AF7 Pension Transfers - March 2020

COVID-19 Update

As a result of recent government advice, the CII has announced that all events planned during Q2 2020 should be postponed with immediate effect.

We hope to be able to reschedule this workshop later in the year and will contact members with full details once this has been arranged. If you have any questions please contact Susan Stamp at secretary@sussexcii.org.uk.

For a full copy of the CII announcement, including advice regarding exams due to be taken in April, please click here.

This one-day course aims to significantly improve delegates' chances of passing their exam by revising 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 4.30pm, providing a full six hours' CPD.

Led by John Trayner, a CII Approved Trainer, this one day training course costs £80 for members (non-members £100). It will cover all the aspects of pension transfers 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 a DB scheme’s main member benefits including pensions paid at normal, early and late retirement, ill health pension and on death before and after retirement

• understand the options available to someone who leaves a DB scheme’s sponsoring employer

• 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 factors that should be considered in advising clients who wish to consider transferring their DB pension rights

• analyse how both safeguarded and flexible benefits can meet a client’s needs

• understand the different strategies to ensure the transferred sum can provide a sustainable income in retirement

• know the compliance issues in giving advice on DB transfers

• understand the make-up of the Transfer Value Comparator and how it should be used in the advice process

• understand the content of a Appropriate Transfer Analysis

• know the responsibilities of the ceding scheme and receiving arrangement in carrying out the transfer

Course materials
You will be sent a link to the course materials 10 days before the event, for you to bring as printed copies or to be viewed on your tablet or laptop. Alternatively, printed materials can be provided on the day for an additional cost of £10. Please select the appropriate ticket type below.

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.

IMPORTANT UPDATE - COVID-19
Please click here for information issued by the CII on the COVID-19 virus and local institute organised events.

About our speaker
John has over 40 years’ experience in insurance and financial services. Not surprisingly most of his former employers no longer exist because of mergers and takeovers. For example he joined Leeds Permanent Building Society in 1986 and at retirement was working for Lloyds Banking Group even though he’d never changed employers! The last 15 years were spent in the training department specialising in professional exams.

Not wishing to spend retirement watching daytime TV he decided to become a freelance trainer specialising in helping people to pass the CII’s Financial Services exams.

John is a Chartered Insurance Practitioner and a Fellow of both the Chartered Insurance Institute and the Personal Finance Society.

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