{"title":"Actuarial Management of a Unit-Linked Office","authors":"Mohammad Iqbal","doi":"10.1017/S0020269X00009373","DOIUrl":"https://doi.org/10.1017/S0020269X00009373","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126177383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Index-Linking in the U.K..","authors":"D. H. Newton","doi":"10.1017/S0020269X00009361","DOIUrl":"https://doi.org/10.1017/S0020269X00009361","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116708810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Financing of Private Occupational Pension Schemes.","authors":"R. Abramson, S. Carne","doi":"10.1017/S0020269X00009397","DOIUrl":"https://doi.org/10.1017/S0020269X00009397","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116035582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Financial Management of a Developing Life Office","authors":"D. J. L. Grys","doi":"10.1017/S0020269X0000935X","DOIUrl":"https://doi.org/10.1017/S0020269X0000935X","url":null,"abstract":"non-linked contracts are discussed. Although such guarantees are usual in North America, and although a demand is known to exist in Britain, the potential damage from high and volatile interest rates is judged to be very significant. The paper concludes in the view that in meeting market demand for flexible options the profession should use modern statistical methods to fully analyse all the risks involved.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131734411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Should Actuaries be Random","authors":"R. Campbell, H. E. Clarke","doi":"10.1017/S0020269X00009312","DOIUrl":"https://doi.org/10.1017/S0020269X00009312","url":null,"abstract":"Section 2 of the paper outlines the general methodology of simulation and serves as a guide to those appendices of the paper where some technical details are given. Section 3 of the paper considers various actuarial problems and discusses how simulation methods might be applied to them. We have not worked on all the problems described in this section ourselves. The intention is partly to suggest problems that could be tackled by simulation and to consider whether this approach is worthwhile. Throughout the paper we talk in terms of computers but many simple models can be simulated using a programmable pocket calculator. A simulation experiment is not necessarily a long-term project; useful answers may be obtained in a matter of hours. We have used simulation for probability problems where the theoretical solution of the problem would have taken much too long to achieve although such a theoretical solution has often been welcome as belated confirmation of advice given on the basis of a simulation experiment. The most recent occasions on which the actuarial profession in this country discussed the use of simulation were first in 1966 when S.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"25 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115996588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Proficient Instrument—A New Appraisal of the Commutation Function in the Context of Pension Fund Work.","authors":"G. Chamberlin","doi":"10.1017/S0020269X00009300","DOIUrl":"https://doi.org/10.1017/S0020269X00009300","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127619174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financial Options in Life Assurance Policies","authors":"R. Gillespie","doi":"10.1017/S0020269X00009348","DOIUrl":"https://doi.org/10.1017/S0020269X00009348","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133381363","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE ACTIVE ROLE OF THE PENSION SCHEME TRUSTEE","authors":"R. Lawrey","doi":"10.1017/S0020269X00009324","DOIUrl":"https://doi.org/10.1017/S0020269X00009324","url":null,"abstract":"MOST pension schemes, today, provide benefits linked to a member's final pay, partly as a result of the recognition of the effects of growing inflation in the 1960's and early 1970's on career average and grade table schemes. Since 1970, earnings inflation has averaged around 14% per annum, and at this rate earnings double every five years. Over the same period the overall return on U.K. ordinary shares has been of the order of 15% per annum. The growth of pension funds, partly from the effects of earnings inflation on contributions and partly from the effects of higher investment returns, has been phenomenal; to such an extent that the assets of the larger pension funds are now often comparable with the total stock market capitalisation of their sponsors.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128704976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Annual Report and Accounts 1980–81","authors":"N. Taylor","doi":"10.1017/S0020269X00009427","DOIUrl":"https://doi.org/10.1017/S0020269X00009427","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114810079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Some Trends in Investment Markets","authors":"D. Reynolds","doi":"10.1017/S0020269X00009415","DOIUrl":"https://doi.org/10.1017/S0020269X00009415","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127835054","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}