AF7 Pension Transfers 2017
A one day course
Led by a CII approved trainer, this one day training course costs £75 for members (non-members £95). It will cover all the aspects of pension transfers either as part of AF3 or for those taking AF7 as a stand alone subject.
By the end of the day 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
- 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 the main principles in advising clients who wish to consider transferring their DB pension rights
- know the FCA’s current thinking on DB transfers
- know the compliance issues in giving advice on DB transfers
Schedule
9am - Registration
9.30am - Morning session
12.30 - Lunch (buffet lunch provided)
13.15 - Afternoon session
16.45 - Day finishes
There will be a 15 minute break in the morning and afternoon and refreshments will be provided throughout the day.
Full joining instructions will be sent to those who have registered, shortly before the session takes place.
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
6 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 www.cii.co.uk/cpd.