Koch, P. Risk Management and Insurance Review (2001) 4 (2): 1-9

The financial theory of defined benefit pension schemes. Exley, J.; Mehta, S. J. B.; Smith, A. D. BAJ (1997) 3(4): 835-966.

Frictional costs. Ng, H. M.; Varnell, E. M. 2003. 63 pages.

Gentlemen prefer bonds. Alexander, B. London Business School, 2002.

Getting to grips with fair value. Abbink, M.; Saker, M. C. SIAS, 2002. 74 pages.

Lease terms, option pricing and the financial characteristics of property. Adams, Andrew T.; Booth, Philip M.; MacGregor, B. D. BAJ (2003) 9(3): 619-635.

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

Modelling and managing risk. Sweeting, Paul J. Faculty and Institute of Actuaries, 2007. - 43 pages.

Modelling extreme market events. Frankland, R.; Smith, A. D.; Wilkins, T. et al. Benchmarking Stochastic Models Working Party Institute of Actuaries and Faculty of Actuaries, 2008. - 104 pages.

Modern valuation techniques. Jarvis, S. J.; Southall, F. E.; Varnell, E. M. SIAS, 2001. 55 pages.

Pensions and capital structure. Why hold equities in the pension fund? Ralfe, John; Speed, Cliff A.; Palin, Jon. North American Actuarial Journal (2004) 8 (3): 103-132.

Pensions and economics: the way ahead. Wise, A. J.; McCarthy, D.; Neate, J. A. et al. SIAS, 2004. 53 pages.

Pensions, funding and risk. Chapman, R. J.; Gordon, T. J.; Speed, C. A. BAJ (2001) 7(4): 605-686.

The tax consequences of long-run pension policy. Black, F. Financial Analysts Journal (1980) July-August: 21-28 (Request from libraries)

Theory of risk capital in financial firms. Merton, R. C.; Perold, A. F. Journal of Applied Corporate Finance (1993) 6(3): 16-32 (Request from libraries)

Theory of the firm: managerial behaviour, agency costs and ownership structure. Jensen, M. C.; Meckling, W. H. Journal of Financial Economics (1976) 3(4): 305-360

Why can financial firms charge for diversifiable risk? Casualty Actuaries Society Bowles Symposium. Smith, A. D.; Moran, I.; Walczak, D. 2003.