volume 10, issue 2, P185-222 2004
DOI: 10.1017/s1357321700002804
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D. W. Dullaway, P. D. Needleman

Abstract: ABSTRACTThe paper addresses some of the practical and theoretical issues raised by the move to a market consistent calculation of realistic liabilities and solvency capital for with-profits business. It also proposes some changes to the presentation of the realistic balance sheet, which the authors believe will provide greater transparancy, and more closely reflect the way in which with-profits business should be managed in future.