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Deposit Administration

Published online by Cambridge University Press:  11 August 2014

M. Iqbal
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Extract

An employer contemplating the setting up of a pension scheme might wish to use the investment facilities of a life office for one of two reasons. He might wish to insure the investment risk; he might wish to use the life office's investment expertise in preference to his own or those of, say, an outside adviser. These are two distinct requirements and in analysing the usefulness of an insured pension scheme they have to be considered separately. This paper is concerned primarily with the former.

As, except in the case of the managed fund, no part of the life office's assets are allocated to any individual scheme, actuaries have devised various methods of allocating investment return to the scheme. This paper concentrates on the system known as Deposit Administration (DA).

Type
Research Article
Information
Journal of the Staple Inn Actuarial Society , Volume 23 , December 1979 , pp. 43 - 74
Copyright
Copyright © Institute of Actuaries Students' Society 1979

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References

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