AF7 Study Day 2 - 16th March 2020 EVENT CANCELLED

Prudential Reading
Monday, 16 March 2020
9:00 am – 4:30 pm
    • John Trayner, FCII FPFS Chartered Insurance Practitioner, Audley Financial Training

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

The course objectives are:

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 the main structure and governance of a defined benefit scheme.
  • Describe a DB scheme’s main features including the benefits paid at normal, early and late retirement, ill health pension and on death
  • Understand the options available to someone who has left a DB scheme’s sponsoring employment.
  • Know how a deferred pension will be revalued
  • 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 how a TVAS is constructed and what assumptions need to be made.
  • Understand how a critical yield is calculated together with its limitations
  • Understand and identify the main factors to be able to advise clients who wish to consider transferring their DB pension rights both ahead and at the point of retirement
  • Understand the principles of managing a Flexi Access Drawdown fund to achieve a sustainable income in retirement
  • Know the FCA’s current thinking on DB transfers
  • Know the compliance issues in giving advice on DB transfers

The course trainer once again is John Trayner FCII FPFS, Audley Financial Training.

Ahead of the event delegates should try and refresh their knowledge of:

  • The rules on revaluing deferred pensions
  • The main benefits of retaining membership of a DB scheme
  • How Flexi Access Drawdown works together with the options on the death of a member or dependent.

This event is provided at a subsidised cost of just £75 for PFS members, (£80 non-members) paid in advance, which includes refreshments and a sandwich lunch.

Places are limited to 12 people, so early booking is advisable. Places will be allocated on a first come, first served basis.

  • 121 Kings Road
  • Reading
  • RG1 3ES

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

5 1/2 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at