Chapter 3: Practice Governance

Question 1

What designated professional body’s (DPDs) can give advice on matters like where to invest and what pensions to use?

Answer 1

Law
Charted Accountants
Actuaries
Conveyors
Surveyors

Question 2

What is a brand?

Answer 2

Things that a firm may use to advertise eg. Website, branded stationary, footer on a letter

Question 3

What can a member (who is not a member of a DPB and is not authorised by the FC) give advise on investment wise?

Answer 3

May advise on general benefits (not specific names) and tax implications

Question 4

What can a member (who is a member of a DPB but is not authorised by the FC) give advise on investment wise?

Answer 4

Can comment on advice from a financial advisor but not make an alternative suggestion

Question 5

What can a member (who is a member of a DPB and is a authorised by the FCA) give advise on investment wise?

Answer 5

Fully advice and give specific product recommendations ( but will need specific authorisation personally not just there company) to advice ok pension transfers or opt outs