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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...
Hi, I got bit confused while reading solution to Q3 in sept 2020 paper. Could you please help me to understand below excerpts and if we can tell...
Hi, could you please help me with this query in Que 3 (i) of sept 2020 exam paper: ***************** The answer on page 9 on examination report...
Hi, I'm struggling to follow the bold text in the following piece of core reading (page 7, Chapter 19 of CMP): "Some companies may allocate...
If a with-profits fund becomes XSE in run-off, can it remain XSE and not pay BLAGAB tax for the rest of the fund's existence? I ask because for...
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...
Suppose I had two endowment products one with profit and another without profit endowment. And the valuation is a "net premium valuation". And a...
Acquisition costs are expressed as a proportion of new business premiums. How is this charged to the AS though (particularly if the company...
Hi, Ref 1: CMP, Ch15, page 9 Ref 2: Flashcard Ch15, card 8 The core reading defines inherited estate as: "the existence of capital within the...
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...
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...
I'm struggling to understand how the technical provisions for with-profits policies are calculated. The BEL for a with-profits product allows for...
ASET April 2014 Q1(vii) The solution of this question talks about the asset shares for WP endowment assurance vs whole of life. I'm trying to...