The Defined Benefit Transfer Panel Debate
Check your answers
1. What is the reference of the finalised guidance paper?
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
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