• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Central Discontinuance Fund

M

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
 
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.
 
Back
Top