Thank you so much Dr Mark! I'm working 9 to 8pm everyday and so to save time your videos help me a lot!! 3 weeks left and I haven't done any mocks (still on revision), but I will finish them soon to test myself. Thank you again for these useful tips!
I think there may be a discrepancy here. Got an answer wrong on the CFAI online qbank when it comes to total periodic pension cost vs periodic pension cost. I saw the question ask for the periodic pension cost and remembered this video, recalled the inputs, and then came up an answer that was one of the choices...it was wrong. For PPC I used actual return on plan assets, but CFAI said I should have used expected return for PCC and actual return for TPCC. You did mention total periodic pension costs but the slide just says PCC, so I figured it might be worth pointing out for any viewers. Total periodic pension cost = actual return. Periodic pension cost = expected return (according to the CFAI text)
Shauncore be careful here - I think the video is wrong slightly. It gives the formula for TOTAL periodic pension cost, not periodic pension cost. For the question you are doing, largely the same calcs but uses expected
