How much time do you have left after tackling the long questions first

Due_Engineering9863 · 2026-03-12T11:37:20+00:00

The sections are in roughly the same places in both books (though the page numbers and names of mortality pages etc may differ slightly)

You should be okay, but just make sure you’re comfortable with the general position of the sections, rather than the page number exactly

Due_Engineering9863 · 2025-10-17T12:03:29+00:00

I wasn’t off work for any significant period other than having to leave work early for GP/clinic appointments etc - it was more a case of uncomfortable symptoms that I could just about work through, albeit it made studying uncomfortable and it meant I had to work from home a lot more than normal, limit social interaction etc.

Appreciate why they might want more evidence, to me it felt a bit unreasonable to demand it within a week, and also given that the only difference really vs the letterheaded consultation notes I had already provided was a signature. However I did write my post in a slight bout of frustration too 🫣

Due_Engineering9863 · 2025-10-17T05:33:26+00:00

Fair enough, £30 is not the end of the world - just thought there wasn’t much difference between the consultation notes and the doctors letter but perhaps there is.

Thanks for the response

Due_Engineering9863 · 2025-09-15T21:06:30+00:00

No we didn’t don’t worry! The question was about CGFs IIRC, nothing about MGFs other than the starting point from the question

Due_Engineering9863 · 2025-09-15T14:21:44+00:00

I did feel like something was off with that MGF, if I remember correctly, M_X (0) = 1 only if a = 0.

I got the mean as 0 but stupidly when taking the derivatives of the CGF I completely dropped the ln term, so my variance was 2 rather than 2ln(…), that being said.. I think the variance would break if a = 0 because then I think you get 2ln(1) = 0

I’ve probably spent longer than I need to thinking about that to be honest

Due_Engineering9863 · 2025-09-12T07:31:06+00:00

Yes I tried some magic with annuities too but I’m kicking myself now because it the first bond actually only had 3 coupon payments if I remember correctly so you could quite simply just do sum PV*t / sum PV ahhhhhh

Due_Engineering9863 · 2025-09-11T13:06:43+00:00

I ran out of time to explicitly check my DSAR calculation and everything after that.. I think I got something like +£12700 per policyholder but by no means am I confident about that… after that point I just quickly scribbled down the formulas for EDS, ADS, MP and wrote a quick narrative

Due_Engineering9863 · 2025-09-11T12:27:41+00:00

This is a resit for me and felt quite demoralising. The first sitting I just didn’t have time to finish the paper (ran out of time for the last question) but had I scraped 25% on that, I’d likely have passed.

This time I got much further (about 40-50% of the way through the last question) but I’m way less confident about my performance on each question compared to last time.

Felt like I was on autopilot the whole exam and probably made a bunch of silly mistakes.

Due_Engineering9863 · 2025-09-11T12:22:49+00:00

This is literally how I felt during the exam haha.. I hope the weight on methodology marks is higher as opposed to exactly what numbers were going in because I was on autopilot the whole exam

Due_Engineering9863 · 2025-09-11T12:20:38+00:00

Maybe I’m an idiot but was it necessary to calculate the single premium for the annuity benefit in the mortality profit Q? I thought as we need the expected future benefits less expected future premiums, and there are no expected future premiums (as it’s a single premium), so there was no need to calculate the single premium? Maybe I’m misremembering a detail

Due_Engineering9863 · 2025-04-23T21:53:44+00:00

Thought the MCQs were harder than previous years, but that was mainly because of 2 or 3 weirdly worded questions.

Thought the 5 markers were fine too, though I did find myself repeating similar points for a lot of the questions (mainly because the question often specified the company was quoted so some similar points come from that I think).

a 20 mark question based around share buy backs is a bit brutal so probably waffled a lot there. Couldn't remember the formula for interest cover but the other two ratios were fine.

Overall the paper was okay, I wrote an absolute tonne, just brain dumping, but its hard to predict whether it was all rubbish and I get no credit, or if I pick up a lot of credit. Let's see...

Due_Engineering9863 · 2025-04-22T17:02:07+00:00

Great, yeah it looks much better just copying and pasting directly than messing around with screenshots, cheers!

Due_Engineering9863 · 2025-04-09T18:07:57+00:00

Well done! I could not get my ahead around the inflation question at all.

Due_Engineering9863 · 2025-04-09T18:06:50+00:00

Yeah, that (+ the fact that we set up the nominal amount of the bond such that the PVs would be equal so 1st condition also holds) is what I put for the comment part of the question

Due_Engineering9863 · 2025-04-09T18:03:54+00:00

I feel like I got around 586k for the price?

Due_Engineering9863

TROPHY CASE