Case Study 2 Questions Flashcards
Outline to them key issues that may result in them failing to meet financial goals
Identify key areas of weakness in their current protection arrangements
State the additional info an adviser would require to advise them on how to meet their objectives
State the process an adviser should follow when advising their financial situation
Outline the factors an adviser should take into account when assessing kabirs capacity for loss with regards to his objective to rebuild his pension fund
Outline how kabirs capacity for loss may have changed as a result of his divorce
Explain how a lifetime cash flow model could be used to help kabir ensure he can meet his objectives
Outline the key info an adviser should take into account when preparing a cash flow model to assess their retirement provision
Explain the limitations of cash flow modelling and why they should not rely on this as the sole method of planning future income needs
Identity the key issues that an adviser should discuss with them at their next annual review
Outline the key issues that an adviser should discuss with them at their annual review regarding their objective to increase kabirs pension provision
Outline the key issues an adviser should discuss with them at an annual review regarding their objective to protect maintenance payments
Explain to kabir and Emma the advantages and disadvantages in prioritising pension contributions over saving towards a property deposit
State the benefits and drawbacks for kabir of entering into a salary sacrifice pension arrangement
Outline the key factors that their adviser should take into consideration before making any changes to the underlying investments in their pensions and isa’s
Describe the process their adviser would follow when assessing the adequacy of their pension to provide their required retirement income
Explain to them how their eligibility to state pensions would work and why they should obtain a state pension forecast
Outline the factors that their adviser would need to consider when assessing the suitability of their current cash and investment holdings for long term needs
Outline the factors kabir would need to consider when determining whether to retain his share portfolio
Outline to kabir how his cgt liability will be calculated should he opt to dispose of his shares
Outline the factors an adviser would consider when assessing how best to meet his need to protect the maintenance payments
Outline the process that kabir and Emma’s adviser would follow when assessing their protection needs
Identify the factors that an adviser would consider when advising them on their objective to ensure that the children will receive kabirs estate on death
Explain in detail to kabir the implications of not updating his will and nominations following his divorce
Recommend and justify a range of actions that they could take to improve their current retirement savings provision
Explain to them why it’s important to make regular savings into their pensions and isas
Explain the workings of a vct and the benefits to kabir of investing in a vct as an alternative to his smaller share portfolio
Recommend and justify an appropriate insurance policy to ensure the maintenance payments to Hannah are protected in the event of kabirs death
Explain the actions that kabir should take in respect of his existing will and nominations
Outline to kabir why he should review his death benefit nominations and his will on a regular basis
Outline to kabir the process that will be used to wind up his estate on death and his assets will be treated for iht purposes
Outline to kabir why he should nominate the children as beneficiaries on his expression of wishes
Outline the key issues that an adviser should discuss with them at an annual review regarding their objective to ensure the children receive kabirs estate on death
Recommend and justify an appropriate insurance policy to provide cover in the event of kabir and/or Emma’s inability work due to ill health
State the factors that their adviser would take into account when advising them on a suitable strategy to fund the deposit on their property
Outline the main features of joint tenancy and tenancy in common as a property ownership model and explain why tenants in common model may be appropriate to meet kabirs estate planning needs
