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Resources for Subject SP5 Investment and Finance Specialist Principles

These books are optional or suggested additional reading for subject SP5 that may complement IFoA Core Reading and tuition provider material for this exam subject.

Books

Title links lead to book  details on the IFoA Library catalogue. From here IFoA members, students and affiliates can 'Request' the book from the IFoA Library Service, subject to availability.

  • Asset pricing. Revised edition - Cochrane, J.H. Princeton University Press, 2005. ISBN 9780691121376.
    (Borrow from libraries)
  • The monetary and financial system. 4th ed. Goacher, D. Chartered Institute of Banking, 1999. ISBN 9780852975404.
    (Borrow from libraries)
  • Options, futures and other derivatives: global edition. 9th ed. Hull, J. C. Prentice Hall, 2017. ISBN: 9781292212890.
    (Borrow from libraries | Access eBook after member login to IFoA eLibrary via Athens*)
    The 9th edition is also suggested reading for subject CM2, and core reading for SP6 and SA7 subjects of the IFoA exam curriculum from 2019.

    Other editions held by the IFoA Library:
    Options, futures and other derivatives9th USA edition, 2014.  ISBN 9780133456318 (Borrow from libraries
    Options, futures and other derivatives8th edition, 2011. ISBN 9780273759072. 
    (Borrow from libraries | Access eBook after member login to IFoA eLibrary via Athens*)
     

  • Understanding infrastructure investments. Mackay-Fisher, K. CEO Forum Group, 2003.
     
  • Principles of corporate finance: global edition. 12th ed. Brealey, R. A.; Myers, S. C.; Allen, F. - McGraw-Hill, 2016. ISBN: 978-125925331 (Borrow from libraries)
    [Library holds earlier 11th ed., 2014. ISBN: 978-0077151560 (Borrow from libraries)

Articles and papers

The following journal articles and papers are cited in references of SP5 Core Reading Unit 8 on 'Theory of Finance' and behavioural finance. Most are available via the 'JSTOR' links below after member login to the IFoA eLibrary via Athens.

Please contact libraries@actuaries.org.uk  for guidance on access to these online articles.

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.