Multiple Response

Question 1

What are the main provisions under the e commerce directive rules

Answer 1

Fca status disclosure and financial services register number must be given

Customers must be told how to place an order

Orders have to be acknowledged without delay

Question 2

Whst must be included in a KFD

Answer 2

Aims of the investment

Cancellation rights

The principal terms of investment

Question 3

What forms of remuneration must be disclosed before selling a packaged product via its agent

Answer 3

Any remuneration due to its agent

Proper value of agents car

Any remuneration recieved by the firm

Proper value of the agents pension benefit

Question 4

Difference between best execution and execution only

Answer 4

Execution only transactions on a complex product, the firm is required to assess the appropriateness

Best execution, the firm is required to carry out the instruction

Question 5

14 day cancellation period

Answer 5

Transferring child trust fund

Enterprise investment scheme

Opening any isa

Cash isa

Question 6

Financial planning opportunities

End of year

Answer 6

Using up isa allowances

Utilising cgt exempt amount

Utilising cintribution limits

LIMITS

Question 7

Whst should be re-checked at each meeting

Answer 7

Review the fact find

Attitude to risk

Growth on investments and pensions

Financial dependents

State of health, financial aspirations and time horizons