Recent Content by Lindsay Smitherman

  1. Lindsay Smitherman
    Post

    Mock exam paper 1

    Yes, I can why 'dramatic' might be considered to be emotive - although it feels borderline: from a quick online search, standard definitions of a...
    Post by: Lindsay Smitherman, Aug 4, 2022 at 11:08 AM in forum: CP3
  2. Lindsay Smitherman
    Post

    Mock exam paper 1

    The sample answer brings in the objectives in order to explain the extent to which each has (or has not) been met. Simply saying 'The first...
    Post by: Lindsay Smitherman, Aug 4, 2022 at 11:01 AM in forum: CP3
  3. Lindsay Smitherman
    Post

    Mock exam paper 1

    The communication from the CEO includes the following: 'the Treasurer’s report on the reserves over the last 10 years is rather confusing – so...
    Post by: Lindsay Smitherman, Aug 4, 2022 at 10:53 AM in forum: CP3
  4. Lindsay Smitherman
    Post

    Mock exam paper 1

    Hi - taking each of your points in turn: On Page 130 of our course notes, it states that a good conclusion should '... make recommendations, if...
    Post by: Lindsay Smitherman, Aug 4, 2022 at 10:50 AM in forum: CP3
  5. Lindsay Smitherman
    Post

    Taxation

    This is the BLAGAB trading profit, which is simply taken as the BLAGAB share of the profit reported in the Companies Act accounts.
    Post by: Lindsay Smitherman, Aug 2, 2022 at 8:54 AM in forum: SA2
  6. Lindsay Smitherman
    Post

    X4 Q2(v)

    Hi: the question is asking 'Why might a block of business be sold for a different amount than its embedded value?' The solution covers two angles...
    Post by: Lindsay Smitherman, Jul 25, 2022 in forum: SA2
  7. Lindsay Smitherman
    Post

    With-profits contracts

    Hi - your question goes beyond the SA2 course content, so you wouldn't have to be concerned about this for the exam. If you are asking from a...
    Post by: Lindsay Smitherman, Jul 25, 2022 in forum: SA2
  8. Lindsay Smitherman
    Post

    technical actuarial knowledge needed and consistency across exam sessions?

    Yes, it is inevitable that there can be some variation in the amount of technical content from question to question, and you may well find some...
    Post by: Lindsay Smitherman, Jul 18, 2022 in forum: CP3
  9. Lindsay Smitherman
    Post

    Analysis of surplus ch 16

    Hi Re Q1: projecting assets and liabilities forwards to the end of the year on the start of year valuation assumptions gives us the 'expected...
    Post by: Lindsay Smitherman, Jul 18, 2022 in forum: SA2
  10. Lindsay Smitherman
    Post

    Q9 (v) Sep 2020 P1

    Hi - there is information about our ASET products (which include a lot of helpful tips about how to answer each of the questions, alongside our...
    Post by: Lindsay Smitherman, Jul 13, 2022 in forum: CP1
  11. Lindsay Smitherman
    Post

    Q9 (v) Sep 2020 P1

    Hi Neha - I think you are referring to something in the Examiners' Report solutions? There are some references there to 'Bloc E', which appears...
    Post by: Lindsay Smitherman, Jul 4, 2022 in forum: CP1
  12. Lindsay Smitherman
    Post

    CP3 Sept 2017

    Hi: yes, agree with your analysis here of the premium and profit relationships. The second and third points that you quote (from the Examiners'...
    Post by: Lindsay Smitherman, Jun 13, 2022 in forum: CP3
  13. Lindsay Smitherman
    Post

    Tax and Regulation

    E is deducted from the taxable amount for all BLAGAB business, not just for term assurance. The point in the question that you cite is that...
    Post by: Lindsay Smitherman, Apr 19, 2022 in forum: SA2
  14. Lindsay Smitherman
    Post

    April 2019 Q1 (iii) vs Sep 2018 Q1 (i)

    Sept 2018 Q1(i) requires us to 'discuss the factors that contribute to each of the ...' so our answer needs to be clear on what those contributory...
    Post by: Lindsay Smitherman, Apr 19, 2022 in forum: SA2
  15. Lindsay Smitherman
    Post

    Tax for with Profit

    With-profits business is classified in the same way as any other business for tax purposes, so it simply depends on the contract type. Some...
    Post by: Lindsay Smitherman, Apr 19, 2022 in forum: SA2