The reluctant leader

The reluctant leader

This summer I took over as head of actuarial science at the University of Kent.  I have to admit, part of me was not looking forward to this.   I returned to full-time academia to teach and to carry out research, not to get involved in management and...

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The (un)importance of cash flows

The (un)importance of cash flows

I'm seeing a lot of discussion on defined benefit cash flows at the moment. Some of the commentary on the importance of cash flows is sensible; some is questionable; and some is plain wrong. What do we mean by cash flows? When talking about cash flows for a defined...

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