The grant worth £56,000, received by Professor Tunaru, will fund key research into determining appropriate methods for determining ERM cashflows and their value.
Director of the University of Kent research centre CeQuFin, Professor Radu Tunaru received the grant from the Institute and Faculty of Actuary and the Association of British Insurers to study Equity Release Mortgages: No Negative Equity Guarantee (NNEG). This important asset class can offer the government a solution to two important problems that our society is facing, the cost of long-term care and improving pensions.
Visit The Institute and Faculty of Actuaries website to learn more about the research and its objectives.