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P0 - Help me!

Discussion in 'Practice modules' started by fraggle, Apr 8, 2007.

  1. fraggle

    fraggle Member

    While trying to learn the huge volume of P0, I found what I think is a typo. Page 4 of Unit 4 states that:

    "Regulatory basis companies must make some allowance for future annual bonuses on with profits business. Regulatory basis companies need not."

    Obviously one of the word "Regulatory" should read "Realistic" but I haven't got a clue which one. I'm sure I could just ignore this but I just know they will ask a question on it in the exam.

    Please can someone tell me what the core reading should say!

    Thanks

    Fraggle

    PS I'm starting to get stressed now! :-(
     
    fraggle, Apr 8, 2007
    #1
  2. dcentury

    dcentury Member

    Regulatory basis companies must make some allowance for future annual bonuses on with profits business. Realistic basis companies need not.

    Well done for doing some proper work on the practice module!
     
    dcentury, Apr 8, 2007
    #2
  3. fraggle

    fraggle Member

    Thanks very much!
     
    fraggle, Apr 9, 2007
    #3

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