Remote Pre-Exam Training. AF7 (Pension Transfers)

The Personal Finance Society Hants and Dorset Regional Committee in association with the Insurance Institutes of Bournemouth and Southampton have organised a ‘distance learning’ training day via an online and interactive conference video facility for those members who are studying for and taking the examination.

Priority will be given to Dorset based members of the PFS Hants and Dorset Region.

All MCQ (Multiple Choice Questions) Exams are available to book from 1st June for June and there is availability for July as well and August will follow very shortly.

All centres will be requested to have a 2 metre gap between desk / computer pods.

Further details available at: https://www.cii.co.uk/about-us/faqs/#!#online-mcq-exams-coronavirus-update

The cost of the day’s training will be £82 for PFS members and £92 for non-PFS members.

Your attendance will be confirmed once you have booked online.

There is a maximum of 12 attendees. If we are oversubscribed, you will be placed on a waiting list.

Due to the COVID-19 pandemic, all face to face training organised by committee has been suspended until further notice by HM Government and the PFS and CII centrally.

The AF7 preparation day aims to increase your chances of passing the exam.

Overall objective

To significantly improve delegates’ chances of passing the exam by revising the key technical points that are likely to be tested.

By the end of the event delegates will able to:

• understand the background to pension transfers both from money purchase and final salary arrangements
• describe a DB scheme’s main features including the benefits paid at normal, early and late retirement, ill health pension and on death
• describe the member options with an uncrystallised money purchase fund
• understand the options available to someone who has left a DB scheme’s sponsoring employment
• understand how a Cash Equivalent Transfer Value (CETV), is calculated, the assumptions behind the calculation and how changes in these will affect the CETV
• understand the main principles in advising clients considering transferring their DB rights to flexible benefits
• understand the factors that must be taken into account to ensure that advice is appropriate.
• Understand the factors in ensuring that income in drawdown will be sustainable
• know the FCA’s current thinking on DB transfers and the compliance issues in giving advice on DB transfers

The course trainer is Dean Scott, who via his firm L&D Digital provide comprehensive financial services training support to the CII and some major financial institutions.

To attend, please book online via the following link

https://www.localinstitutes.cii.co.uk/southampton/home/events/forthcoming-events/

Any questions please email the Hants and Dorset PFS Regional Committee on hantsanddorsetpfs@outlook.com.

Paul Dyer
President
The Insurance Institute of Bournemouth

For details of forthcoming CII events across the region, visit www.cii.co.uk/events