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The 2024 exams for Subjects CB1 and CB2 were originally due to be in Objective-Based Assessment (OBA) format. However, in Autumn 2023, the IFoA...
A minor follow-up to the above info about our products following the IFoA's announcement about the April exams: Course Notes We do not plan to...
Hi Definitely worth looking at how the IFoA explain the meaning of each of these here:...
Hi Danny Highly geared companies are going to be paying high amounts of interest each year to service their debts. If interest rates increase,...
There are 2 assumption bases (ie full set of mortality, interest rate, expenses assumptions etc). These are 1 and 2/3 in your post, ie the...
2 and 3 are the same To maybe help see this, we can consider profit formula as being broadly: profit for a time period = P + I - E - C - [...
The current tax system in the question potentially tips the choice between equities / property / bonds towards equities / property because of the...
The company only receives data about the pension scheme members. However, the annuities the company has to pay all have dependants' benefits...
The alternative to a discounted cashflow approach would be to use a formula, eg to set premiums such that EPV (premiums) = EPV (benefits +...
Hi For (ii), it's not saying he insurer is not impacted by the market downfall. The equity market fall in the question would have impacted the...
Hi - remember we're thinking about a fund with an 'I-E' taxation basis here. Exactly what is included in I would depend on the particular...
Hi If we use the info in the bullet points to adjust the values of Rough's assets, then the realisable value of the assets is: Non-current assets...
