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Traded Endowments

Published online by Cambridge University Press:  10 June 2011

P. McGurk
Affiliation:
Barnett Waddingham, Bow Bells House, 11 Bread Street, London EC4M 9HN, U.K. Tel: +44(0)171-427-7000; Fax: +44(0)171-427-7171

Abstract

The paper describes the main features of the market in traded endowment policies (TEPs) and the role of the main players in the market. The controversial, and related, issues of how to put a value on a traded endowment policy and the information given to investors are examined. The issues facing life offices whose policies are traded are discussed.

Type
Sessional meetings: papers and abstracts of discussions
Copyright
Copyright © Institute and Faculty of Actuaries 1998

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References

REFERENCES

Clode, P.C. (1991). The viabüty of a secondary market in mid-term life assurance policies. Ph.D thesis. Nottingham Polytechnic HEC.Google Scholar
McGurk, P. (1996). Traded endowments. Staple Inn Actuarial Society.Google Scholar
Needleman, P.D. & Roff, T.A. (1995). Asset shares and their use in the financial management of a with-profits fund. B.A.J. 1, 603688.Google Scholar