1. In accordance with guidance from the profession, all posts are now being moderated as we are in the exam period. You may not see your post appear for a day or two. See the 'Forum help' thread entitled 'Using forums during exam period' for further information. You must not discuss any of the current exams until the last exam has been sat.
    Dismiss Notice

Central Discontinuance Fund

Discussion in 'CP1' started by Minal Gohil, Mar 28, 2019.

  1. Minal Gohil

    Minal Gohil Member


    What is a Central Discontinuance fund?
    1. Can you please guide me which chapter can I refer to for any core reading on this?

    2. On a separate note. What is the purpose of this fund? Why is it established? And under which circumstances would you set it up?

  2. AaronD

    AaronD Keen member

    This is a fund which insurance companies/schemes contribute to in order for there to be a fund established to pay for a failed scheme or insurance company.

    Kind of like the situation where we all pay taxes and if a bank were to fail the government may step in and provide funding to the bank.
    pyuille_1609 and Admin like this.

Share This Page