• 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.

Risk based questions

J

jane_smith

Member
Hello,

On risk based questions, how do i know whether the question wants:
  • Risk A Life Drown Cats - with one little APPROPRIATE point for each risk
  • A more full explanation around the main risks i.e Expenses, Investment, Mortality and Lapses.
I seem to fall foul of this on most risk based questions and so am assuming there is a clue in the question. Is it that we should use the first method unless the question states "key risks"?

Thanks
 
It's not really a choice of method; more about how much breadth or depth to give. Yes sometimes a word like "key" or "main" will help, but also be guided by the number of marks on offer. if you start with the more important and specific risks for the scenario in front of you then hopefully you will have covered the things they want when your time is up. Any risk acronym you use is there to remind you of risks that don't spring to mind after you've had a good first attempt. Use it to fill any gaps, not to structure your initial answer. And be careful thinking one appropriate point for each. Depending on the scenario, there might be 5 things to say about some risks and only one about others.
Keep practising, it gets easier. Good luck
 
You must log in or register to reply here.
Back
Top