2001) in that faster reaction generates stronger mean reversions
The article also examines the issues appraisers face when market expectations about reversions
drift from rationally plausible to highly improbable and unsupported by a preponderance of evidence.
The number of home reversion
schemes taken out increased by six per cent, as Financial Services Authority regulation of the products, which was introduced in April last year, boosted confidence in them.
This money will become increasingly important to lifestyle, says Sovereign reversions
, as pension provision in the private sector becomes poorer: final salary schemes are being consigned to history, while annuity rates are shrinking because of increased life expectancy.
From April 6, the Financial Services Authority (FSA), the Government's City watchdog tasked to provide a fair deal for consumers, will regulate home reversion
plans, which enable owners to unlock the value of their homes without moving.
On one hand, ERIC offers to advise elderly people on buying into home reversion
schemes, on the Cavendish site, they advise people how to make money by selling them
Leading home reversion
provider Bridgewater Equity Release has appointed two new members to the team as part of an ongoing skills development at the company.
The main schemes are lifetime mortgages, interest-only, rolled-up interest, home income and home reversion
This, it claims, may result in consumer confusion, and may lead to brokers favouring lifetime mortgages over home reversions
due to regulatory reasons and will ultimately reduce overall development of the equity release market.
4980(d)(2), the excise tax on employer reversions
from a terminating DB plan is reduced from 50% to 20%, if 25% of the plan's residual assets are transferred to a replacement plan.
The inverse of the mean reversion
rate (1/[kappa]) can be interpreted as the number of periods elapsed between reversions
, in effect, it measures the speed of reversion
Lawmakers levied a 10-percent (nondeductible) excise tax on reversions
from defined benefit plans -- a levy that became known as the "reversion
The Congressional Joint Committee on Taxation has estimated that companies would use this provision to take $30 billion to $40 billion out of their pension plans over the next five years -- almost twice the total amount of all reversions
taken from corporate pension plans since 1982.
The presence of such fears is almost always evident in the wake of highly publicized terminations involving huge plan surpluses, such as the Occidental Petroleum ($250 million) and United Air Lines ($962 million) reversions
The excise tax on reversions
of excess pension plan assets to the employer on termination of a pension plan also goes up.