Topic 20

Question 1

What information must be provided at the outset?

Answer 1

1) Contact information.
2) Communication
3) Authorisation
4) Advance type
5) Investment management
6) Client money or investments
7) Charging structure
8) Charges payable
9) Details of complaints procedures including FOS and FSCS

Question 2

What products are Suitability Reports required for?

Answer 2

1) Life policies
2) Pension policies
3) Unit trusts
4) Investment trusts acquired through investment trust savings schemes
5) OEICs
6) Pension transfers

Question 3

What are the sections of a KIID (Key investor information document) ?

Answer 3

1) Objectives and investment policy
2) Risk and reward profile
3) Charges
4) Past performance
5) Practical information

Question 4

What is a real time promotion?

Answer 4

A non-written financial promotion such as a personal visit or telephone conversation

Question 5

What is a non-real-time financial promotion?

Answer 5

A written financial promotion such as a newspaper advert or social media post