• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Apr 21 Q2

The company only receives data about the pension scheme members. However, the annuities the company has to pay all have dependants' benefits associated with them. The company will therefore have to have made assumptions in relation to these when pricing the annuities, eg about the age of any dependants.
If the company made prudent assumptions in pricing, and the actual experience in relation to the benefits paid is better than assumed, that would be a source of profit.
 
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