Retaining records

Question 1

Records for unresolved Occupational Pension Schemes should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 1

B: 3 Years

Question 2

Records for Mortgage contract customer letter should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 2

3 Years

Question 3

Records for Training and competence for all individuals that have left a firm should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 3

3 Years

Question 4

Fact find details from know youor customer’ rule should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 4

Indefinitely

Question 5

Records for pension transfers or opt out should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 5

Indefinitely

Question 6

Records for stakeholder pension scheme members should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 6

5 Years

Question 7

Customer records for evidence of identification to be retained by lender for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 7

5 Years

Question 8

Fact find information on MIFID firm should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 8

5 Years

Question 9

Records for resolved complaints should be kept for:
A: 4 weeks
B: 6 weeks
C: 8 weeks
D: 1 year

Answer 9

8 weeks

Question 10

Cooling off period for general insurance contract is:
A: 7 days
B: 14 days
C: 28 days
D: 30 days

Answer 10

14 Days

Question 11

Records for training and competence for pensions transfer specialist should be kept for:
A: 6 Years
B: 3 Years
C: 5 Years
D: Indefinitely

Answer 11

Indefinitely