IFoA SA4 Practice Questions - IFoA SA4 Pensions And Other Benefits Specialist Advanced Exam

In a defined benefit actuarial valuation, the technical provisions represent the:

Estimated cost of all future benefits including future accrual on a best-estimate basis Cost of securing benefits with an insurer in the bulk annuity market Amount of assets needed to make provision for benefits already accrued, using prudent assumptions Compensation that the PPF would pay following employer insolvency

Correct Answer:

Amount of assets needed to make provision for benefits already accrued, using prudent assumptions

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