Chapter27-Financial product and benefit scheme risks

Question 1

Framework

Answer 1

1 Risks to a beneficiary
2 Risk to the state in relation to benefit provision
3 Key benefit risks when benefits are known in advance
4 Key benefit risks when benefits are not known in advance
5 Mitigating annuity rate risk for defined contribution
6 Effects of sponsor/provider actions on benefit uncertainty
7 Key contribution risks in a defined benefit scheme
8 Key contribution risks in a defined contribution scheme
9 Operational and external risks to a benefit scheme
10 Causes of inappropriate advice in relation to benefit provision (CRIMES)
11 Investment risks associated with a financial product
12 Define sponsor covenant
13 Key business risks for life insurance companies
14 Key business risks for general insurance companies
15 Relationship between expense, persistency and new business volume risks
16 New business volumes risks
17 New business mix risks