by Paul Sweeting | Jan 17, 2011 | All, Longevity
I went to a fascinating conference at the start of the year organised by the Society of Actuaries. It’s a triennial conference entitled “Living to 100”, which looks at actuarial, epidemiological and medical developments in longevity. Apparently, this...
by Paul Sweeting | Dec 10, 2010 | All
With the Nobel Prizes being awarded today, along with the news that no further action will be taken in the News of the World phone hacking probe, it struck me that there is an obscure link between these two stories. In particular, there is a link between the phone...
by Paul Sweeting | Dec 8, 2010 | All, Pensions
The Government has now issued its consultation on CPI for private-sector pensions. This raises a number of issues, and asks some challenging questions. One that will certainly generate responses is the question of whether CPI should be imposed on pension schemes,...
by Paul Sweeting | Dec 6, 2010 | All, Longevity
Reuters reported recently that Swiss Re was launching a series of longevity bonds to hedge the reinsurer against longevity catastrophe risk. The bonds – issued through Caymans-based Kortis Capital on behalf of Swiss Re – would hedge Swiss Re against...
by Paul Sweeting | Nov 1, 2010 | All, Library, Working Papers
The popular beta-binomial approach to credibility offers an attractive way of combining the results of experience and risk rating. However, when applied to a particular age the information available from surrounding ages is ignored. In this paper I propose an...
by Paul Sweeting | Jul 15, 2010 | All, Industry News
A lot has been written about the impact that a change from RPI to CPI would have on pension scheme members, the financial markets and the wider economy. There has also been much comment on the differences between the calculation of these indices. But which is the...
by Paul Sweeting | Jul 8, 2010 | All, Pensions
The Government has confirmed plans to link private sector pension increases to CPI rather than RPI, bringing them into line with the proposals for public sector schemes. This could save schemes a significant amount of money – around £100bn by some estimates....
