The AF7 preparation day aims to increase your chances of passing the exam.
Overall objective: To significantly improve delegates’ chances of passing the exam by revising the key technical points that are likely to be tested.
By the end of the event you will able to:
-
understand the background to pension transfers both from money purchase and final salary arrangements
-
describe a DB scheme’s main features including the benefits paid at normal, early and late retirement, ill health pension and on death
-
describe the member options with an uncrystallised money purchase fund
-
understand the options available to someone who has left a DB scheme’s sponsoring employment
-
understand how a Cash Equivalent Transfer Value (CETV), is calculated, the assumptions behind the calculation and how changes in these will affect the CETV
-
understand the main principles in advising clients considering transferring their DB rights to flexible benefits
-
understand the factors that must be taken into account to ensure that advice is appropriate
-
Understand the factors in ensuring that income in drawdown will be sustainable
-
know the FCA’s current thinking on DB transfers and the compliance issues in giving advice on DB transfers