Hostname: page-component-78c5997874-lj6df Total loading time: 0 Render date: 2024-11-14T07:03:48.858Z Has data issue: false hasContentIssue false
  • English
  • Français

Widows' Funds: Some Notes on Theory and Practice

Published online by Cambridge University Press:  07 November 2014

D. A. B. Scrimgeour
Get access

Synopsis

The Paper deals with some of the problems which arise in the valuation of Widows' Funds with special reference to the Widows' Funds of certain professional bodies in Scotland.

An analysis is made of data derived from the Scottish Bankers' Marriage and Mortality Experience 1923–1943 (T.F.A., 19, p. 149) with a view to determining the applicability of the Collective Method to a valuation of the “existing” at the close of that Experience.

The various factors entering into a Widows' Fund valuation are examined in relation to a particular Fund and the importance of the valuation rate of interest illustrated.

The Paper concludes with a discussion of the “reserve for loss on future entrants” often met with in the valuations of such Funds, and of the arguments for and against proposals which have been made for its elimination.

Type
Research Article
Information
Transactions of the Faculty of Actuaries , Volume 20 , 1951 , pp. 145 - 191
Copyright
Copyright © Institute and Faculty of Actuaries 1951

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

page 145 note 1 “Scottish Bankers' Marriage and Mortality Experience, 1923–1943,” by W. B. Borthwick, F.F.A.; J. M. Denholmi, M.A., F.F.A.; J. G. Wallace, M.A., F.F.A.; and G. Waugh, F.F.A., F.S.S. (T.F.A., 19, p. 149).