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Central Discontinuance Fund

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

  1. Minal Gohil

    Minal Gohil Member

    Hello,

    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?

    Regards,
    Minal
     
  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.

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