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Questions and Answers
Which regulatory body is responsible for overseeing pension transfers?
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)?
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?
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?
Which regulatory body provides guidance on pension transfers?
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What is the purpose of the Statutory advice requirement?
What is the purpose of the Statutory advice requirement?
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Which regulatory body provides guidance on pension transfers?
Which regulatory body provides guidance on pension transfers?
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What is the purpose of the Transfer Value Comparator (TVC) and appropriate pension transfer advice (APTA)?
What is the purpose of the Transfer Value Comparator (TVC) and appropriate pension transfer advice (APTA)?
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What is the purpose of the Statutory advice requirement?
What is the purpose of the Statutory advice requirement?
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What is the best method for calculating the transfer value of a pension?
What is the best method for calculating the transfer value of a pension?
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Which regulatory body is responsible for overseeing pension transfers?
Which regulatory body is responsible for overseeing pension transfers?
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