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SP4 day 1 - idea generation (CP1 Scheme design (AMPLE DIRECT FACTORS)…
SP4 day 1 - idea generation
Chapter headings
(FIRMS OF ADVISERS)
Financing
Investment strategy/ classes
Risks
Models/ ALM
Sponsor covenant
Options
Funding methods
Assumptions
Discontinuance/ data
Valuations
Insurance
Scheme design
Experience analysis/ sources
Regulation
Stakeholders
Options
Specific
Equation of value
Identifying the assumptions
Selection
Determining the assumptions
Practical issues
General
Restrictions
Objectives
Basis
Scheme design
general
(PERFECTION)
Practical and legal issues
Effects on other benefits
Risk
Financing by sponsor and member
Eligibility
Cost and competition
Targeting
Integration
Objectives of sponsor
Needs of key stakeholders
CP1 Scheme design
(AMPLE DIRECT FACTORS)
Administration systems
Marketability
Profitability
Level and form of benefits
Expenses and charges
Discretionary benefits
Interests of customer
Risk appetite
Early leaver benefits
Competition
Terms and conditions
Financing requirements
Accounting
Consistency
Timing of contributions
Options and guarantees
Regulation
Subsidies (cross)
Risk checklist
(MILLIGRAMS)
Mortality
Investment/ matching
Liquidity
Legislative
Inflation e.g. price and salary inflation
Governance
Reputational
Administrative
Market movement
Selection