Papers and reports

Actuarial practice has been changing rapidly over recent decades, and this speed of change is likely to continue. The actuary of the future will face challenges from many quarters, including the need to communicate with multi-disciplinary teams of competing professionals, and to live in an increasingly multi-national and cross-border environment.

This paper covers the major factors influencing the design of pension schemes during the last decade. This period saw an unprecedented level of legislation on pensions, much of it with far reaching consequences. In the final sections of the paper some suggestions are put forward as to the likely form of benefit design in the 1990s and beyond. Section 2 considers the impact of contracting out and changes in contracting out terms since its introduction. Section 3 covers the impact of the surplus regulations introduced by the Finance Act 1986.

The analysis of permanent health insurance data