Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Who can investigate complaints with the Pension Ombudsman?
Who can investigate complaints with the Pension Ombudsman?
- Only current members of a pension scheme
- Anyone with a financial concern
- Current or former members of a pension scheme, and their dependants (correct)
- Only financial advisors and pension experts
What is the main goal of the Money and Pensions Service?
What is the main goal of the Money and Pensions Service?
- To regulate pension schemes
- To invest in pension funds
- To provide financial advice to pensioners
- To make guidance and information available to help people make effective financial decisions (correct)
What type of pension schemes does the Pension Protection Fund (PPF) protect?
What type of pension schemes does the Pension Protection Fund (PPF) protect?
- Only defined contribution schemes
- Defined contribution and hybrid schemes
- Defined benefit and hybrid schemes (correct)
- Only hybrid schemes
How is the Pension Protection Fund (PPF) funded?
How is the Pension Protection Fund (PPF) funded?
Signup and view all the answers
What happens when the PPF assumes responsibility for a scheme?
What happens when the PPF assumes responsibility for a scheme?
Signup and view all the answers
What is the purpose of Pension Wise?
What is the purpose of Pension Wise?
Signup and view all the answers
Who can nominate someone to take a complaint to the Pensions Ombudsman?
Who can nominate someone to take a complaint to the Pensions Ombudsman?
Signup and view all the answers
What is the role of MoneyHelper?
What is the role of MoneyHelper?
Signup and view all the answers
What type of service is MoneyHelper?
What type of service is MoneyHelper?
Signup and view all the answers
Who runs the Pension Protection Fund (PPF)?
Who runs the Pension Protection Fund (PPF)?
Signup and view all the answers
Flashcards are hidden until you start studying
