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?
Rights of Investors CERTIFICATES An investor is entitled to receive shares/unit certificates allotted to him within a period of 6 weeks from the date of closure of the sub
Q. Criticism of Wealth Maximization? i) The objective of wealth maximization is not, necessarily, socially desirable. ii) There is some controversy whether the objective of
What is risk free rate of return There is a 'risk free rate of return' (also known as time preference rate) which is used to compensate for the loss of not being able to invest
Can I get help with project
These types of securities have more than one coupon rate and each subsequent coupon rate is higher (or lower) than the previous coupon rate. For
Gross dividend At the ending of the financial year companies will announce the profits or losses that they have earned and a figure for net profit after tax. A company is able
The net income of Novis Corporation is $45,000. The company has 20,000 outstanding shares and a 100 percent payout policy. The expected value of the firm one year from now is $1,
You deposit $500 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?
Beta plc sets its minimum cash balance as $1,000.00 & eastimates the following transaction cost sale/purchase =$12 standrsa deviation =$1,200 per day Interest rate =14.6% p.a or 0
STEPS IN BUDGETARY CONTROL 1. Quantification of plans in relation to sales, production, distribution and finance in terms of objectives and goals set by the management. That i
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd