This thread contains the Subject ST4 questions asked most frequently by students, with answers written by tutors. Each year, we'll incorporate these questions and solutions into the study matieral.
This thread was last updated on 13 November 2009.
Question
What recent old era subject questions are relevant to Subject ST4?
Answer
Nearly all of the old Subject 304 questions are relevant and worth attempting. You may find that a small number (eg those covering the actuarial control cycle and valuing assets using a discounted cashflow approach) were covered in greater depth in Subject 304. Make sure that you refer to the up-to-date Subject ST4 material when checking your answers to old questions.
Some of the old Subject 105 questions (those relating to population projections) are relevant and worth attempting:
April 2003 exams: Q7
April 2004 exams: Q9
September 2000: Q11
April 2001: Q8
September 2001: Q2
April 2002: Q3
April 2002: Q4
September 2002: Q1
Question
Are there any useful sources of reference for the sponsor covenant chapter?
Answer
This chapter is based on the following paper:
Sponsor Covenant Working Party Final Report - Allowing for the Sponsor Covenant in Actuarial Advice. Sponsor Covenant Working Party, November 2005.
It can be downloaded from:
http://www.actuaries.org.uk/resear...s/allowing-sponsor-covenant-actuarial-advice
Question
Is there a reference book for the chapter on financing social security systems?
Answer
If you would like to find more out on this area a useful reference book is "Actuarial mathematics of social security pensions" by "Subramaniam Iyer".
Last edited by a moderator: Sep 13, 2010
