David Blake
- Special Report
Longevity: Back to first principles
Andrew Hunt and David Blake present a new, general procedure for constructing mortality models that unbundles the age, period and cohort dimensions in the data, resulting in better understanding of historic changes in mortality and more reliable forecasts of future mortality rates
- Features
Simulating DC outcomes
Defined contribution (DC) pension schemes are complicated financial products. However, they are ideal subjects for stochastic simulation methods1, and research on them has developed to the point where we now have the basis of a commercially feasible DC pension model2. This article begins by explaining the structure of this model. ...
- Features
Institutional exposé
Institutional Investors by E P Davis & B Steil (MIT Press, Cambridge, MA, and London, UK, 2001, pp524) Institutional investors have a much bigger influence over our lives than most of us realise. This follows from the rapid institutionalisation of our savings in recent times. Not so long ago ...
