Retirement savings is an industrial issue


Chris Rowley

 et al.

While many pension provisions in the private sector have been eroded over the years, the 2008 financial crisis ratcheted up changes.

With this in mind, Dr Carol Royal, Visiting Fellow at Cass Business School, and Professor Chris Rowley suggest that superannuation is an industrial relations issue, and it should not be separated from wage negotiations.

Updated: 14/01/2013
Views: 3,841

Optimal risk transfers in insurance groups


Vali Asimit

 et al.

Insurance groups often comprise a number of distinct legal entities, operating in different territories. Diversification across an insurance group is no trivial matter and the way it operates depends on the group's legal structure.

In comparison to previous literature on this topic, the focus here is on deriving optimal functional forms of risk transfers. Read the full article and let us know what you think.

Updated: 14/01/2013
Views: 4,392

A savings plan with targeted contributions


Iqbal Owadally

 et al.

With the cost of living on the rise and job certainty in doubt, many people are putting aside funds to meet a certain demand in the future. This could be for a child's education, a new property or a pension.

Two decisions must be made: how much the monthly contributions will be and where the money will be invested. This paper considers the first of those decisions. Would you prefer to save a fixed amount of money each month or alter your contributions according to income and circumstance?

Updated: 14/01/2013
Views: 4,125

UK state pension reform in a public choice framework

Social security systems for old age have been explicitly studied in a public choice framework for over 30 years. They illustrate extremely well the problems of allocating economic resources through a system of voting.

This paper examines the incentives facing voters to expand state pension provision and the possibilities of reducing state pension provision by increasing state pension age. As such it is of great relevance for the study of policy in ageing societies where implicit pension liabilities are increasing and will prove difficult to reduce.

Updated: 14/01/2013
Views: 4,939

Optimal capital allocation principles

This paper develops a unifying framework for allocating the aggregate capital of a financial firm to its business units.

Updated: 05/01/2015
Comments: 33
Views: 18,923

Research into long term care for the elderly

Rickayzen and Walsh (2002), built a multiple state model which can be used to project the number of disabled people in the UK over the next 35 years. By focusing on the population who are over age 65 and projected to have severe disabilities, we are able to estimate the future long term care (LTC) demand over the next three decades.

Updated: 16/12/2014
Comments: 5
Views: 5,056

What is wrong with the chain ladder technique(?)

The title is both a statement and a question, and in the talk you will find a list of things that are wrong with the chain ladder technique but also a question asking whether it is so bad after all.

Updated: 31/12/2014
Comments: 10
Views: 17,833

Longevity hedging: a framework for longevity basis risk analysis and hedge effectiveness


Guy Coughlan

 et al.

Basis risk is an important consideration when hedging longevity risk with instruments based on longevity indices, since the longevity experience of the hedged exposure may differ from that of the index.

Updated: 01/01/2015
Comments: 7
Views: 5,971

Making the most of experience data – an augmented beta-binomial approach

In this paper I propose an augmentation to the beta-binomial approach which not only allows for the information contained in ages near to the age under analysis, but also for variation in risk types across the different ages.

Updated: 22/09/2011
Views: 4,322