Why I’m standing for election to Council
Now that the voting is over for the UK general election, it's time for actuaries to think about elections to the Council of the Institute and Faculty of Actuaries (if they haven't already). There are 18 people standing for 8 seats in the...
Why I’m standing for election to the Council of the IFoA
Paul Sweeting: Fact and Fiction – The Actuary
It’s been six years since The Actuary sat down face to face with Paul Sweeting, despite his various editorial contributions to the magazine. During this time, he has worked as a managing director at J.P. Morgan Asset Management and as head of...
Putting longevity risk in perspective
The latest Continuous Mortality Investigation (CMI) report in the UK has suggested that mortality improvements will be significantly less than had been expected even last year. Life expectancy for a 65 year-old man has fallen by 1.3% or nearly four months,...
Old enough to draw your pension?
The Pensions Act 2014 requires the UK Government to review the State Pension age (SPA) during each Parliament, and the first such review closed on 31 December 2016. In its response to this review, the the Pensions and Lifetime Savings...
The trouble with discounting pensions (not the problem with using bond yields)
A growing number of commentators are arguing against the use of bond yields to value defined benefit pension liabilities. These objections often focus on the asset allocation of these pension plans, which they assert typically include...