Hi guys, what do you think about Q2 Sep 2019 of SA2? I did not expect regulation could be examed as a seperate question with over 40 marks..... Is it related to UK specific very much？
I don’t think Q2 is a 40 marks question on regulations but more of a broader scenario where we need to consider the underlying differences (e.g. tax, accounting basis etc.) having an overseas subsidiary. The UK specific questions are part (iii) and (vii) and these are only worth 10 marks. I felt I didn't write as much as I wanted and the question on data science really got me. This could be because data science has recently become a popular topic. Overall, I think this is balanced paper covering a wide range of topics.
What do you think about (i) the reason for lower surplus of immediate annuity? in addition to regulation change (then business volume change), and socio-economic environment change like low interest rate and longevity, I am not sure what logic to follow to generate a structured solution. Like chap16 analysis of surplus, breaking down to each contributor?
