The three key stages in their journey are specifically:
- The effectiveness, fairness and general comprehension of risk and return models available to customers to illustrate the potential accumulation and decumulation projections of investor’s investment funds.
Point of sale:
- Establishing customers' attitude to investment risk using stochastic or deterministic modelling
- At issue of statutory disclosure documents (e.g. Key Investor Information Documents (KIIDs) and the disclosure which will be required under upcoming Packaged Retail and Insurance-based Investment Products (PRIIPs) and MiFID II requirements.
- The presentation and understandability of regular individual investment performance reports
The output will be a recommendation paper/presentation and industry discussions to showcase the results. Initial Research with YouGov was completed at the end of 2018 and refined with final research at the end of 2020 . Final output is expected at the start of March 2020 and will be tailored to define the IFoA strategic thinking and help engage with policymakers.
- 9 November 2017
You might also like
If you want more information about this research working party please contact the Communities Team.
Filter or search events
Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.
Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.
The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.
Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?
What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life? Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown. They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.
Investment risk-sharing is a fundamental part of whole-life collective defined contribution (CDC) pension schemes, such as the Royal Mail CDC. But how does investment risk-sharing benefit members? And does it favour some groups of members over others?