AF7 hints and tips
AF7 hints and tips
AF7 hints and tips
February 27, 2023 4:57 pm
The case study questions in AF7 generally ask you to compare or state advantages/disadvantages when considering or selecting an income option. What can be really helpful here is having an answer spine that works for almost all cases. You can build your own but we generally think you should always consider the following…
o Access
o Flexibility
o Tax relief/efficiency (LTA and TP)
o Death benefits/dependency
o Charges/costs
o Simplicity/need for advice
o Performance/opportunities for growth
o Risk/Capacity for loss alignment
o Guarantees
o Inflation proofing
o Protection/compensation (inc. Solvency and Divorce)
o Involvement/control in decisions
How do you remember that? Well, it might be an idea to create an acronym.
It’s a little awkward to do but at Redmill we like ‘PIP’S FACT GRID’
Why Pip you may ask – well, we have Great Expectations of you passing!
Need extra study support?
Check out our AF7 study support here: https://redmilladvance.com/course/af7-course/
