View more on these topics

The Technical Connection Quiz: 20 February


The following questions all relate to auto enrolment and Nest.

Question one

The minimum level of contributions to enable a money purchase scheme to be treated as a qualifying scheme for automatic enrolment purposes is to be phased in over a number of years.  It is currently proposed that the contributions will reach the full level from 1 October:

A) 2016

B) 2017

C) 2018

D) 2019

Question two

The current charges levied by Nest are

A) An AMC of 0.3 per cent on the total value of a member’s fund each year plus a “contribution charge” of around 1.8 per cent

B) An AMC of 0.5 per cent on the total value of a member’s fund each year only

C) An AMC of 0.3 per cent on the total value of a member’s fund each year plus a “contribution charge” of around 1.5 per cent

D) An AMC of 0.48 per cent on the total value of a member’s fund each year only

Question three

For the 2014/15 tax year a ‘qualifying jobholder’ will have to be auto enrolled once their earnings reach: 

A) £7,696

B) £8,105

C) £9,440

D) £10,000

Question four

For the 2014/15 tax year what are the minimum and maximum earnings limits on which contributions to a qualifying money purchase pension scheme will be based?

A) £8,105 and £41,865

B) £10,000 and £41,865

C) £8,105 and £42,475

D) £10,000 and £42,475

Question five

Widgets 2014 Ltd is a newly incorporated company as such, it will have a staging date for auto enrolment purposes will be:

A) Three months after the date they commenced operating their PAYE scheme

B) Three months after the date they incorporated

C) Between 1 May 2017 and 1 February 2018 depending upon the exact date of incorporation

D) Dependent upon the exact size of its payroll scheme

Questions supplied by Technical Connection

Access full CPD, technical updates and business generation ideas throughTechlink Professional. Go to and click theContact Us link at the top of the screen and then request your free trial from the drop down menu.


1 C

2 A

3 D

4 B

5 C



Alliance Trust Savings completes conversion to clean share classes

Alliance Trust Savings has completed its conversion to clean share classes, becoming the second platform to fully unbundle.  All bundled share classes have been converted to clean equivalents where an equal or cheaper net annual management charge is available. ATS gives clients an option to trade out of an investment free of any dealing charges […]


Standard Life expected to warn of cost of independent Scotland

Standard Life has been tipped to say an independent Scotland would threaten its business when it announces its annual results next week. A report in The Telegraph says the insurer and asset manager is concerned that an independent Scotland would be a particular risk for its £97bn pensions business if it were to lose the […]


MMTV: The People’s Pension on the biggest challenges of auto-enrolment

Money Marketing is speaking to a number of pension experts at its auto-enrolment invitational event about the state of the market and the issues that need to be tackled as auto-enrolment is rolled out to an increasing number of firms. First up, The People’s Pension’s head of policy Darren Philp. Agree or disagree with Darren’s verdict? Let us know by commenting below.


Man jailed for seven years over £22m investment fraud

A man has been jailed for seven years after defrauding 300 investors through an elaborate trading scam in a prosecution brought by the FCA. Benjamin Wilson was sentenced at Southwark Crown Court last week. He ran a scam under the name SureInvestment, an unauthorised firm based in Dorset which claimed to carry out futures trading […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm