The Future of Pensions Advice: Part 1 – ‘Definitive breakdown of the final Defined Benefit Rules’
Check your answers
1. What is the only type of cashflow modelling that can be done under abridged advice?
a. Modelling the transfer value against prescribed money purchase assumptions
b. Modelling the benefits from the DB scheme against the client’s expenditure needs
c. Any model relevant to the client circumstances
d. Only when the recommendation will be not to transfer
2. Can a client get a declaration of advice after a don’t transfer recommendation from abridged advice?
3. What transfer permission is needed for pension sharing from a DB scheme?
a. Full transfer permissions at firm level and the advice must be checked by a PTS
b. Full transfer permissions at firm level but the advice does not need to be checked by a PTA
c. Relevant investment advice permission
d. The firm must have limited transfer permissions
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