1) What are the different types of insurers and how do they differ?

2) Differentiate between defined benefits and defined contributions pension plans. Who bears the investment risk under each of these alternatives? Which type of plan is easier to fund and manage?

3) What type of fund would you want to buy if you believed that stock markets were always fully and completely efficient? Explain why. Why do you think people do not all buy the same kinds of funds?

4) What is a property trust? What problem did these firms experience during the 1990s?