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Equity Release Mortgages: No Negative Equity Guarantee

ARCABI

The Institute and Faculty of Actuaries (IFoA) and the Association of British Insurers (ABI), through the Actuarial Research Centre (ARC), commissioned a research project on Equity Release Mortgages: No Negative Equity Guarantee. The research was delivered by the University of Kent, led by Professor Radu Tunaru (Senior Researcher).

Project Summary

The high level objective of this commissioned research was to determine appropriate methods for determining ERM cashflows and their value. Additional detail on the objectives set out in the call for tender can be found here.
 

Review Group 

On behalf of the ABI and the IFoA (and its relevant Governance structures), a joint project Review Group was established to oversee the delivery of this jointly commissioned, independent research project.
 
The Review Group ensured the project delivered output that was of high quality and was in line with expectations, producing findings that were relevant to the actuarial community and other key stakeholder groups.
 
The Review Group reported into the IFoA’s Research and Thought Leadership Board.
 
 

Research Results Launch Event

A research results launch event took place on Thursday 28 February at Staple Inn Hall, London. The event  brought together a multidisciplinary group of professionals to discuss Professor Radu Tunaru’s research findings.

The event was recorded and is available to watch on the IFoA’s Virtual Leaning Environment (VLE) and IFoA’s YouTube channel

The final research report is available to view. 

Filter or search events

Start date
E.g., 28/09/2020
End date
E.g., 28/09/2020

Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.