Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-19T23:13:22.506Z Has data issue: false hasContentIssue false
  • English
  • Français

Bonus distribution with high equity backing

Published online by Cambridge University Press:  20 April 2012

S. P. L. Kennedy ,
H. W. Froggatt ,
P. E. T. Hodge  and
A. S. King
Get access Rights & Permissions [Opens in a new window]

Extract

1.1. This paper is based on the report of a working party set up by the Institute Research Committee and which met for two years from December 1972. The original objectives of the working party were:

(a) to identify current philosophies of bonus distribution in a fund with a high equity content.

(b) to review the methods used for valuing assets and liabilities and the inter-relationship between the respective methods; and to consider the effect of the current philosophies of bonus distribution on those methods.

(c) to investigate methods of valuing assets and liabilities and to carry out research into methods appropriate to modern conditions.

1.2. The working party was not satisfied that it had satisfactorily achieved its objectives but, nevertheless, felt that it should report the progress it had made. The full report is available from the Institute Library together with synopses of some forty papers that were considered relevant. This paper omits the two sections of the report which reviewed current methods of valuation for publication of assets and liabilities and expands other sections in the light of recent events.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 103 , Issue 1 , June 1976 , pp. 11 - 58
Copyright
Copyright © Institute and Faculty of Actuaries 1976

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Anderson, J. L. and Binns, J. D. The Actuarial Management of a Life Office. J.I.A. 83, 112.Google Scholar
Day, J. G. and McKelvey, K. M. The Treatment of Assets in the Actuarial Valuation of a Pension Fund. J.I.A. 90, 104.Google Scholar
Dow, R. E. Bonus Declaration in a Mutual Life Office. A.S.M. 5, Pt. 2.Google Scholar
Gilley, D.F. and Funnell, D. Valuation of Pension Fund Assets. J.S.S. 15, 43.Google Scholar
Heywood, G. and Lander, M. Pension Fund Valuations in Modern Conditions. J.I.A. 87, 314.Google Scholar
Moody, P. E. Life Funds and Equity Investment. J.I.A. 90, 175.Google Scholar
Redington, F. M. Review of the Principles of Life Office Valuations. J.I.A. 78, 286.Google Scholar
Skerman, R. S. The Assessment and Distribution of Profits from Life Business. J.I.A. 94, 53.Google Scholar
Skerman, R. S. The Work of a Life Office Actuary in the United Kingdom; Recent Developments and a Look into the Future. J.I.A. 100, 35.Google Scholar
Springbett, T. M. Valuation for Surplus. T.F.A. 28, 231.Google Scholar