Andy Milburn guides us through what the underwriter believes are the most important factors that affect product pricing.
In the first of a series John Woodford offers a guide to the elements going into the pricing of protection products.
Enhancements to pension transfer values is a practice which has been warned against by the industry for a while, but have recent decisions by government bodies and departments to crack down on the practice actually killed it off?
Is it just me or is it finally the case that analysts and other industry observers are finally beginning to get their heads around the concept of persistency and its interfering little brother, churn? I see it as a rather straightforward issue.
I've just finished reading a book called "the poker face of wall street". Writer Aaron Brown, an executive director at Morgan Stanley and a well known Wall Street quant man, believes that modern finance and the modern game of poker have a great deal of...
The Association of Consulting Actuaries says its members favour a scheme-specific method of calculating pension transfer values, ignoring the option developed by the Actuarial Profession.
DOMINATING THE front page of all the national newspapers this morning is yesterday's pre-election Budget which targeted sweeteners and the grey and family vote.
Mellon has criticised the Morris review for being impractical for both profession and majority of pension schemes to follow.
A lack of self-regulation has contributed to actuarial advice becoming distinctly lacking in transparency, while the overall profession has been seen as to ‘insular' and cumbersome in adapting to changes, suggests a Government-commissioned report.
The Government has been accused of "levying a stealth tax" on the pensions industry after now deciding to make the Pension Protection Fund retrospective, says the Daily Telegraph .