J
Jimmy white
Member
Can somebody please explain the difference between the fund for future appropriations and the inherited estate, and how they fit in (if at all) with the assets and liabilities in a Peak 2 valuation?
From the descriptions of both the FFA and the estate, I can't seem to distinguish between how the two are valued, they seem like the same thing to me!
Is the FFA simply a liability to distribute the remaining free assets between policyholders and shareholders within a WP fund, and hence offsets the estate being an asset on the other side of the balance sheet? Do they always equal each other?
Confused, please help. Thanks!
From the descriptions of both the FFA and the estate, I can't seem to distinguish between how the two are valued, they seem like the same thing to me!
Is the FFA simply a liability to distribute the remaining free assets between policyholders and shareholders within a WP fund, and hence offsets the estate being an asset on the other side of the balance sheet? Do they always equal each other?
Confused, please help. Thanks!