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margaret.emery
Member
Below is a question from Smart Revise.
What is the difference between use (1) and use (3)?
Thanks!
List the 7 main uses of asset shares in respect of with-profits business.
Answer:
1. As a benchmark for determining the level of payouts
2. As a tool for the consideration and quantification of TCF
3. As a guide for determining maturity values and surrender values
4. To help the smoothing process for maturity values
5. As a guide to the appropriate level of regular annual bonus
6. To help with projections for various documents
7. Establishing a realistic solvency position for reporting purposes
What is the difference between use (1) and use (3)?
Thanks!
List the 7 main uses of asset shares in respect of with-profits business.
Answer:
1. As a benchmark for determining the level of payouts
2. As a tool for the consideration and quantification of TCF
3. As a guide for determining maturity values and surrender values
4. To help the smoothing process for maturity values
5. As a guide to the appropriate level of regular annual bonus
6. To help with projections for various documents
7. Establishing a realistic solvency position for reporting purposes