Dear Leafy
I understand your concern having read the article and the examiners are
concerned about it too, mainly because of the effect it could have on
students.
Setting examinations is a rigorous process and the papers and solutions
are tested and checked several times. There may be instances when
questions could be interpreted differently and/or alternative solutions
are valid (as in the real world) which is why the examiners continue to
review the questions and solutions during the marking process. They take
into account any comments from the Staff Actuaries, the actuaries
marking the scripts and ActEd.
The solutions published in the examiners' reports are indicative of the
main points which the examiners expected but are not intended to
represent the only valid answers.
The overall aim of the examinations is to show your understanding and
application of the course material and ability to proceed to the next
stage in your career as an actuary. If you have any doubts as to how the
examiners might interpret something you do then a brief explanation
would help to demonstrate your understanding to them. For example, with
the one-sided vs two-sided test, a very brief comment supporting your
choice would be enough.
Regarding your concerns about the Core Reading material, this is
continually revised and we take into account feedback from Examiners,
Practise Boards and ActEd when updating the material to ensure that
there are no errors. If you have any specific concerns about the Core
Reading (the material reproduced in bold in your ActEd notes) then pass
them to your ActEd tutor who will contact us if there are any problems.
Regards
Trevor
Dr Trevor Watkins
Head of Education and CPD
The Actuarial Profession
Tel: +44 (0)1865 268234
Fax: +44 (0)1865 268244
www.actuaries.org.ukClick to expand...