BA245 Flashcards
1
Q
good way to show objectives
A
cashflow
2
Q
If immediate or different SRA
A
benefits payable at that date
3
Q
If drawdown
A
capacity for loss
4
Q
Transfer could result in loss of
A
Benefits calc in relation to length of service
Protection from investment risk
income for life normally indexed
possibility of other guarantees
5
Q
if transfer need to consider
A
age when funds run out (AFRO)
6
Q
Regularatory requirements
A
unless within 6 months of NRA COBS rules that a TV report is prepared
7
Q
Regulatory requirements
A
unless within 6 months of NRA COBS rules that a TV report is prepared
8
Q
Enhanced Protection
A
Risk of losing with transfer. check with scheme if benefits remain relevant since A Day
9
Q
Enhanced Transfer Values
A
Always CYC against non enhanced
