Yes, bugger that they have to hold the investments in gilt-edged bonds and bank deposits which pay bugger all - and rising bond rates would have significantly reduced bond values?
Printable View
Balance - do actuaries still exist or Is the calculation of likely future liabilities all done by AI ...and hope they dont get it wrong.
I worked at Tower many many years ago and the actuary was God ....one of them tried to get me to become one as he thought I had the smarts to be a good one ...but it seemed a pretty boring job....and they weren't exactly the life and soul of the party
Not forever though. Bonds expire and get replaced by higher yield paper. In theory.
They could sell short dated bonds first which in theory trade close to par.
6.5% dividend yield?