Pension Transfers and Regulations
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Questions and Answers

Which regulatory body is responsible for overseeing pension transfers?

  • The Transfer Value Comparator
  • The Statutory advice requirement
  • The Financial Conduct Authority (correct)
  • The Pensions Regulator

    • What is the purpose of the Transfer Value Comparator (TVC) and appropriate pension transfer advice (APTA)?

  • To regulate underfunded pension schemes
  • To calculate the transfer value of a pension
  • To compare different pension transfer options (correct)
  • To provide guidance on pension optouts

    • Which method is used to calculate the transfer value of a pension?

  • Best estimate method (correct)
  • Calculating the transfer value is not required
  • Alternative method
  • Reducing benefits for underfunded schemes

    • Which regulatory body provides guidance on pension transfers?

    <p>The Pensions Regulator</p> Signup and view all the answers

    What is the purpose of the Statutory advice requirement?

    <p>To ensure individuals receive appropriate advice before transferring their pension</p> Signup and view all the answers

    Which regulatory body provides guidance on pension transfers?

    <p>The Pensions Regulator</p> Signup and view all the answers

    What is the purpose of the Transfer Value Comparator (TVC) and appropriate pension transfer advice (APTA)?

    <p>To compare the value of a pension transfer against the benefits of staying in the existing scheme</p> Signup and view all the answers

    What is the purpose of the Statutory advice requirement?

    <p>To ensure that individuals receive advice from a qualified adviser before transferring their pension</p> Signup and view all the answers

    What is the best method for calculating the transfer value of a pension?

    <p>Best estimate method</p> Signup and view all the answers

    Which regulatory body is responsible for overseeing pension transfers?

    <p>The Financial Conduct Authority</p> Signup and view all the answers

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