Description: The author encourages the use of sound actuarial principles to develop reasonable retirement spending budgets instead of rule of thumb approaches commonly used.

Description: Chairperson’s column discussing the state of the world today and how that influences investment strategies and describes to seminars the section sponsored to keep members apprised of changes.

Description: This paper establishes the need for home equity conversion schemes for the elderly. It then provides a review of literature pertinent to reverse mortgages paying particular attention to the different types of reverse mortgages and their associated risks. In an attempt to better quantify the general appreciation risk faced by financial institutions issuing reverse mortgages, ARIMA techniques are employed to model Canadian house prices in both current and real dollar terms.

Description: Proposes a benchmark consisting of TIPs and deferred income annuities for retirement asset allocation decisions.