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Tom Simpson
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Decks in this class (34)
1 : 1 - Introduction
Understand the relationship between insurance and assets and liabilities
12
cards
1 : 2 - The Role of Insurance
Be able to analyse the role of insurance in mitigating personal financial risk
42
cards
1 : 3 - Life Assurance, Pension Policies and Employer-Based Policies
What is life assurance or death i...,
Why has the cost of life assuranc...,
What is the charge on any excess ...
23
cards
1 : 4 - Income Protection
Be able to analyse the range, structure and application of income protection insurance to meet financial protection needs including: types of policies, features and uses, comparative costs, benefits and disadvantages; definitions, exclusions, premium calculation factors; underwriting and claims: issues and processes; taxation treatment
35
cards
1 : 5 - Critical lllness Insurance
What is critical illness cover cic,
What are examples of the illnesse...,
Who has produced a statement of b...
18
cards
1 : 6 - Long-Term Care Protection
Be able to analyse the range, structure and application of long-term care insurance to meet financial protection needs including: political environment, social care policy, national factors; main product types and features; cost and other factors, options and choices; available resources, impact and consequences; immediate needs provision; long-term care planning process; legal considerations, Power of Attorney; home income plans/equity release
72
cards
1 : 7 - Regulatory Considerations Relating to Long-Term Care Insurance
Understand the regulatory considerations that apply to long-term care insurance: affordability, suitability, appropriateness; Financial Conduct Authority’s (FCA’s) ‘packaged product’/retail investment products regime; role of Financial Ombudsman Service and Financial Services Compensation Scheme; training and competence requirements for long-term care insurance; provision of pre- and post-sales information; claims handling rules; convertible products
9
cards
1 : 8 - Bonds
Be able to evaluate the taxation treatment of life assurance and pension-based protection policies including: qualifying and non-qualifying life assurance policies, offshore life assurance policies; taxation of life funds (onshore and offshore); tax on income and distributions
27
cards
1 : 9 - Sources of Financial Protection
Understand the range and limitations of state, local authority and other welfare benefits including: State Pension and Pension Credit; housing, rent rebates, mortgage repayment and Council Tax benefits; incapacity, disability, sickness and maternity benefits; social care provision; Universal Credit and other tax credit
11
cards
1 : 10 - Other Insurance-Based Protection Products
Be able to analyse the main features of other insurance-based protection policies: personal accident and sickness insurance; private medical insurance, hospital plans and dental insurance; payment protection insurance – mortgage, credit
14
cards
1 : 11 - Other Protection Solutions
Be able to analyse the areas of personal income and family income, capital protection needs: health, incapacity, accident; income, mortgage and other debt; death, asset protection
8
cards
1 : 12 - Business Protection
Be able to evaluate the current and future needs and priorities for financial protection: SME business protection needs – business loans, key person, partnership and shareholder protection
13
cards
1 : 13 - Protection Planning and Solutions
Understand the relevant factors for individuals and business clients when it comes to planning their financial protection requirements: risks and constraints; priorities; range and suitability of solutions; consequences of inadequate protection
19
cards
1 : 14 - Consumer and Retail Market Factors and Trends Relevant to Financial Protection
What does the financial advice ma...
1
cards
2 : 1 - Background
When was the first organised pens...,
What does the finance act 1921 cover,
What does the 1946 national insur...
10
cards
2 : 2 Types of Pension Schemes
Whatre the 3 main types of pensio...,
Whatre examples of the legislativ...,
What is automatic enrolment auto ...
37
cards
2 : 3 - The Key Characteristics of Defined Benefit (DB) Schemes
What is the definition of a db sc...,
A db scheme may change the level ...,
What are the member benefits of d...
35
cards
2 : 4 - The Key Characteristics of Defined Contribution (DC) Pension Schemes
Whatre the advantages of a dc sch...,
Whatre the advantages of a dc sch...,
In simple terms what to dc scheme...
52
cards
2 : 5 - State Pension Schemes
Who is eligible to build up benefits,
What is the spa for men,
What is the spa for women born af...
30
cards
2 : 6 - HMRC Tax Regime
When was a day,
What was a day,
What new rules did a day introduce
61
cards
2 : 7 - The Development of Pensions
What does the eu s transfers of u...,
What level of ftse 100 companies ...,
Are uk pensions are portable over...
8
cards
2 : 8 - Pensions Law and Regulatory Compliance
What did the european directive 2...,
What did the directive make unlawful,
How can qualifying periods act as...
57
cards
2 : 9 - Auto-Enrolment Legislation
What has auto enrolment legislati...,
What does auto enrolment legislat...,
How is auto enrolment legislation...
9
cards
2 : 10 - The Introduction of Pension Flexibilities
As of 2014 what is the minimum ag...,
As of 2014 what is the maximum ag...,
As of 2014 how is a uncrystallise...
11
cards
2 : 11 - Financial Planning and Advice for Retirement
What are the broad considerations...,
Do pensions receive tax relief,
Are pensions taxed
51
cards
2 : 12 - Taking a Retirement Income
Individuals who reach state pensi...,
If an individual has no need for ...,
How could deferring a pension hel...
26
cards
2 : 13 - Decumulation Factors to Consider
Name 5 decumulation factors to co...,
What is the general issue with mo...,
What would need to be included if...
11
cards
3 : 1 - Financial Planning Fundamentals
What is the definition of financi...,
What is the definition of financi...,
Why are financial planning and ad...
35
cards
3 : 2a - Collecting the Client's Information
Why is gathering information impr...,
What types of information are req...,
Is there a set structure for coll...
34
cards
3 : 2b - Collecting the Client's Information
How do assets change upon death,
How can the amount of the clients...,
What does the net worth statement...
47
cards
3 : 3 - Financial Planning Assumptions
Give examples of assumptions that...,
How should assumptions be justified,
What is simple interest
23
cards
3 : 4 - Developing and Communicating Financial Planning Recommendations
In what ways can you justify how ...,
How can interest rate changes aff...,
How can recommendations be relate...
74
cards
3 : 5 - Implementing Financial Planning Recommendations
When do rules on suitability apply,
What is the reason for suitabilit...,
In order to assess the suitabilit...
43
cards
3 : 6 - Planning in a Regulated Environment
What does the senior managers and...,
What are dual authorised firms,
What does pra stand for
58
cards
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CISI Financial Planning & Advice
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