Pub Date : 1900-01-01DOI: 10.1017/S0071368600006911
A. Peacock
{"title":"The Economist's View of State Retirement Pensions","authors":"A. Peacock","doi":"10.1017/S0071368600006911","DOIUrl":"https://doi.org/10.1017/S0071368600006911","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130044510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600007515
J. B. Marshall
{"title":"Variation in the Price of Redeemable Securities by Yield and Term' (TFA v.28 p.99).","authors":"J. B. Marshall","doi":"10.1017/S0071368600007515","DOIUrl":"https://doi.org/10.1017/S0071368600007515","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134147116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600008417
A. D. Wilkie
1.1. The paper “The F.T.-Actuaries Fixed Interest Indices” by G. M. Dobbie and A. D. Wilkie ( J.I.A. , 105, 15 and T.F.A. , 36, 20.3) gave details of the purpose and construction of the F.T. -Actuaries fixed interest indices, and the note “The F.T. -Actuaries British Government Securities Indices 1976” (J.I.A., 105, 27 and T.F.A., 36, 2.1.4) gave details of the constituents, changes and values of the B.G.S. indices in 1976. The present note continues the history for a further year. 1.2. In §8.2 of the paper it was observed that during 1977 the government had issued stocks where the issue price was payable in separate “calls” on a series of dates. The published indices, however, included these stocks only when they were fully paid. An alternative series of indices has also been constructed, allowing for the calls as and when they occurred. This note gives details for the alternative series, but refers also to the published series where the results differ.
1.1. G. M. Dobbie和A. D. Wilkie (J.I.A.， 105, 15和T.F.A.， 36, 20.3)的论文“F.T.-精算师固定利率指数”详细介绍了F.T.-精算师固定利率指数的目的和构造，“1976年F.T.-精算师英国政府证券指数”(J.I.A.， 105, 27和T.F.A.， 36, 2.1.4)详细介绍了1976年B.G.S.指数的组成，变化和值。本纸币将这一历史延续了一年。1.2. 在论文的第8.2节中，我们注意到，1977年，政府发行了一些股票，其发行价格在一系列日期的单独“赎回”中支付。然而，公布的指数只在这些股票得到全额支付时才纳入其中。另外还构造了一系列索引，允许调用发生时和发生时调用。本文提供了可选系列的详细信息，但也参考了结果不同的已发布系列。
{"title":"Notes on the Financial Times-Actuaries British Government Securities Indices in 1977","authors":"A. D. Wilkie","doi":"10.1017/S0071368600008417","DOIUrl":"https://doi.org/10.1017/S0071368600008417","url":null,"abstract":"1.1. The paper “The F.T.-Actuaries Fixed Interest Indices” by G. M. Dobbie and A. D. Wilkie ( J.I.A. , 105, 15 and T.F.A. , 36, 20.3) gave details of the purpose and construction of the F.T. -Actuaries fixed interest indices, and the note “The F.T. -Actuaries British Government Securities Indices 1976” (J.I.A., 105, 27 and T.F.A., 36, 2.1.4) gave details of the constituents, changes and values of the B.G.S. indices in 1976. The present note continues the history for a further year. 1.2. In §8.2 of the paper it was observed that during 1977 the government had issued stocks where the issue price was payable in separate “calls” on a series of dates. The published indices, however, included these stocks only when they were fully paid. An alternative series of indices has also been constructed, allowing for the calls as and when they occurred. This note gives details for the alternative series, but refers also to the published series where the results differ.","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"18 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131095431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600008892
F. Redington
{"title":"The Flock and the Sheep and Other Essays.","authors":"F. Redington","doi":"10.1017/S0071368600008892","DOIUrl":"https://doi.org/10.1017/S0071368600008892","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133576827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600006467
M. Elphinstone, M. Melton
{"title":"With-Profits Group Pension Schemes.","authors":"M. Elphinstone, M. Melton","doi":"10.1017/S0071368600006467","DOIUrl":"https://doi.org/10.1017/S0071368600006467","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133814088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600007461
Basil M. Holden
{"title":"The Shortage of Mathematicians and Mathematics Teachers","authors":"Basil M. Holden","doi":"10.1017/S0071368600007461","DOIUrl":"https://doi.org/10.1017/S0071368600007461","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115225206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600008387
B. Archer, R. Hyder, J. McCutcheon, J. McIntosh, W. F. Scott
Written concurrently with the first item in C.M.I.R.3, the Faculty of Actuaries Mortality Research Group's paper determines a range within which mortality rates of Life Office Pensioners may be expected to change in the foreseeable future. Comparisons are made between the observed changes in pensioner mortality rates and those observed for the population of England and Wales, and reference is also made to the trends of mortality rates assumed in recent British population projections. From these considerations two forecasts are made, based upon “optimistic” and “pessimistic” future mortality assumptions, between which it is expected the actual future rates of mortality change will lie. In the second part of the paper the financial effects of the range of forecasts are set out, when used to project the graduated pensioner Mortality Experience 1967-70 (C.M.I.R., 2, 57). The implications are illustrated in the context of two model funds, one based upon life offices' data, and the other based upon a non-insured pension scheme for which the contribution rates vary in accordance with the levels of future expected pensioner mortality.
{"title":"Observations Arising from “The Graduation of Pensioners' and of Annuitants' Mortality Experience 1967-70”","authors":"B. Archer, R. Hyder, J. McCutcheon, J. McIntosh, W. F. Scott","doi":"10.1017/S0071368600008387","DOIUrl":"https://doi.org/10.1017/S0071368600008387","url":null,"abstract":"Written concurrently with the first item in C.M.I.R.3, the Faculty of Actuaries Mortality Research Group's paper determines a range within which mortality rates of Life Office Pensioners may be expected to change in the foreseeable future. Comparisons are made between the observed changes in pensioner mortality rates and those observed for the population of England and Wales, and reference is also made to the trends of mortality rates assumed in recent British population projections. From these considerations two forecasts are made, based upon “optimistic” and “pessimistic” future mortality assumptions, between which it is expected the actual future rates of mortality change will lie. In the second part of the paper the financial effects of the range of forecasts are set out, when used to project the graduated pensioner Mortality Experience 1967-70 (C.M.I.R., 2, 57). The implications are illustrated in the context of two model funds, one based upon life offices' data, and the other based upon a non-insured pension scheme for which the contribution rates vary in accordance with the levels of future expected pensioner mortality.","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114828416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600007096
A. Jamieson
{"title":"Actuarial Note on the Switching of Gilt-Edged Stocks","authors":"A. Jamieson","doi":"10.1017/S0071368600007096","DOIUrl":"https://doi.org/10.1017/S0071368600007096","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"124 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116325986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600009186
A. D. Shedden
{"title":"A Clarification of the Definition of “duration”, or “length”, in Traditional Immunisation Theory.","authors":"A. D. Shedden","doi":"10.1017/S0071368600009186","DOIUrl":"https://doi.org/10.1017/S0071368600009186","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117101237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600007850
J. Marshall
{"title":"The Evaluation of Ordinary Shares.","authors":"J. Marshall","doi":"10.1017/S0071368600007850","DOIUrl":"https://doi.org/10.1017/S0071368600007850","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124016111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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