AF7 (Pension Transfers) Pre-exam Training Monday 18th September 2023 - online distance learning event

AF7 (Pension Transfers) Pre Exam Training, Monday 18th September 2023

The Personal Finance Society Hants & Dorset, Surrey and Thames Valley Regional Committees in association with the Insurance Institutes of Bournemouth, Guildford, Reading and Southampton have organised a training day for those members who are studying for and taking the AF7 examination.

This event will be run as an Online Distance Learning event.

The cost of the day’s training will be £180 for Hants & Dorset, Surrey and Thames Valley PFS members and all other PFS members and £190 for non-PFS members. There is a maximum of 16 attendees. If we are oversubscribed, you will be placed on a waiting list.

We reserve the right to cancel this event should there be less than 6 delegates attending. Should this occur a full refund or transfer to an alternative course will be offered and some supporting material, at no extra cost, will be sent to the enrolled delegates.

The day will commence at 0930 sharp and finish by 1630, with breaks timetabled for lunch etc throughout the day.

This course is recorded and a copy is sent to all delegates.

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

Our 2023 online revision programme is being co-ordinated by Dean Scott and L&D Digital Solutions. The course trainer is Dean Scott FPFS, a CII approved trainer, who has supported the Personal Finance Society Hants and Dorset Region’s exam revision programme since 2020.

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

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