APTA

Question 1

Client

Answer 1

Impact on clients tax position
Impact on clients means tested state benefits
Impact assuming longer life expectancy (e.g. to 100)

Question 2

Ceding & Receiving Scheme

Answer 2

Compare patterns of benefits under each scheme
Compare how both can meet the clients income needs
Compare how both can provide required death benefits

Question 3

Adviser

Answer 3

Trade offs when prioritising clients needs
Rate of return based on asset mix recommended for transferred funds
All charges, including those that occur if a transfer doesn’t happen

Question 4

FCA

Answer 4

Use assumptions in COBs when illustrating income likely to be paid from ceding scheme at point of retirement
Include a TVC