Outputs (2)

The Economic Policies of Lord Liverpool (2021)
Journal Article
Hutchinson, M., & Dowd, K. (2021). The Economic Policies of Lord Liverpool. The Cato journal, 41(3), 711-727. https://doi.org/10.36009/cj.41.3.12

Discounting the Discounted Projection Approach (2021)
Journal Article
Buckner, D., & Dowd, K. (2022). Discounting the Discounted Projection Approach. North American Actuarial Journal, 26(4), 521-536. https://doi.org/10.1080/10920277.2021.1916537

UK equity release actuaries are using a flawed approach to value the no-negative equity guarantees in their equity release mortgages. The approach they use, the Discounted Projection approach, incorrectly uses projected future house prices as the und... Read More about Discounting the Discounted Projection Approach.