Sources of surplus: CAMBODIA

[tad29]

I made a note of this mnemonic for remembering the sources of surplus in one of Stuart Underwood's tutorials but I can't quite read my own writing! I have

Changes to benefits/assumptions/legislation
A???
Modified contribution levels
Bulk transfer on different basis
Options taken up on different basis
Discretionary benefits
Interest on surplus
Assumptions not as expected

Stuart are you there? If so, could you remind me what the first A was for? Otherwise, if anyone else made a note of it or knows what it should be could they fill me in? Cheers.

 

[bystander]

If you don't get an answer, make your own acronym up from the topic. It may stop memory failure in the exam.

 

[Stuart Underwood]

Sources of surplus

Hello

At this point in the tutorial, I said to pensions people "you'll see these ideas again in ST4/SA4" and to non-pensions people "don't worry about this one, close your ears for a second, as it's beyond the scope of CA1", so don't worry if this doesn't mean much!

the A is if you use the Attained Age funding method, as this can generate a surplus. If this means absolutely nothing to you don't worry, as this is ST4.

You could always the shorten the mnemonic to C'MBODIA. Though that's arguably a less good mnemonic!

Best wishes

Stuart

 

[tad29]

Thanks

Thanks Stuart. I obviously closed and opened my ears at the wrong time!