What does it take to calculate a sustainable income rate?

What is a sustainable income rate? Now, this is both straightforward to define, and also very difficult to define. It is not hard to put together a high-level definition referring to unspecified likelihoods and probabilities. For example, we might define the sustainable income rate as a level of income (potentially increasing over time) that an individual can withdraw from their assets each year, such that they have a probability, P, of not running out of money within a particular period of time, T.

How do you look at your regulatory reporting

A dead weight or an opportunity to be exploited? Many are not asking the question. I have always thought of February as a month of new beginnings. It’s also the best time to ditch impossible New Year’s resolutions with a sigh of relief. On the financial reporting front, it’s a busy month. So you might want to spare a thought for those going through their first annual Solvency II reporting cycle. A lot has been said about Solvency II reporting, but to me one big question remains: what are we going to do with all the data?

FAB Index up despite fall in gilt yields

In contrast to the PPF 7800 index and other commentators’ indices, First Actuarial’s Best estimate (FAB) Index improved in February to a surplus of £288bn across the 6,000 UK defined benefit schemes. This was despite a sharp fall in gilt yields over the month and demonstrates the FAB Index’s resilience to movements in gilt yields.

Emerging technologies bring emerging risks

Latest World News

Tue, 28 Mar 2017 China calls for explanation after Paris police fatally shoot Chinese man
Tue, 28 Mar 2017 Arab leaders seek common ground at summit on Palestinian state
Tue, 28 Mar 2017 Thousands shelter as "screaming, howling" Cyclone Debbie hits north Australia
Tue, 28 Mar 2017 UK government rejects Scotland's bid for second independence referendum
Tue, 28 Mar 2017 Wary of Trump, China launches EU charm offensive: diplomats
Tue, 28 Mar 2017 U.S. probably had role in Mosul blast that killed civilians: U.S. general
Tue, 28 Mar 2017 Iran's Rouhani says Syrian peace talks to continue in Kazakhstan
Tue, 28 Mar 2017 Guns silent as engineers work to ease pressure on Syrian dam
Tue, 28 Mar 2017 Central European leaders vow not to be blackmailed by EU on migration
Tue, 28 Mar 2017 Germany launches second probe into suspected Turkish spying

Lifestyle Actuary

Zoe Bolton interviews Joe Monk, Chief Actuary, Pioneer Underwriters

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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