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R01 > Chapter 8 > Flashcards

Chapter 8 Flashcards

1
Q

What is the order of priority for clients needs?

A

PIPSI
Protection
Income Protection
Pensions
Savings & Investments

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2
Q

How must any demands and needs be identified?

A

Identified
Discussed
Quantified
Prioritised - Ethical Preferences & Attitude to Risk

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3
Q

What is an assessment of affordability and suitability?

A

Affordable both now and in future
All aspects of suitability including tax, demands and needs, affordability and risk
Areas not discussed should be highlighted

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R01 (11 decks)

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