Investment (INV) Practice Questions - Investment (INV) - Actuaries Institute Fellowship Program Exam

The trustee must maintain a robust Liquidity Management Plan (LMP), establish clear liquidity stress testing scenarios, set minimum liquid asset buffers, and ensure member rollovers and benefit payments can be met without fire-selling unlisted assets The trustee must invest 100% of all member funds in physical cash bank accounts The trustee is prohibited from holding any cash reserves The trustee must allow members to borrow liquidity directly from fund assets with zero interest