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Which of the Following Is NOT One of the Key

question 53

Multiple Choice

Which of the following is NOT one of the key standards of ethical practice published by the IMA?


Definitions:

Defined Benefit Pension Fund

A type of pension plan in which an employee receives a predetermined monthly payment in retirement, the amount of which is based on salary history and length of service.

Actuarial Assumed Rate

Actuarial Assumed Rate is the interest rate estimate used by actuaries to calculate the present value of future pension obligations or insurance liabilities.

Legal Title

The formal ownership of property, which includes the rights to use, manage, and dispose of the property.

Personal Trust

A legal arrangement where assets are managed by a trustee for the benefit of another party, based on trust and confidence.

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