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Kate Palmer
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Decks in this class (22)
C2 - Providers of benefits
Three pillars of retirement provi...,
Types of benefit other than retir...,
How does the state provide a majo...
13
cards
C3 - Regulation
Regulation of non state provision,
Encouragement of provision by the...,
Tax concessions on contributions
11
cards
C4 - Disclosure and guidance
When is information on the benefi...,
Common aims in accounting standards,
Differences between accounting st...
9
cards
C5 - Benefit Provision
Benefits offered to individuals,
Situations benefits may be required,
Net replacement ratio
20
cards
C6 - Design (general)
Decisions to be made when setting...,
Different approaches adopted when...,
What is a db scheme
16
cards
C7 - DB Design (Specifics)
Sponsor may discriminate between ...,
Factors sponsors use to discrimin...,
Factors that restrict sponsors di...
11
cards
C8 - Options DONE
Give a risk with options and how ...,
Give a common guarantees offered ...,
Give six options that may be gran...
15
cards
C9 - Risks & Uncertainties
Why fund may be insufficient to p...,
Main risks associated with db ben...,
Main risks associated with dc ben...
11
cards
C10 - Financing Benefits
Financing choices available to sp...,
Important factors sponsors consid...,
Book reserve
17
cards
C10.1- Social Security Systems
How to finance a social security ...,
In which circumstances does the f...,
Arguments for and against funding...
13
cards
C11 - Covenant
Sponsor covenant definition,
Two scenarios under which the spo...,
Conventional credit quality asses...
21
cards
C12/13- Investment
Main assets classes of investment...,
Describe how ldi strategies work,
Describe how longevity bonds and ...
17
cards
C14 - Models
Name three areas that may be mode...,
Models can help the following are...,
Four areas models may be used for...
24
cards
C15 - Asset Liability Modelling
Why should we review the continue...,
Issues to consider when setting t...,
Describe how the fund develops fo...
11
cards
C16 - Funding method DONE
Define modified contribution rate...,
4 main funding methods,
Scr and al for the attained age m...
24
cards
C17 - Valuation Data DONE
Sources of information that are u...,
Documents that give information t...,
Important information relating to...
10
cards
C18 - Valuation Assumptions DONE
Two types of assumptions the need...,
Examples of economic assumptions,
Examples of demographic assumptio...
16
cards
C19 - Valuation Considerations DONE
Purpose of a valuation for sponso...,
Factors affecting the approach to...,
Why best estimate may not be appr...
11
cards
C20 - Sources Of Surplus DONE
Define actuarial surplus and deficit,
Areas where differences typically...,
Ways a surplus can be reduced or ...
9
cards
C21 - Analysis Of Experience DONE
Reasons for monitoring actual exp...,
Data required to monitor actual s...,
Data to monitor the economic expe...
11
cards
C22 - Insurance DONE
Advantages and disadvantages of i...,
Benefits which are commonly insured,
How may insurers charge for group...
15
cards
C23 - Discontinuance DONE
Factors that will affect the bene...,
Members may feel they should rece...,
Further areas members may have ex...
14
cards
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ST 4
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