Description: This paper takes the position that a retirement plan should not be evaluated differently than other financial arrangements, and, therefore, its value should be measured through a utility function. The paper then suggests a method of incorporating utility theory into the retirement plan design model. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: In this article, the author talks about reforming the Canadian pension system.

Description: Editorial that explores how underlying issues of the economic bubble were actuarial in nature.

Description: This paper compares the development of the more flexible reporting for pension commitments by the sponsoring employer in Australia to the standard-driven reporting in the United States and the United Kingdom. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper considers the pension plan as part of the capital structure of the sponsoring employer, enabling lessons from financial theory concerning capital structure to be used to answer the questions about what assets a pension fund should hold. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: Discussion of the ways the volatility of the full funding limitation can be used as a consulting opportunity. Discussion of smoothing cash flow in the current regulatory environment and cash-flow forecasting in a volatile market.

Description: This presentation from Session 69 of the SOA May 2004 Anaheim Spring Meeting discusses the application of financial economics on smaller pension plans, in particular, those of private and nonprofit organizations. Panelists address agency cost, closely held corporation issues, impact of bundled service arrangements and investment constraints From the Record of the Society of Actuaries, Vol. 30, No. 1.

Description: The editorial provides an overview of articles in this issue that explore and illustrate solutions to current retirement challenges.

Description: Panelists discuss a new actuarial textbook. Addressed are the rationale for the book, layout, and some practical applications of financial economics in an insurance or annuities context. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: This paper discusses the level of reserve funds that a pension plan should maintain to protect itself from a downturn in the financial markets. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.