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Searching for: researcher is "staple inn actuarial society"

Surveys listed in reverse order of publication date

Results 1-8 of 8.

Financial Aspects of Longevity Risk
Financial Aspects of Longevity Risk
Staple Inn Actuarial Society
Oct 2004 United Kingdom Miscellaneous
This paper examines longevity risk and its implications for actuaries working in the private sector. Longevity risk varies hugely according to the nature of the contract which contains it, sometimes in unexpected and surprising ways. The greatest private sector exposure to longevity risk is not to be found in the annuity portfolios of the quoted life assurance sector; rather it is shareholders of many industrial and service companies which have much greater exposure to longevity risk through their defined benefit pension schemes.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Oct 2004 or click here (this link will not work in all circumstances). For further information about Perspective click here.

F326741A   Click here to contact the authors.
 
Derivatives and dynamic asset allocation in with profits funds
Implications for capital and policyholder returns
Staple Inn Actuarial Society
Jun 2004 United Kingdom Investment - General
According to this paper, derivative products can help life insurers hedge guarantees and options inherent in their products. However, it points out that the historical regulatory regime for UK insurers is complex and the impact of holding derivatives on the overall solvency capital position is inconsistent with the economic effect. This can lead insurers to adopt strategies that are suboptimal in economic terms.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jun 2004 or click here (this link will not work in all circumstances). For further information about Perspective click here.

F62415F9   Click here to contact the authors.
 
Pensions and economics - The way ahead
Pensions in an economics framework from both a member and company perspective
Staple Inn Actuarial Society
Jan 2004 United Kingdom Funding and Minimum Funding Requirement, Miscellaneous
The paper attempts to cover pensions in an economics framework from both a member and company (and shareholder) perspective and considers various economic 'valuations' of completely defined pension liabilities, how 'real world' liabilities can result in ranges of values for a given economic liability, as well as what is meant by an 'actuarial valuation' and how 'actuarial valuations' may change in the future. 

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jan 2004 or click here (this link will not work in all circumstances). For further information about Perspective click here.

7C199320   Click here to contact the authors.
 
Bond Asset Management - An Overview
Bond Asset Management
Staple Inn Actuarial Society
Dec 2003 United Kingdom Investment - General
This paper details the main features involved in bond investment management, looking first at the background to the various bond markets, including detail on credit ratings and how the bonds are priced, then considering the ways in which performance might be measured, some information on the process of bond management itself and finally some details on reporting.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Dec 2003 or click here (this link will not work in all circumstances). For further information about Perspective click here.

DA185918   Click here to contact the authors.
 
Twin Peaks: The Enhanced Capital Requirement for Realistic Basis Life Firms
The Enhanced Capital Requirement for
Staple Inn Actuarial Society
Nov 2003 United Kingdom Regulatory Bodies (excl. tPR)
Under the FSA’s proposed regulatory regime, realistic basis firms will be subject to an enhanced capital requirement (ECR) based on stress tests applied to the realistic balance sheet for each with-profits fund. This paper covers the expected regulatory requirements including disclosure in accordance with CP195 plus the approach, assumptions and model validation implications for the management of the business.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2003 or click here (this link will not work in all circumstances). For further information about Perspective click here.

281800FA   Click here to contact the authors.
 
W(h)ither State Pension Age?
The issues around increasing state pension age.
Staple Inn Actuarial Society
Jun 2003 United Kingdom State Pensions
The purpose of the paper is to summarise and explain the relevant arguments and issues around increasing state pension age, in order to encourage a debate on these. It examines the backgound, describes projected demographic developments, summarises some of the arguments which have been made recently both in favour of and against increasing state pension age and considers these in more depth. In particular, it looks at the effects which increasing state pension age may have on various sub-groups of the population, on economic activity at older ages and on expenditure on state welfare benefits to people at working ages.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jun 2003 or click here (this link will not work in all circumstances). For further information about Perspective click here.

A914236B   Click here to contact the authors.
 
Practical aspects of realistic valuations using a market-consistent asset model
Problems in respect of with-profits business arising from the FSA's new requirement
Staple Inn Actuarial Society
May 2003 United Kingdom Miscellaneous
The FSA has introduced a new approach to the reporting of insurance company liabilities. Insurers will have to report on this basis from 2004, and the largest with-profits insurers have been asked to prepare realistic balance sheets in respect of 2002. The production of realistic balance sheets to the FSA's standards presents a challange to many insurers. In particular, the realistic valuation of with-profits business will involve the construction and calibration of market-consistent asset models to allow appropriate stochastic modelling of the business, and the formulation of rules to reflect likely management decision and policyholder behaviour.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> May 2003 or click here (this link will not work in all circumstances). For further information about Perspective click here.

17137696   Click here to contact the authors.
 
Note on the relationship between pension assets and liabilities
The relationship between pension assets and liabilities
Staple Inn Actuarial Society
May 2003 United Kingdom Miscellaneous
This research paper proposes a method of measuring pension liabilities that may drive investment away from equities and further into bonds. It develops the concept of a Liability Benchmark Portfolio (LBP). The relationship between the assets and the liabilities is demonstrated by considering the assets relative to the LBP.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> May 2003 or click here (this link will not work in all circumstances). For further information about Perspective click here.

72127452   Click here to contact the authors.
 

Results 1-8 of 8.