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Question 20.3 [SA F102] in the notes: Why is the premium rate not crucial to competitiveness for UK-style With-profits? Part of the solution is:...
There is a point regarding profit distribution and investment strategies for Additions to benefit method used: The company would aim to achieve...
Hi, I had a few questions regarding with-profits funds and Solvency II. A with-profits fund would have a Solvency II balance sheet as Assets =...
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 In reference to COBS 20 (TCF), I’m wondering what’s meant by the rule “Circumstances under which bonus fdistrubutions can be made or surplus...
Acquisition costs are expressed as a proportion of new business premiums. How is this charged to the AS though (particularly if the company...
I'm a bit confused about the EV for WP business: PVIF = (PV of projected cashflows) - (PV of change in reserve) = (a) - (b). I'm not sure how to...
Hi, Ref: CMP, Ch20, p.17 The core reading says that the term aggregate asset share can be used to refer to AS "...for specified product lines or...
I have some questions on the definitions of these: Cost of guarantees = max(0 , guaranteed benefit - AS) Why is this sometimes calculated using...
If an MVR is applied on surrender such that the surrender benefit is the unsmoothed AS, does it mean the following: The guaranteed benefit at the...
I have a few questions on terminal bonus: Would a TB be payable on death? The reason I'm asking is because TBs are intended to bring the payout...
Hi When bonuses are declared, are shareholder transfers moved immediately out of the WP fund (and into the shareholder fund) or do these funds...
Hi, Do we need to know this type of contracts in detail? Thank you. Ming Fei Chong
I'm struggling to understand how the technical provisions for with-profits policies are calculated. The BEL for a with-profits product allows for...
