1 INVESTMENT
1.1 Socially responsible investment
(2005) “The Relative Investment Performance of the Community Growth Fund” South African Actuarial Journal 5:1-26
(1998) “Effective and Ethical Institutional Investment”, British Actuarial Journal 4.V: 969-1027 Earlier version at: http://mq.library.ingentaconnect.com
(1993) “The Community Growth Fund - Socially Responsible Investment”, Praxis - Journal for Christian Business Management 1.2:7-14
(1991) “Should Prescribed Assets be Reintroduced?” Trustee Digest (With Adler T), October
1.2 Governance
(2004) “Shortchanged: conflicted superstructures” UNSW Centre for Pensions and Superannuation colloquium - to be published as a chapter of Selected Papers. Can be found at http://wwwdocs.fce.unsw.edu.au/fce/Research/ResearchMicrosites/CPS/Asher.pdf
(1998) St Augustine’s College winter school: “A traditional theory of justice and the South African Constitution.” Ethics in the Workplace, ed E H Raidt, St Augustine Publications, Johannesburg, 109-120
(1998) “Wider Fields and Misselling” The Actuary, Staple Inn Actuarial Society, June
(1998) “Life Offices as Commodities” The Actuary, Staple Inn Actuarial Society, March
(1997) “Shareholder democracy by enfranchising holders of N shares”, Praxis - Journal for Christian Business Management 5.3:9-10
(1997) “Of Mutuals and Monopolies” The Actuary, Staple Inn Actuarial Society, November
(1996) “Attitudes must change on top”, Praxis - Journal for Christian Business Management 4.1: 23-24
(1995) “Disclosure and Transparency” Institute of Retirement Funds of South Africa meeting
(1995) “Addressing Corruption: Grand and not so Grand”, Praxis - Journal for Christian Business Management 3.3:15-20
(1992) “Pension Fund Democracy”, Transactions of the Actuarial Society of South Africa IX.II:61-91
(1992) “Pension and Provident Funds: Taking Control,” Trends in SA Labour Law: Selected Papers from the 4th Annual Labour Law Conference 1991 (edited P Benjamin, `J Campanella, I de Villiers), Centre for Applied Legal Studies, Johannesburg: 121-128
(1991) “Structural Options for Matching Rights and Obligations in the Workplace” Newick Park Initiative workshop - Nationalization: Implications and Alternatives, in Hastings, UK
1.3 Housing Finance
(1994) “Managing the Financial Costs of Housing”, Journal of Actuarial Practice, 2.1:125-144
(1993) “Salary Linked Home Finance - Applying Investment Principles and the Ban on Usury to Housing”, Praxis - Journal for Christian Business Management 1.1:10-15
(1992) “Salary Linked Home Finance - An Actuarial Approach” Transactions of the 24th International Congress of Actuaries, Montreal
(1991) “The Perm's Salary Linked Home Financing Scheme.” Trustee Digest, April
(1991) “Salary Linked Home Finance - An Economic Approach to Social Investment”, Transactions of the Actuarial Society of South Africa IX.I:289-305
1.4 Other
(2007) “Mean Reversion in investment markets: the implications for investors and regulators” Australian Actuarial Journal 13.2 721-770
(2006) with Rita Cham “Auditing Daily Prices: Administrative and Investment Errors” Macquarie University Department of Actuarial Studies Working Paper http://www.acst.mq.edu.au/__data/assets/pdf_file/15512/200601_Auditing_Daily_Prices.pdf
(2006) “Mean reversion in investment markets: a survey” Presented to Institute of Actuaries Financial Services Forum http://www.actuaries.asn.au/IAA/upload/public/fsf06_paper_asher_mean%20reversion.pdf
(2005) “Resilience Reserve Taskforce (2005) Report” (with Colin Grenfell, Anton Kapel, Martin Paino, Ken Ragell, Michael Sherris and James Wang) Presented to the Institute of Actuaries of Australia Biennial Convention http://www.actuaries.asn.au/IAA/upload/public/RESILIENCE20REPORT20June.pdf
2 FINANCIAL PRODUCTS AND BENEFIT DESIGN
(2007) “Pension Benefit Design and the Integration of Insurance Benefits over the Life Cycle.” South African Actuarial Journal 7:73–115. An earlier version at: http://www.acst.mq.edu.au/docs/research_papers/2007/integrating_insurance.pdf
(2007) “Smoothing Investment Returns” Chapter 8 in Retirement Provision in Scary Markets, ed Hazel Bateman, Edward Elgar. An earlier version at: http://wwwdocs.fce.unsw.edu.au/fce/Research/ResearchMicrosites/CPS/aasher03.pdf
(2003) “Meeting Consumers’ Needs” Chapter 5 in Understanding Actuarial Management: the actuarial control cycle, ed Clare Bellis, John Shepherd & Richard Lyon, Institute of Actuaries of Australia, Sydney 71-108
(2002) “Smoother ways of smoothing” The Actuary, Staple Inn Actuarial Society, September
(2000) “Designing benefits for the new century” Retirement Funding: A Source Book for Trustees (ed M Dagut), Business Day, Liberty Asset Management, University of the Witwatersrand
(1999) “Loading members with Investment Choice”, Journal of Pensions Management 5.1: 76-85
(1997) “The Coming Crash” The Actuary, Staple Inn Actuarial Society, December
(1992) “Guaranteed Funds: Some points to Ponder” Trustee Digest, January
3 PROTECTION OF MEMBERS AND POLICYHOLDERS
(2007) “Weaving the Social Fabric”
(2000) “What to do with surpluses” The Actuary, Staple Inn Actuarial Society, March
(2000) “Fiduciary duties and Good Faith in the Management of Retirement Fund Surpluses.” - The South African Actuarial Journal, 1: 1-33. (Awarded prize for best paper at 2000 convention)
(1998) “Investment Performance Measurement” Transactions of the International Congress of Actuaries, Birmingham Vol 7:239-248
(1991) “Actuarial Implications of the Liberty/Prudential Merger”, Transactions of the Actuarial Society of South Africa IX.I:241-267
(1987) “Pension Fund Design”, Transactions of the Actuarial Society of South Africa VII.I:85-102
4 SOCIAL SECURITY
(2006) “Means Tests: an evaluation of the justice of imposing high rates of claw-back on those of modest means” Presented to Institute of Actuaries Financial Services Forum http://www.actuaries.asn.au/IAA/upload/public/fsf06_paper_asher_means%20tests.pdf
(2006) “Pensions in Africa” Chapter 41 in Oxford Handbook of Pensions and Retirement Income, ed: G L Clark A Munnell, M Orzsag
(2005) “Book Review: Developing an Annuity Market in Europe. Eds. Elsa Fornero and Elisa Luciano” Journal of Pension Economics and Finance, 4.3: 331-333
(2003) Chapters 8 “Retirement and Old Age” (with Marius Olivier) p 231-299, and 20: “Finance and Tax” p 595-618, in “Social Security – a Legal Analysis” ed MP Olivier, N Smit & E R Kalula, Butterworths, Durban
(2002) “Transforming the Present - Protecting the Future” (with other committee members) Report of the Committee of Inquiry into a Comprehensive Social Security System for South Africa, Department of Social Development, Pretoria http://www.sarpn.org.za/CountryPovertyPapers/SouthAfrica/march2002/report/index.php
(2001) “The Fight against Poverty: Social Security, Job Creation... and Responsibility.” St Augustine's College/Konrad Adenhauer Foundation seminar, published in Praxis - Journal for Christian Business Management 9.4:2-8 and again to the Actuarial Society of South Africa annual convention: www.actuarialsociety.org.za
(2001) “Old Age and Insurance” Position Paper for the Committee of Inquiry into a Comprehensive Social Security System for South Africa. Edited version on: http://www.sarpn.org.za/CountryPovertyPapers/SouthAfrica/taylor/report7.pdf
(1999) “Call for fair pension tax”, Financial Services Board Bulletin, 4th Quarter 1999: 12,13 ftp://ftp.fsb.co.za/public/bulletins/bul499.pdf
(1997) “State pensions In South Africa” The Actuary, Staple Inn Actuarial Society, August
(1997) “Social Security in a Divided Society” The Actuary, Staple Inn Actuarial Society, July
(1997) “Perks of Apartheid” The Actuary, Staple Inn Actuarial Society, September
(1997) “The Actuarially Appropriate Management of Public Pensions: Funding or Pay-as-you-go” Discussion Paper PI-9701, Birkbeck College, University of London. Available from http://www.pensions-institute.org/papers.html
(1995) “Chile's Retirement Structure.” Trustee Digest, August
(1991) “Guide to Pension and Provident Funds”, Book review SA Labour Law Journal, August.
(1990) “Still not enough to ensure Equitable, Adequate Pensions!” Trustee Digest (With Adler T), November
5 EDUCATION OF ACTUARIES
(2007) “A Christian in Financial Services’” Praxis - Journal for Christian Business Management 14.4: 2-9
(2002) “What actuaries might learn about Life” The South African Actuarial Journal 2: 53-68 An earlier version at: www.actuarialsociety.org.za/
(2001) “Research and the public interest”, “South African Panel Study in Income Dynamics” Two short papers and a presentation to the annual convention of the Actuarial Society of South Africa. www.actuarialsociety.org.za and www.actuarialsociety.org.za
(2001) “On the Virtue of Serving the Public Interest” Guest Editorial, British Actuarial Journal 7.III, 313-317
(2000) “Vocation or Seduction” The Actuary, Staple Inn Actuarial Society, January/February
(1999) “Love, Care or Stagnation?” The Actuary, Staple Inn Actuarial Society, March
(1998) “The Education and Continuing Professional Development of Actuaries”, Transactions of the Actuarial Society of South Africa XII.I:1-37 (also at www.actuarialsociety.org.za)
(1982) “Becoming a South African Actuary”, Transactions of the Actuarial Society of South Africa V.III:6-37
6 SOUTH AFRICAN QUESTIONS
(1999) “Jobs in South Africa” The Actuary, Staple Inn Actuarial Society, July
(1999) “Exportable Skills” The Actuary, Staple Inn Actuarial Society, January/February
(1999) “Cementing a new role for actuaries” The Actuary, Staple Inn Actuarial Society, June
(1998) “Fleeing the Rand” The Actuary, Staple Inn Actuarial Society, November
(1997) “Crime and Punishment” The Actuary, Staple Inn Actuarial Society, May
(1989) “Costs of Emigration”, Transactions of the Actuarial Society of South Africa VII.III:277-309
7 THE DETERMINATION AND USE OF CAPITAL
(2007) “Strategic Risk Management: Mapping the commanding heights and hazards” with Andrew C Gale – Presented to the Institute of Actuaries Biennial Convention – currently at http://www.actuaries.asn.au/IAA/upload/public/8.b_Conv07_Paper_Asher20risks.pdf
(2006) “Unfinished accounting issues in financial institutions: modelling fair value and prudence” Annals of Actuarial Science 1.2: 271-290 An earlier version at http://www.actuary.mq.edu.au/research_papers/200405_Unfinished_Accounting_Issues.pdf
(2006) “ICP23B: Assessing Solvency” in “A Core Curriculum for Insurance Supervisors” International Association of Insurance Supervisors and the World Bank.
(2004) “Determining capital: messy targets and smoother dividends” Macquarie University Department of Actuarial Studies Working Paper http://www.actuary.mq.edu.au/research_papers/200406_Determining_Capital.pdf
(2003) “Pricing” Chapter 11 (a) in Understanding Actuarial Management: the actuarial control cycle, ed Clare Bellis, John Shepherd & Richard Lyon, Institute of Actuaries of Australia, Sydney, 223-245
