Copulas 1 – learning the basics
Climate change risk
Interview with Andrew Smith – EMS 20 years on
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,...
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...