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We have produced a short video guide on making use of the VitalSource Bookshelf app in order to get the most out of your ActEd eBooks. This app...
The words 'reserves' and 'provisions' tend to be used interchangeably: different ways of expressing the concept of 'value of liabilities'
This thread should help: https://www.acted.co.uk/forums/index.php?threads/2022-sep-q2-ii.19943/#post-77689
Yes - given the context of the rest of the question, this is the appropriate interpretation.
Question states that lapses on UL business have been the same as expected, not lower.
This point is explained in our ASET for that paper, so would recommend that you review the explanation there.
This is a horribly mismatched asset-liability position - so little surprise that the capital position is messy! Using your figures, we seem to...
Yes, for UL business the unit reserve component of the BEL will reduce under an equity market fall. However, {assets - BEL} will still likely be...
My point was that a positive BEL would be normal for UL business. The unit reserve component of the BEL will always be positive, but that...
Look again at the question wording. Sept 2020 Q3(i) (which I presume you are referring to) is asking about the impacts of the scenario event on...
It sounds like you do not have the latest version of the SA2 course notes, which might not be helping. There is no longer an Appendix to the tax...
I think you are confusing different concepts. The post above is about the rules that apply when determining the SCR using a standard formula...
No - if the bonds are cashflow matched to the liability cashflows, that means that the company will hold them to maturity (it has to do this,...
This sounds a little confused and you seem to have the driver the wrong way round. Reduction in liquidity of corporate bonds (or greater...
