Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1:
Give the formulae for the Standard Contribution Rate (SCR) and Actuarial Liability (AL) for each of the following funding methods:
a) Credit Unit Method
b) Projected Unit Credit Method
c) Entry Age Method
d) Attained Age Method
Question 2:
Tylon Plc has been running a non-contributory Defined Benefit scheme for the last 20 years. Employees must complete a probatory period of 6 months to join the scheme. It provides a pension benefit of 2% per year of service (since joining company) based on final salary at retirement. The pension is indexed by CPI while in deferment and in payment. Pensioners can commute 30% of their annual pension for a lump sum at a commutation rate of 13 (current annuity rates at retirement are 10). Death in service benefits are 48 times the salary at the time of death. Leaver benefits are computed on a Defined Contribution approach based on the contributions paid by the company every year. Employees of Tylon also enjoy a State Pension which is contributory for both employer and employee.
Tylon Plc is currently going through tough economic times. Its pension scheme is now in a deficit position. Its HR manager has requested your advice on areas of the scheme/benefit design which can be amended for new employees.
a) Outline the points to be made to the HR manager and how your proposed actions will help reduce cost.
b) What are the issues you anticipate if the HR manager is to apply the new scheme/benefit design to existing employees and pensioners?
What are the advantages of “collecting early” and how do companies attempt to do this? Money has time value. The sooner cash is collected, the better. Companies employ regional
Unity of Command Unity of command is the principle in which each subordinate should be responsible to only one manager.
It is a trust developed by a married couple with the purpose of minimizing estate taxes. An A-B trust is a trust that splits into two on the death of the first spouse. It is produc
To value an option-free bond, we must determine the on-the-run yield curve for the particular issuer whose bond we have to value. This on-the-run yield curve used
Application: Critiquing a Qualitative, Quantitative, or Mixed-Methods Study Over the last several weeks you have explored many qualitative, quantitative, and mixed-methods rese
182-Day T-Bills Following the Sukhamoy Chakravarty Committee recommendations, in November, 1986, 182-day T-bills were introduced in order to develop the short-term money market
Evaluate the importance of leverage of financial management on a small scale company.
can u tell me the various approaches followed by FMCG Companies in test markets
Explain the following term: Perpetual bonds, Floating rate bonds, Index-linked bonds and Callable bonds. Perpetual bonds (also termed as consols) are never mature. This
Robert Litterman and Jose Scheinkman were the first to study how changes in the shapes of the yield curve affect the total return on the Treasury securities. The histor
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd