based on this looks like we could see pension this year. I would think there is a great chance. I mean there is always the possible they will screw us over and through in an insurance or bank question, but i think thats not very likely.作者: Colum 时间: 2011-7-11 19:57
It will be a bank that also issues non life insurance and offers a pension plan to the employees of their private foundation...作者: Windjam 时间: 2011-7-11 19:57
I would immediately kiss the exam paper if it is a pension plan
With tongue.
Then I would probably flip the paper over on all fours..... er nevermind.作者: jmh530 时间: 2011-7-11 19:57
2002- Endowment
2003- Insurance (Life and Casualty)
2004- Foundation
2005- Pension
I'm going to make sure I look at banks with some extra attention.作者: Valores 时间: 2011-7-11 19:57
GMofDen Wrote:
-------------------------------------------------------
> 2002- Endowment
> 2003- Insurance (Life and Casualty)
> 2004- Foundation
> 2005- Pension
>
> I'm going to make sure I look at banks with some
> extra attention.
Good call. I know I haven't spent sufficient time on bank IPS yet....probably since it hasn't been on any of these exams.作者: Analyze_This 时间: 2011-7-11 19:57
just remember they have significant liquidity, and the security portfolio is designed to manage liquidity, manage credit risk, manage duration(interest risk), and provide income....作者: Windjammer 时间: 2011-7-11 19:57
and they use it to offset risks taken in the loan portfolio.作者: lcw77 时间: 2011-7-11 19:57
From Schweser website.
Level III
Selected Past Exam Questions
Individual Investment Policy
2007 Exam: 53 points Jack & Ruth Ingram
2006 Exam: 34 points Randolfo Serra
2005 Exam: 37 points Elizabeth Yeo
2004 Exam: 58 points Christopher Maclin
2003 Exam: 47 points The Campbell's
2002 Exam: 58 points Claire Pierce
2001 Exam: 61 points Dr. Stephenson
2000 Exam: 44 points Robert Taylor
1999 Exam: 48 points Peter & Andrea Mueller
1998 Exam: 46 points Vince Donaldoni & Maria Barba
1997 Exam: 42 points John Mesa
1996 Exam: 27 points Susan Fairfax
1995 Exam: 40 points Ambrose Green
13 year average = 46 points or 13% of the exam.
Trailing 4 year average points = 46 points or 13% of the exam.作者: Chuckrox 时间: 2011-7-11 19:57
Think it'll be Life & Casualty Insurance this year. Gut feeling.
Plus, the Schweser Mock had a big Banks essay... so, if the CFAI did too they probably changed it to spite everyone.
Look at the 2003 exam for an example essay. Remember:
Non-life:
- return objectives (competitive pricing, etc.)
- risk sources (underwriting cycle, etc.)
- liquidity requirement (large reserve for claims, etc.)
- time horizon, relative to Life (shorter? I think)作者: aidebaobao 时间: 2011-7-11 19:57
Its going to be pensions and Chi Paul will fail because his tongue will make his paper all wet and the ink will run.作者: mar350 时间: 2011-7-11 19:57
Hmm you guys seem to be forgetting that there can be more than one. 2007 was endowments and life insurance!作者: nannan66 时间: 2011-7-11 19:57
Well, I'm not wasting time speculating what will or won't be on a test that I can't predict, that's for sure!
Right now I'm taking one practice test per day, doing a final review of each topic (2 a day), and then just trying to improve on the areas that I consistently make mistakes in. Focusing more on CFA materials now so that I have a good idea of what I'll be in for... did 2007 today and will get to 2008 and 2009 over the next 4 days. Might do some more of Schweser Vol 2 if I have time left but there are some EOCs I may do instead. Helps that I'm off from now until exam day!作者: lcai 时间: 2011-7-11 19:57
Aimee is on top of things.作者: Iginla2011 时间: 2011-7-11 19:57
for whatever it's worth (nothing?), I agree there could be a hybrid institutions problem - sort of like last year (won't spoil it).
