Adviser Knowledge Levels – Cape Academy

Chapter Progress:

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Introduction & key terms

Drawing pension benefits

Small pots and trivial commutation

Small pots payments
Trivial commutation by the member
Trivial commutation lump-sum death benefits
Valuing benefits for the purposes of commutation

Secured pension options

Scheme Pension
Lifetime Annuity
Comparison between a scheme pension and a lifetime annuity

Uncrystallised funds pension lump sum (UFPLS)

Drawdown pension

Capped Drawdown
Review Procedure
Flexi Access Drawdown
Short Term Annuity
Death Benefits
Transferring a drawdown pension contract "
Risks
Comparison of pension income options
Comparison of pension death benefit options

Compliance requirements and consumer protection

Conduct of Business Sourcebook (COBS)
Retirement Risk Warnings
Suitability Reports
Illustrations
Critical Yields
Adviser Knowledge Levels
Guidance Guarantee

Phased retirement

Introduction
Phased annuity purchase
Phased capped drawdown
Phased flexi-access drawdown
Choosing how to phase benefits

Return to Solo 6 (RO4) course

Adviser Knowledge Levels

The FCA expect advisers to have adequate knowledge and it includes the following within the table below:

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