This paper explores the application of ERM-style techniques
to occupational pension schemes (known as IORPs in the EU). Its abstract is set
out below.
Presentations linked to this paper given to the Groupe
Consultatif and to the Institute and Faculty of Actuaries are available here
and here.
A Japanese translation of the paper is available here.
References contained in the paper are set out below.
Author(s)
|
Title
|
Ambachtsheer,
K.P. (2007)
|
Pension Revolution: A Solution to the Pensions Crises
|
Bank of
England (2009)
|
Recovery and Resolution Plans - Remarks by Andrew Bailey
|
BAS (2009a)
|
Technical Actuarial Standard D: Data
|
BAS (2009b)
|
Technical Actuarial Standard M: Modelling
|
BAS (2010)
|
Technical Actuarial Standard R: Reporting Actuarial
Information
|
Byrne, P.,
Mitchell, R., O’Sullivan, D. and Sykes, I. (2009)
|
Pension risk: Risk management for pension schemes
|
CEIOPS
(2009a)
|
CEIOPS Advice for Implementing Measures on Solvency II:
Supervisory Reporting and Public Disclosure Requirements
|
CEIOPS
(2009b)
|
CEIOPS Advice for Implementing Measures on Solvency II:
System of Governance
|
CEIOPS (2010)
|
CEIOPS response to European Commission Green Paper –
“Towards adequate, sustainable and safe European pension systems”
|
Chapman, R.J.
(2006)
|
Simple tools and techniques for enterprise risk management
|
Chapman,
R.J., Gordon, T.J. and Speed, C.A. (2001)
|
Pensions, Funding and Risk
|
Clark, G.
and Urwin, R. (2007)
|
Best-Practice Investment Management: Lessons for Asset
Owners
|
Deighton,
S.P., Dix, R.C., Graham, J.R. and Skinner, J.M.E. (2009)
|
Governance and Risk Management in United Kingdom Insurance
Companies
|
EC
(2010)
|
Towards adequate, sustainable and safe European pension
systems
|
EIU (2009)
|
Beyond box-ticking: A new era for risk governance
|
FSA (2009)
|
Discussion Paper 09/4: Turner Review Conference Discussion
Paper. A regulatory response to the global banking crisis: systemically
important banks and assessing the cumulative impact
|
FSA (2010)
|
Consultation Paper 10/03: Effective corporate governance
(Significant influence controlled functions and the Walker review)
|
Groupe
Consultatif (2010)
|
Security in occupational pensions
|
Hatchett,
J., Bowie, D. and Forrester, N. (2010)
|
Risk management for DB pension funds
|
Hitchcox,
A.N., Klumpes, P. J. M., McGaughey, K. W., Smith, A. D. and Taverner, N. H.
(2010)
|
ERM for Insurance Companies - Adding the Investor’s Point
of View
|
HM Treasury
(2009)
|
A review of corporate governance in UK banks and other
financial industry entities - Final Recommendations
|
IAA (2009)
|
Note on Enterprise Risk Management for Capital and
Solvency Purposes in the Insurance Industry
|
IASB (2010)
|
Defined benefit plans: Proposed amendments to IAS 19,
Exposure Draft/2010/3
|
ICAEW (2002)
|
No surprises: working for better risk reporting
|
ICAEW (2005a)
|
Risk management: Risk Management among SMEs
|
ICAEW (2005b)
|
Risk management: A guide for finance professionals
|
IFRS (2010)
|
Management Commentary: A framework for presentation
|
Kelliher,
P.O.J., Wilmot, D., Vij, J. and Klumpes, P.J.M. (2011)
|
Discussion Paper: A Common Risk Classification System for
the Actuarial Profession
|
Kemp, M.H.D.
(2005)
|
Risk Management in a Fair Valuation World
|
Kemp, M.H.D.
(2009)
|
Market consistency: Model calibration in imperfect markets
|
Kemp, M.H.D.
(2010)
|
Extreme Events. Robust Portfolio Construction in the
Presence of Fat Tails
|
Kemp, M.H.D.
(2010a)
|
Liquidity Risk - Its Relevance to Actuaries
|
Kemp, M.H.D.
(2011)
|
Entity-wide risk management for pension funds
|
Kenyon, C.
(2010)
|
Post-shock short-rate pricing
|
Knight, F. H.
(1921)
|
Risk, Uncertainty and Profit
|
Kocken, T.P.
(2006)
|
Curious Contracts: Pension Fund Redesign for the Future
|
Lam, J. (2003)
|
Enterprise Risk Management
|
Lewin, C.
(2010)
|
The New ERM Guide
|
O’Brien,
C., Woods, M. and Billings, M. (2010)
|
Pension risk disclosures by FTSE100 companies
|
OECD/IOPS
(2011)
|
Good practices for pension funds’ risk management systems
|
Orros,
G.C. and Smith, J. (2010)
|
ERM for health insurance from an actuarial perspective
|
Reinhart,
C.M. and Rogoff, K.S. (2009)
|
This Time is Different: Eight Centuries of Financial Folly
|
Scott, P.
(2010)
|
Making money safely: A personal view of risk management in
non-financial corporates, insurance and banking
|