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Hi ! Good day. Hope you guys are doing well. I have a few queries pertaining asset share & with profit products. Q1: The asset share is...
I've read in a past paper solution that the embedded value equals the "present value of shareholder transfers. e.g. as generated by bonus...
It may help to think of calculating the PVIF as follows: Allocate assets to the reserve (this may be BEL only if the Risk Margin is allowed for...
Hi When bonuses are declared, are shareholder transfers moved immediately out of the WP fund (and into the shareholder fund) or do these funds...
Section 4.2 ch20 pg 14 states: "...the difference between product charges and expenses accrues either in the WP estate or outside the WP fund...