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Hi Oliver, personally, I think either approach would generally be considered to be reasonable. The different methods of calculation are explored...
Hi Oliver As a broad principle I think it is always good to see what can be done with numbers given in the question because it may gain credit....
Hi Greg This is a challenging question. I tackled it this way: We are told in the question that the marginal propensity to consume goods and...
Hi Greg Broadly speaking, a dominant strategy for a firm is one which is the best response, no matter what its rivals do. So, if we think about...
Hi Dominic Some parts of this question rely on quite a lot of UK specific detail, some of which has been removed from the Core Reading. In...
Hi Ben I think the issues mentioned in Justine's post of February 2023 still look very relevant. We've seen developments in some of these areas...
Acronyms of Subject SP4 material for the 2024 exams are attached to this post. Although these can be useful for your studies do pay careful...
Hi That (1.015/1.026)^15 is not a basis change, it is to allow for the fact that, in the question, we are told those who accept the TV offer are,...
Hi At the time of the Sept 2021 exam, the Core Reading didn't specify how plan events should be treated for accounting purposes. Therefore, we...
Hi, I think Justine's post from February still looks pretty current, but it would be good to hear other people's thoughts, eg any other topical...
Hi In summary, when we roll forward accrued liabilities, the pension increases or salary increases are already in the liability figure, so we...
Hi Ben I agree that a commutation factor is essentially the present value of £1 pa of pension given up, ie an annuity. The annuity is going to...
Hi Thomas Yes the liabilities for DPs and pensioners should be the same under each funding method. In the approximate formulae you have given,...
Hi Dominic I think that inter-generational fairness between members is an issue that needs to be considered in many DB pensions schemes, whether...
Hi Just to add to a.begdai’s post (thank you for that!) An early retirement pension can be calculated by multiplying the pension projected to...
