Lindsay Smitherman's Recent Activity

  1. Lindsay Smitherman liked MindFull's post in the thread Sept 2022 #2 part iv.

    Thanks so much Lindsay, I understand the distinction now.

    Mar 26, 2024 at 1:00 PM
  2. Lindsay Smitherman replied to the thread Shareholder fund.

    As an example, in a 90:10 fund under the 'additions to benefits' method, profit transfers to the shareholders are made in the form of...

    Mar 25, 2024 at 1:48 PM
  3. Lindsay Smitherman replied to the thread Free Assets, Long-Term Insurance Fund and Shareholder Fund.

    I think you are getting confused about what is meant by the 'Shareholder fund': it doesn't contain any policies (these are written into...

    Mar 25, 2024 at 1:36 PM
  4. Lindsay Smitherman replied to the thread Sept 2022 #2 part iv.

    The existing NP business is written in a shareholder-owned fund. If it were transferred into the with-profits fund, the with-profits...

    Mar 25, 2024 at 1:32 PM
  5. Lindsay Smitherman replied to the thread September 2021 Q3 (iv).

    In the scenario in the question, the tax rule is only changing for new business going forwards, not for existing business, so there...

    Mar 25, 2024 at 1:18 PM
  6. Lindsay Smitherman replied to the thread High Income Bond backing.

    As stated in the course (Chapter 1 near the bottom of page 24), the death benefit would normally be guaranteed to be not less than the...

    Mar 25, 2024 at 1:15 PM
  7. Lindsay Smitherman replied to the thread September 2018 1 (iv).

    If interest rates increased by 1% then the yield on corporate bonds would also be expected to increase by 1% (ignoring any impact on the...

    Mar 25, 2024 at 1:11 PM
  8. Lindsay Smitherman replied to the thread September 2018 1 (iv).

    Apologies but I am struggling to understand these points. By 'greater exposure to corporate bonds' are you referring to this particular...

    Mar 22, 2024 at 5:41 PM
  9. Lindsay Smitherman replied to the thread April 2022 1(iii).

    Have another look at exactly what the question is asking: 'Discuss why the company may hold more capital than that indicated by its...

    Mar 21, 2024
  10. Lindsay Smitherman replied to the thread September 2021 Q3 (iv).

    These points are about the company taking actions to resolve the issue it now has with its savings product, which will now be taxed on...

    Mar 21, 2024
  11. Lindsay Smitherman replied to the thread September 2021 Q3 (iv).

    If term assurance business makes a loss and 'profit' is now being taxed, there will be no tax payable on the term assurance portfolio....

    Mar 21, 2024
  12. Lindsay Smitherman replied to the thread September 2021 Q3 (iv).

    First, it's important to recognise that the change proposed in the question would only apply to new business. (That is stated in the...

    Mar 21, 2024