Financial Services and consumer relationships Flashcards
1
Q
Who are Stakeholder Pensions aimed at?
A
Low Income Customers
2
Q
Does critical illness pay out lump sum or contribution?
A
Lump sum
3
Q
What is a GPP?
A
They are established by an employer as a way of providing employees with a pension plan run by a single provider. They are usually slightly cheaper than personal pensions.
4
Q
Is a mortgage a secured or un secured loan?
A
Secured. Also called a home loan.
5
Q
What is a Fact Find?
A
Used by the employer to find out information regarding the customer. It is not regulated.
6
Q
A
