Variable Annuities

2008 ◽  
Vol 14 (2) ◽  
pp. 327-389 ◽  
Author(s):  
M. C. Ledlie ◽  
D. P. Corry ◽  
G. S. Finkelstein ◽  
A. J. Ritchie ◽  
K. Su ◽  
...  
Keyword(s):  
Risk Management ◽  
United Kingdom ◽  
Product Development ◽  
International Markets ◽  
Variable Annuities ◽  
The United Kingdom ◽  
Current State ◽  
Annuity Market ◽  
Definition Of ◽  
Customer Outcomes

ABSTRACTThis paper provides a detailed overview of variable annuities. Consideration is given first to the definition of the term variable annuity. Common terminology used in the variable annuity market is introduced. The current state of the United Kingdom and other international markets is described. Then, by reference to a simplified product, an analysis of customer outcomes, pricing, reserving, risk management and hedging is carried out. The paper ends with a description of current U.K. pensions legislation and how it potentially constrains product development.

Risk Privatisation and Social Investment – Self-Employment in the United Kingdom

2020 ◽  
Vol 66 (3) ◽  
pp. 261-283
Author(s):  
Kevin Caraher ◽  
Enrico Reuter
Keyword(s):  
Risk Management ◽  
United Kingdom ◽  
Private Insurance ◽  
Social Investment ◽  
Work Related ◽  
Policy Interventions ◽  
Self Employment ◽  
The United Kingdom ◽  
Social Risks ◽  
The One

Abstract With increasing numbers of self-employed persons in the United Kingdom (UK) struggling to protect themselves via personal savings or private insurance against work-related social risks (an issue that has gained further importance in light of the Covid-19 pandemic), this article first discusses self-employment as a type of work that implies intrinsically privatised forms of risk management. Secondly, current social policy interventions towards vulnerable self-employed persons in the United Kingdom (UK) are analysed to identify the mix of instruments used for, on the one hand, investment and support and, on the other hand, conditionality, coercion and activation. Finally, we explore how responsibilities for risk management manifest themselves and argue that the expansion of activation and conditionality increases pressures upon self-employed workers with insufficient incomes and thus indicates a far-reaching risk privatisation, while undermining the idea of a meaningful social investment approach.

Engineering Design: A Perspective on U.K. and Swiss Developments

1990 ◽  
Author(s):  
W. Ernst Eder
Keyword(s):  
United Kingdom ◽  
Engineering Design ◽  
State Of The Art ◽  
International Group ◽  
The United Kingdom ◽  
Current State

Abstract Historic developments, and the current state of the art are surveyed in thought, theory, methods and methodology, and education for and about engineering design. This survey covers two particular and disparate regions, the United Kingdom, and Switzerland, the latter including the activities of an international group centered in Zürich known as WDK — Workshop Design-Konstruktion.

Wheat offals: their grading, composition and digestibility

1923 ◽  
Vol 13 (4) ◽  
pp. 483-507 ◽  
Author(s):  
Herbert Ernest Woodman
Keyword(s):  
United Kingdom ◽  
National Association ◽  
The United Kingdom ◽  
Definition Of

In 1913 the National Association of Millers was invited by the Board of Agriculture to formulate a definition of the term “Millers' Offals.” After some discussion the Association forwarded the following resolution: “That millers' offals, or wheaten offals sold as such, are the products of wheat and of the vegetable substances extracted from the wheats of commerce in the process of cleaning; but the proportion of such extraneous matter shall not exceed the percentage found in the wheats imported into the United Kingdom.”

scholarly journals A Comparative Survey Of Capital Investment Decision Practices In The United States And The United Kingdom

2011 ◽  
Vol 1 (11) ◽  
Author(s):  
Thomas Klammer ◽  
Neil Wilner ◽  
Jan Smolarski
Keyword(s):  
United States ◽  
Risk Management ◽  
United Kingdom ◽  
The United States ◽  
Capital Expenditures ◽  
The United Kingdom ◽  
Management Techniques ◽  
Comparative Survey ◽  
The Uk

Capital expenditures can be crucial to firms long-term success, especially in a complex global environment. As companies increasingly compete in the global market place, it is important to study project evaluation processes from an international perspective. Capital investments involve substantial monetary commitments and risks that affect long-term firm profitability and influence capital allocation decisions in the future. Survey research in the area of capital expenditure analysis has been extensively done in both the United States [US] and the United Kingdom [UK]. This research is the first comparative survey of practices in both countries that we are aware of. A direct comparison of the use of project evaluation, management science, and risk management techniques in the two countries is made. The survey instrument used is an adaptation of the Klammer [1970] instrument that has been used repeatedly in surveys of American firms. This is the first time that it has been applied to British firms. The use of a common instrument allows for more meaningful comparisons. The samples consisted of 127 American and 59 British firms with sales of at least $100 million and capital expenditures of at least $10 million. Preliminary results indicate a continued extensive use of discounted cash flow techniques by US firms. Techniques such as payback or urgency continue to be used, but to a lesser degree than discounting. Firms in the UK also make extensive use of discounting but do so to a lesser degree than their American counterparts. Payback is widely used in the UK. Risk management techniques are widely used in both countries, with sensitivity analysis being the most popular technique in both countries. Extensive use of technical and administrative procedures, such as detailed budgets, standardized forms and post-audits, are evidenced in both countries. The paper offers reasons that have to do with organizational structure and form, as well as market differences, to explain our results.

19. Breach of confidence: Trade secrets and private information

2019 ◽  
pp. 483-512
Author(s):  
Stavroula Karapapa ◽  
Luke McDonagh
Keyword(s):  
United Kingdom ◽  
Private Information ◽  
Technical Information ◽  
European Convention ◽  
Trade Secrets ◽  
The Right To Privacy ◽  
Common Definition ◽  
The United Kingdom ◽  
Definition Of ◽  
The Right

This chapter studies breach of confidence. In the United Kingdom, the area of breach of confidence has traditionally been used to protect ideas and information, including trade secrets. The doctrine of breach of confidence is judge-made law, rooted in equitable principles. In consequence, it has developed in a piecemeal, and sometimes contradictory fashion, so that the rationale for the action has not always been clear. Nevertheless, the law of confidence is broad enough in the United Kingdom to encompass: the common definition of a trade secret (commercial, usually technical information); personal, private information which may also have a commercial value (including information which may be protected under the right to privacy under Art. 8 of the European Convention on Human Rights (ECHR)); and information protected by the state. The chapter then looks at the role of trade secrets in intellectual property law and considers the EU Trade Secrets Directive.

Unitised with Profits – Gamaliel's Advice

1992 ◽  
Vol 44 ◽  
pp. 243-294
Author(s):  
J. E. O'Neill ◽  
H. W. Froggatt
Keyword(s):  
United Kingdom ◽  
Product Development ◽  
Recent History ◽  
Valuation Methods ◽  
The United Kingdom ◽  
Different Types ◽  
History Of

AbstractThe paper deals with the development of unitised with-profits business in the United Kingdom. The authors trace the recent history of these products and comment on the main reasons for their development. They also deal with corporate issues, including implications for policyholders and shareholders of different fund structures and different types of life office. Pricing and product development issues are also covered. Reserving issues including the range of valuation methods, statutory requirements and policyholders' reasonable expectations are explored. Finally the paper considers the actuary's contribution to the management of unitised with-profits policyholders' expectations.

A Call for a National Digitization Strategy in the United Kingdom

2005 ◽  
Vol 17 (2) ◽  
pp. 89-96 ◽  
Author(s):  
Barbara Bültmann
Keyword(s):  
United Kingdom ◽  
The United Kingdom ◽  
Current State ◽  
Future Potential ◽  
The Creation ◽  
The Uk

This article calls for the creation of a national digitization strategy in the United Kingdom. It summarizes the author's research into the current state of digitization in the UK with reference to present strategy, direction and funding. The application of a defined strategy is contentious and the author considers arguments on both sides of the debate. The author argues however that digitization has ‘come of age’ and that it is essential that integration and harmonization of methods are considered by UK stakeholders in order to maximize future potential. The author proceeds to suggest what future steps are necessary to achieve this goal.

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