I completely messed up on time, I drafted both questions first and then spent an hour writing up, but it wasn't long enough and didn't get it all in the booklet, damn!
The annuities provided in question 2 related to the options that the annuitant could choose, i.e a guanrantee period, a spouse annuity, escalation. Ages and sex just highlight that female is more expensive than male and younger is more expensive than older. They probably gave loads of info to see if people could select the relevant info out of it....not that I even finished writing up the memo! If I only had an extra half hour...
The technical part in total may be worth up to 30%, but I read an examiners report said that people who defined something wrongly or misinterpreted something wrong, but explained on that basis were not penalised too much.