AF7 Pension Transfers - March 2018

This one-day course aims to significantly improve delegates' chances of passing their exam by developing an understanding of the key technical points that are likely to be tested.

The session takes place at K2 Leisure Centre, Crawley and opens for registration at 9.00am for a 9.30am start and ends at 4.45pm, providing a full six hours' CPD.

Led by John Trayner, 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.

The course includes all tuition, tea/coffee on arrival and during formal breaks and a buffet lunch. If you would like to join us for this event, please click on the Book Now button below. (Please note, to benefit from the discounted rate, you will be required to provide your membership number at the time of booking.)

Course Objectives

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 the key elements of a Transfer Value Analysis System (TVAS) is constructed and the assumptions it will use

• understand how a critical yield is calculated together with its limitations

• understand the main factors that must be considered in advising clients who wish to consider transferring their DB pension rights

• understand the principles of ensuring a sustainable income in retirement

• know the FCA’s current thinking on DB transfers

• know the compliance issues in giving advice on DB transfers

Other Information
There is ample free on-site parking at the venue.

Please note that this event will take place on the 1st floor at K2. A lift will normally be available for delegates to access the training, but stairs will need to be used in the event of an emergency evacuation of the building.

Full joining instructions will be sent to delegates ahead of the event.

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