Abstract

This chapter presents a brief description of some development both in sources of statistics and in their presentation that would improve the current availability of information about life offices and pension funds in the United Kingdom. Much of the data collected in the life insurance field is incompatible in matters of trivial detail, for example, some offices when recording details of female lives merely record them as males with ages reduced by an appropriate number of years while others use the true age and classify them as females. It should not be difficult to code them so that they can be used for statistical purposes. Some offices record age at death as age nearest birthday, others as age next or last birthday. Many of the large performance measures have their client's information passed to them through computer as an event happens, for example, when details of an investment transaction are entered from a contract note to a company's own administration systems, the information is simultaneously passed to the performance measurers.

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