Y
yogesh167
Member
Hello
1. X5.2(ii) determination of surrender(or transfer) benefits heading (refer pg 13 of solution)
5th para says format of surrender penalty will depend on type of charges used to recoup initial exp...eg - reduced level allocation rate in monetary terms, FMC as % of fund etc..
I could not make sense here how does it define the way of expressing penalty in monetary or percentage form?
2. X5.2(iv) merits of proposed calculation heading (pg 17 of solution) second last para...
Statement - it is right to impose an MVR on switching otherwise PH could avoid impact of any drop in asset values i,e. select against the company..
I did not understand this point
Thanks in advance
1. X5.2(ii) determination of surrender(or transfer) benefits heading (refer pg 13 of solution)
5th para says format of surrender penalty will depend on type of charges used to recoup initial exp...eg - reduced level allocation rate in monetary terms, FMC as % of fund etc..
I could not make sense here how does it define the way of expressing penalty in monetary or percentage form?
2. X5.2(iv) merits of proposed calculation heading (pg 17 of solution) second last para...
Statement - it is right to impose an MVR on switching otherwise PH could avoid impact of any drop in asset values i,e. select against the company..
I did not understand this point
Thanks in advance