This comprehensive, yet accessible, guide to enterprise risk management for financial institutions contains all the tools needed to build and maintain an ERM framework. It discusses the internal and external contexts with which risk management must be carried out, and...
The UK has had a universal State Pension since the Old-Age Pension of 1909. This has evolved over more than a century, but for much of this time, the affordability of the UK State Pension has been an issue. And for some years, the most visible answer to this issue has...
The UK has had a universal State Pension since the Old-Age Pension of 1909. This has evolved over more than a century, but for much of this time, the affordability of the UK State Pension has been an issue. And for some years, the most visible answer to this issue has...
Over the last 20 years, the extent of defined benefit provision has declined substantially in the United Kingdom. Whilst most of the focus has been on deficits relating to past benefit accrual, the increasing cost of future benefit accrual is also important. There are...
Freddie is training to be a spaceboy - but he's scared of heights! Can his friends Alexandra, Josephine and Michael help him overcome his fears?
Age-Period-Cohort ("APC") models have been criticised on a number of grounds. One area of concern is in relation to projecting future cohorts. However, we would argue that such projection is unnecessary in some key cases, such as for closed defined benefit pension...
Over the last twenty years, the extent of defined benefit provision has declined substantially in the United Kingdom. Whilst most of the focus has been on deficits relating to past benefit accrual, a more important consideration is the increasing cost of future...
When the car driven by insurance tycoon Neil Barraclough swerves off the road, killing both him and his much younger wife Ellen, it is written off as yet another unfortunate road accident. But when temperamental Yorkshire detective Steven Norfolk takes a closer look,...
The funding position of a defined benefit pension plan is often closely linked to the performance of the sponsoring company’s business. For example, a plan sponsor whose financial health is dependent on high oil prices may struggle during periods of oil price...
In this paper we examine two aspects of extreme events: their calculation and their communication. In relation to calculation, there are two types of extreme events that are considered. The first is the extent to which extreme events in two or more variables occur...
