Hi tutor, I study the past paper of 2012, downloaded from the website of IFoA, the day 2 assignment, i.e. the letter about the capital release product, a calculation problem is encountered. How does the payment of 4068 in the first year is calculated, in the examiner's report? Does it allow for the reversionary factor? If that, how about the calculation without allowance for the reversionary factor? thanks and regards, Smith
OK i've managed to get it. (800,000 * 0.15)/(25.1+4.4) = 4067.79 or in CA3 terms 4068. Any additional reading into the life annuity rates and calculations? I'm a GI actuary and cannot remember any of this Life stuff...passed the CT's about 5 years ago now
Revised link here: https://www.acted.co.uk/forums/index.php?threads/past-paper-a-paper-2.8857/ Do you not have your old notes? Could just look at the summaries from those. Or if you're really unsure, perhaps just buy the Core Reading on its own, or the Revision Notes... I don't think you should worry too much, the technical side of the CA3 exam shouldn't be too onerous. Ian
