Exam Questions Flashcards
1
Q
What is the support for mortgage interest?
A
If an individual is off work sick for a long period of time, they can apply for this help and 100% of the interest on a mortgage will be paid up to £200,000 direct to the lender.
2
Q
How must contract terms be set out under the Consumer Rights Act and consumer rights directive?
A
They must be prominent and transparent.
3
Q
What is the maximum pensions regulator fine?
A
£50,000 for employers and £5,000 for individuals.
4
Q
Who would be exempt from MIFID rules?
A
An investment firm NOT holding client monies.
MIFID affects investment firms and not protection firms, therefore the protection firm would not be affected rather than being exempt.
5
Q
Which UK body investigates mergers?
A
The competition and markets authority.
