View more on these topics

The Technical Quiz: 13 November


To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions…

Question one

Emma had a claim under her reviewable income protection policy last year. How will this affect the premium she pays at her policy’s first review next year?

A) The premium will stay the same

B) The premium will go up because she has made a claim

C) The premium will go up because of her claim but could go down again if she does not claim again in future 

D) Experience is based on the portfolio rather than any individual policy, so her claim would have little impact on the outcome

Question two

Jeff is 62. What pension credit can he claim at present?

A) None

B) Guarantee credit only

C) Savings credit only

D) Guarantee credit and savings credit

Question three

John is both a trustee of a DB pension scheme and finance director of the sponsoring employer. The same firm of professional advisers has also recently been appointed to advise both the trustees and the employer. Which of the following in relation to any conflict of interest that may arise is correct? 

A) The firm of professional advisers will benefit from being paid double the fee for a very similar job

B) A firm of professional advisers should not allow themselves to be put in this position where a conflict of interest exists and they should always walk away

C) The finance director must act as a trustee and there must be a documented process for dealing with any conflict of interest

D) The Pensions Regulator will not allow senior members of the sponsoring employer to become trustees




Questions supplied by CPD Centre

Scroll down for answers








1) D

2) B

3) C



FCA: Drawdown ‘unlikely to be suitable’ for pots under £50K

The FCA says income drawdown is “unlikely to be suitable” for pension pots under £50,000. Speaking at the Taxation of Pensions Bill committee hearing this week, FCA head of investment David Geale said currently drawdown risks and charges made it poor value for money for pots under £50,000. The FCA says it is not planning […]


Wells Street Journal: A vintage pensions minister?

Pensions minister Steve Webb might divide opinion among loyal WSJ readers but he remains a dream for diary column editors. Whether he is comparing pension charges to baked beans or threatening to sing at a conference, the LibDem MP’s tenure has been nothing if not interesting… Well, interesting for a pensions minister. And a WSJ […]

Santander award win 2014 620x430.jpg

Money Marketing scoops four personal finance media awards

Money Marketing won a total of four accolades at this year’s Santander Media Awards, including financial trade title of the year and trade website of the year. Money Marketing regulation reporter Tessa Norman was named as the winner of the judge’s award for trade article of the year, for revealing that the FCA had overcharged […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


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