COBS: Record Keeping Flashcards
1
Q
general rule for non mifid business on record keeping
A
3 years from date of dispatch
2
Q
general rule for mifid business on record keeping
A
5 years from date of dispatch
3
Q
how long must records be kept for pension contracts, stakeholder pensions and life assurance
A
5 years
4
Q
how long must records be kept for pension transfers and opt-outs, free standing additional voluntary contributions
A
indefinitely
5
Q
how long to recordings of telephone comms need to be recorded
A
five years from creation of the record
6
Q
what is true about all records
A
must be readily accessible
7
Q
A
