The paper “Placing Value on Tax Losses in the Unit Pricing of Life Company Internal Funds”, examines for both expanding and contracting ‘I-E’ funds:
In the paper the unit pricing implications of using different tax loss value algorithms is illustrated graphically.
Authors: John Caslin, FSAI and George McCutcheon, FSAI Biographical details:
John Caslin is a director of Alder Capital Limited, a specialist currency fund management company, and is a former Chairman of the Education Committee and of the Investment & Finance Committee of the Society of Actuaries in Ireland.
George McCutcheon is a director and co-founder of Financial Risk Solutions, an Irish software company specialising in the licensing of fund administration software to life assurance companies. Prior to joining FRS, he was an executive director of Irish Progressive Life Assurance Company.