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The Defined Benefit Transfer Panel Debate

Check your answers

1.      What is the reference of the finalised guidance paper?

a.      GC20/1

b.      FG21/3

c.       DB13

d.      DB20/3

      

2.      What type of cashflow modelling assuming funds are transferred can be used for abridged advice?

a.      Cashflow modelling cannot be used in abridged advice for anything other than the DB benefits against the clients expected expenditure

b.      Only in line with APTA

c.       Any model relevant to the client circumstances

d.      Any model that takes account of when funds might run out

     

3.      When can contingent charging continue to be used for a DB transfer?

a.      Only when the clients requests it

b.      When the client in in ill health and/or has financial hardship and cannot afford to pay for the advice

c.       When the adviser explains it in writing

d.      When the total annual charge is less than 1% p.a

 

4.      How many additional hours of CPD must a pension transfer specialist now undertake?

a.      30 hours

b.      10 hours

c.       35 hours

d.      15 hours

CPD certificate

Before collecting your certificate please take a moment to provide us feedback on this session, please email prudential.distribution.team@prudential.co.uk

Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when making contact with us.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company. The Prudential Assurance Company and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.