Institutional IPS this year - pension?

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15^#

发表于 2011-7-11 19:57 | 只看该作者

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!

lcai

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14^#

发表于 2011-7-11 19:57 | 只看该作者

Aimee is on top of things.

Iginla2011

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13^#

发表于 2011-7-11 19:57 | 只看该作者

for whatever it's worth (nothing?), I agree there could be a hybrid institutions problem - sort of like last year (won't spoil it).

it's just fun to guess, that's all

mar350

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12^#

发表于 2011-7-11 19:57 | 只看该作者

Hmm you guys seem to be forgetting that there can be more than one. 2007 was endowments and life insurance!

aidebaobao

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11^#

发表于 2011-7-11 19:57 | 只看该作者

Its going to be pensions and Chi Paul will fail because his tongue will make his paper all wet and the ink will run.

Chuckrox

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10^#

发表于 2011-7-11 19:57 | 只看该作者

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:

Life insurers:
- risk sources (disintermediation, credit, ALM, etc.)
- return objective (crediting rate, etc.)
- liquidity

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)

lcw77

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9^#

发表于 2011-7-11 19:57 | 只看该作者

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.

Analyze_This

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8^#

发表于 2011-7-11 19:57 | 只看该作者

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....

Windjammer

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7^#

发表于 2011-7-11 19:57 | 只看该作者

and they use it to offset risks taken in the loan portfolio.