Tag Archives: Embedded value

How the stock market views SJP is important to the retail finance business

Posted on August 25, 2026 by henry tapper

Gordon Aitken’s work on SJP is very important. He has discovered a difference in perception between how SJP (and maybe the wealth industry) perceives itself and how the stock market prices it. Is its book of business so fragile? There … Continue reading →

Posted in pensions | Tagged , , , , | 1 Comment

Lifetime pricing – a broken model?

Posted on May 30, 2017 by henry tapper

    Of all the orthodoxies within pension insurance, the concept of “lifetime pricing” is the most sacred. What Lifetime pricing means for an insurance company is the promise of a stable stream of profit from an insurance policy over … Continue reading →

Posted in economics, pensions | Tagged , , , , , | Leave a comment

A time for action not tears!

Posted on June 5, 2013 by henry tapper

Yesterday I was kind to insurance companies; this was a PR mistake. My inbox received a number of reproofs reminding me of the shoddiness of insurance company practice – in particular their reliance on “embedded value”. Fortunately these did not include a broadside … Continue reading →

Posted in auto-enrolment, pensions, workplace pensions | Tagged , , , , , , , | 3 Comments