Further Questions & Technical Details Flashcards
Explain the process an adviser should follow to establish a clients aims and objectives
An investment policy statement should sum up the investment strategy by setting out:
Explain how lifetime cash flow projections are used
Outline the process an adviser should follow to provide clients with suitable advice on their existing investments
Outline the factors an adviser should consider and the process they should follow when recommending a fund switch
Outline the process you would follow to enable you to review the performance of an existing investment
What is meant by the term risk profile
Explain why risk profiling tool might be useful in assessing their atr
Why should an adviser not rely solely on computer based risk profiling tool to confirm a clients atr
What does an adviser need to take into account when undertaking a risk assessment
Explain the importance of reviewing ATRs on a regular basis
Tell me about term assurance and critical illness
List the types of term assurance
Talk about income protection, personal accident and sickness insurance, accident sickness and unemployment insurance and mortgage protection insurance
Talk about private medical insurance
List the benefits and drawbacks of using an income protection policy as opposed to sickness and unemployment policy
Talk about phased annuity purchase, phased fad and ufpls
Explain how salary sacrifice arrangement might work
What is the ‘safe withdrawal rate’
What is stress testing
Compare vct’s Eis’s and seis’s
Explain the difference between negative exclusions and positive selection
Explain the potential advantages and disadvantages of using esg investments as part of an investment portfolio
List 7 key areas for investment which may be excluded by socially responsible investment managers
Explain the esg standards used to assess company’s practices
Outline the difficulties that a client may face in setting up a suitable portfolio to meet her esg views
Why is diversification important
State the limitations of using an asset allocation model
Outline the factors an adviser should consider and the process they should follow when recommending a fund switch
Outline the benefits and drawbacks of being invested in tracker funds
Benefits for a client of holding investments on a platform
Talk to me about bare trust and discretionary trust
What are the duties or trustees
What are the advantages of having valid wills
Explain the key duties of an executor of a will
Identify the key instructions that should be included in a will
Talk to me about LPA
Talk to me about property and financial affairs - duties and powers
Talk to me about health and welfare - duties and powers
