AF7 - Exam objectives

Question 1

Areas AF7 is testing my knowledge on

1) Transfer process
2) Factors when determining suitability
3) FCA requirements incl. comparator tools

Answer 1

Safeguarded benefits

4) Features of DB schemes
5) Underfunding, PPF
6) Death benefits
7) Ill-health

Question 2

Pension income options

8) Features of receiving schemes: PCLS, FAD, UFPLS, Annuities
9) Impact on the recommendation

Answer 2

Others

10) Cash flow modelling
11) Transitional protections
12) Divorce
13) Sage withdrawal rates
14) Inflation and risks