Description: The article describes the 2017 Redington Prize-winning paper "Lapse-and-Reentry in Variable Annuities", by Thorsten Moenig and Nan Zhu, FSA.

Description: This article provides key insights and data samples about various approaches to pension investing. Article from Risk and Rewards, August 2006, Issue No. 48.

Description: Feature article discussing the creation and effects of orphaned VEBAs, Voluntary Employee Benefit Associations.

Description: The author discusses how the use of a weighted average dollar duration book yield, WADD, rather than the more traditional book yield determined by book value or market value weighting, can provide a better basis for determining the crediting rate on the liabilities.

Description: Measuring Fair Value for Participation Units of Stable Value Pooled Funds

Description: Summary of April 2020 Investment Section Town Hall and come additional commentary.

Description: This article lays out a generic framework on how to hedge a European call option on a non-dividend paying stock using futures in a stochastic interest rate environment.

Description: Profitability of traditional life and health products has long been considered less sensitive to changes in interest rates than profitability of universal life, SPDAs, or other “interest-sensitive” products. Consequently, traditional products have often been priced with a single deterministic interest scenario.

Description: The Case Against Stock in Corporate Pension Funds

Description: Bond Prices, Yields, and Convexity by Macroeconomic Advisers from Risks and Rewards Newsletter, April 2000, Issue No. 34.