Case Study 2 Questions - Objective 1

Question 1

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

Answer 1

Question 2

Explain how a lifetime cash flow model could be used to help kabir ensure he can meet his objectives

Answer 2

Question 3

Outline the key info an adviser should take into account when preparing a cash flow model to assess their retirement provision

Answer 3

Question 4

Explain the limitations of cash flow modelling and why they should not rely on this as the sole method of planning future income needs

Answer 4

Question 5

Outline the key issues that an adviser should discuss with them at their annual review regarding their objective to increase kabirs pension provision

Answer 5

Question 6

State the benefits and drawbacks for kabir of entering into a salary sacrifice pension arrangement

Answer 6

Question 7

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

Answer 7

Question 8

Describe the process their adviser would follow when assessing the adequacy of their pension to provide their required retirement income

Answer 8

Question 9

Explain to them how their eligibility to state pensions would work and why they should obtain a state pension forecast

Answer 9

Question 10

Recommend and justify a range of actions that they could take to improve their current retirement savings provision

Answer 10

Question 11

Explain to them why it’s important to make regular savings into their pensions and isas

Answer 11