Bristol Actuarial Society
Contents.....
Past Events
- FRS17 (29/02/2001)
- Hare and Hound Results (30/11/2001)
- Demystifying
Capital Management in the Life Insurance Industry (14/11/2001)
- AGM and Actuarial Implications of Myners Report and Sandler
Review (9/10/2001)
- The Equitable Court Case (1/3/2001)
- Education Strategy (7/11/2000)
- A
Market-Based Approach to With-Profits Pricing (17/4/2000)
- Stakeholder
Pensions - Current Views (18/1/2000)
- Earlier Reports
webmaster: Mark.Rothwell@ace-ina.com
Objectives.....
To provide local opportunities for all members of the Actuarial profession to meet, discuss and debate matters of professional interest.
Forthcoming Events.....
Bristol Actuarial Society is particularly keen to promote more social events and sporting challenges. The committee members listed below would be keen to hear about your ideas and thoughts.
Past Events.....
(29th January 2002)
Click here for link to write-up supplied by Peter Bainbridge
Links for Hare and Hounds result (MS Excel format):
... and the answers (all in MS Word format):
(14th November 2001, Axa Sun Life)
Click here for Write Up by Greg Pinnell (Clerical Medical)
(5th October 2001, Clerical Medical)
Click here for link to Annual Report (Word Document)
Click here for link to Jackie Well's Presentation (Powerpoint)
(1st March 2001, Axa Sun Life)
Click here to see slides (PowerPoint)
Click here to see write up from Mike Elcock (word)
(7th November 2000, Clerical Medical)
Click here for Institute and Faculty papers
Institute Sessional Meeting - A Market-Based Approach to With-Profits Pricing
(17th April 2000, SS Great Britain, Bristol)
Click here for link to paper (pdf file)
Stakeholder Pensions - Current Views
(18th January 2000, Axa Sun Life, Bristol)
Colin Grindle (Head of Pensions, Lloyds TSB) started the meeting with his own personal views on the development of stakeholder pensions from the perspective of the employer. Colin explained that he thought changes in remuneration and working patterns would mean that the flexibility of stakeholders may be attractive to some parts of the working population. Stakeholders may well sweep up pension provision for a lot of those people who currently have no provision, but Colin was also concerned that those employers with existing good quality occupational pension schemes, particularly defined benefit schemes, might use this as the driver to reduce the level of pension provision. In doing so they could avoid potential accounting problems and at the same time "blame the change on the Government".
Adrian Boulding, Pensions Strategy Director, Legal & General, was speaking on behalf of the pension providers, and was very enthusiastic about stakeholders. He believed that there was a lot of good quality business out in the market, but that the providers should get in there sooner rather than later. Also before getting into the market the providers must appreciate that, because there are no front end loads, it may be a while before anyone makes a profit on this type of business.
Philip Telford, Senior Policy Adviser, Consumer Association started by giving a bit of background on the role of the Consumer Association in pension provision before going on to give his views on the pros and cons of stakeholder pensions. He sees a lot of attractions for consumers particularly stakeholder pensions' relative simplicity and low charges, and automatic deduction of contributions via payroll. However, like Colin, he has concerns about the impact on good employers' schemes.
Following the presentation there were a number of questions covering wide ranging issues including education, provision of advice, compulsion, range of investment choices including with profit funds, and experiences abroad including 40lKs and the American sitcom "Friends".
- Mike Butterfield
Reports where available from meetings from Dec 1998 can be found by clicking here
Students.....
The Bristol Actuarial Society's representative at the student consultative committee is Karen Strudwick-Tettmar. The next meeting of the SCC will be held in November 2001. If you have any concerns about exams, tuition or any other student issue, please contact Karen by email at karen.strudwick-tettmar@eu.watsonwyatt.com.
Committee Members 2001/2002.....
| Adrian Saunders (President of Society and Chairman of Committee) | Clerical Medical |
| Anne Stoye (Treasurer) | Friends Provident |
| David Neville (Hon. Secretary) | Axa Sun Life |
| Karen Strudwick-Tettmar (Student Representative) | Watson Wyatt |
| Anna Bishop | Axa Sun Life |
| Gareth Jenkins | Zurich |
| Matthew Hedges | Clerical Medical |
| Peter Bainbridge | BBS Consultants & Actuaries |
Links.....
Bristol Actuarial Society Walking Club
Bristol Actuarial Society Classical Music Club