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Role of government

Role of government
66問 • 2年前
  • James Paterson
  • 通報

    問題一覧

  • 1

    what is the increase to post 97 benefits in payment with PPF

    CPI 2.5% capped

  • 2

    When did FAS close to notification and qualification of new schemes?

    September 2016

  • 3

    what benefits are increased with PPF?

    97-05 pension, post 05 Pension

  • 4

    What does TPO stand for?

    The Pensions Ombudsman

  • 5

    what compensation do members who are under 65 and have not retired under I'll health receive when they enter the PPF

    90%

  • 6

    what compensation is given to pensioners entering the PPF over NRA or retired on I'll health or is a dependent

    100%

  • 7

    What remedies can be awarded by TPO?

    Ordering Trustees to revisit decisions, Pay the correct level of benefits if not correct, Order trustees to make cash payments for distress and inconvenience

  • 8

    Is TPO a free service

    Yes

  • 9

    What conditions need to be met for entry to the PPF?

    The scheme must have commenced wind up after 6 April 2005, The schemes Employer has become insolvent, The scheme cannot be rescued, The scheme has insufficient assets to secure benefits on wind up that are at least equal to the compensation that PPF would pay

  • 10

    A complaint normally must be mad in writing within how many years of the dispute or complaint arising?

    3

  • 11

    what type of penalty notices can TPR issue?

    Fixed Penalty Notice, Escalating Penalty Notice, "Prohibited Recruitment Conduct" penalty notice

  • 12

    what is the highest fine that the TPR can impose?

    £1 million

  • 13

    What does MaPS stand for?

    Money and Pension Service

  • 14

    What powers does TPR have?

    Issue a contribution notice, Issue a financial support Direction, Making a restoration order, Finining trustees employees, Remove trustees from the scheme

  • 15

    What service does MaPS offer

    MoneyHelper, Pensionwise

  • 16

    What is the aim of TPR?

    Making sure employers are putting eligible staff into a pension scheme and pay money into it, Protecting Peoples savings in workplace pensions, Improving the way that workplace pension schemes are runreduce risk o schemes ending up in the PPF, Make sure employers balance the needs of their DB scheme with growing their business

  • 17

    what doe TPR stand for?

    The Pensions Regulator

  • 18

    what does PRA stand for?

    Prudential Regulation Authority

  • 19

    What is the FCA operational objectives?

    Protect consumers, Protect financial markets, Promote effective competition in the interest of consumers

  • 20

    what does FCA stand for

    Financial Conduct Authority

  • 21

    The financial ombudsman deals with disputes regarding

    Pensions, Mortgages, Insurance, Loans, Bank account, Financial advice

  • 22

    What does GAD stand for

    Government Actuary's Department

  • 23

    GAD provides analysis and commentary on complex financial problems faced by the UK public sector in...

    Insurance & investment, data modelling and Quality assurance, Pensions and social security

  • 24

    What does ICO stand for?

    Information Commissioner's Office

  • 25

    What it the purpose of the ICO?

    To uphold information rights

  • 26

    When was GDPR implemented?

    25th May 2018

  • 27

    What does GDPR stand for

    General Data Protection Regulation

  • 28

    When was the first old age pension introduced by the government(as we understand it now)?

    1908

  • 29

    When did state pension age for females equalise with Males?

    2018

  • 30

    How Many years do you need to contribute NI as a minimum to receive state pension

    10

  • 31

    How many years do you need to contribute to receive full state pension?

    35

  • 32

    What will the state pension increase by

    The maximum of the rest of the answers

  • 33

    What year did the Government not honour the state pension triple lock

    2022/2023

  • 34

    How much will the state pension increase if deferred.

    1% every 9 weeks

  • 35

    Example of state benefits

    Child Benefit, Housing Benefit, Income Support, Personal Independence Payment

  • 36

    Payments made from registered pension schemes can only be paid on

    Retirement, Death, having reached a particular age, Onset of serious ill health or incapacity

  • 37

    Which organisation regulates tax reliefs on pension schemes?

    HM Revenue & Customs

  • 38

    What is the maximum allowance on tax relievable employee contributions to a personal pension under the current regime?

    100% of taxable earnings, subject to the Annual Allowance

  • 39

    What is the maximum allowance on pension benefits accrued (without a tax charge) under the current regime

    Value of Life Time Allowance

  • 40

    what is the current Annual Allowance in 2023/2024

    £60000

  • 41

    From which year did the New State Pension replace the Basic State Pension/ S2P?

    2016

  • 42

    How many Qualifying years are needed to be entitled to the full state pension?

    35

  • 43

    Which of these State benefits depend on National Insurance contribution conditions?

    Bereavement Payments, Jobseeker's Allowance, Statutory Maternity Pay, Statutory Sick Pay

  • 44

    Which one of the following best describes a contributory benefit?

    Entitlement is linked to National Insurance contributions

  • 45

    What are the 3 key powers that the pension regulator has?

    Gathering Information, Regulatory and Enforcement Action, Acting against avoidance

  • 46

    The Pension Regulator

    Promotes the good administration of work based pension schemes.

  • 47

    TPR was set up by which Act of Parliament

    The Pensions Act 2004

  • 48

    Which of the following organisations regulate the provision of financial services in the UK

    FCA

  • 49

    Which of the following items is classed as an investment?

    All other options

  • 50

    People managing investments and arranging transactions in investments have to be authorised by Law. True or False

    True

  • 51

    IFAs must let their clients know they are independent before they provide any advice. True or False

    True

  • 52

    Sales persons have to be either IFAs or company representatives. True or False

    True

  • 53

    Which of the following are powers of the TPR?

    Investigating schemes, Putting things right, Acting Against avoidance

  • 54

    Which of the following are objectives of the TPR?

    To protect the benefits of members of work based pension schemes, To reduce the risk of situations that may lead to claims for compensation from the PPF

  • 55

    Which of the following has a duty to whistleblow to TPR

    Trustees, Employers, Pension Lawyers, Scheme administrators, Actuaries, Pension Scheme accountants

  • 56

    Which of the following are covered by TPR codes of Practice

    The Requirement to report certain breaches of Law, The requirement to report late payment, The Requirement for trustees to have relevant knowledge and understanding

  • 57

    Tax charge if excess over LTA is taken as a lump sum

    55%

  • 58

    The Tax charge for taking excess benefits over LTA as a pension is

    25%

  • 59

    When can the AA Charge be paid from the members pension fund

    Charge is over £2000

  • 60

    What circumstances must HMRC de register a scheme?

    The scheme administrator is not fit and proper person to fulfil that role, Scheme Chargeable payments made by the scheme in a 12 month period exceed a permitted threshold, The scheme Administrator fails to pay a substantial amount of tax due The scheme is an unauthorised master trust

  • 61

    Statutory minimum contributions for an employer is

    3%

  • 62

    Overall pension contributions must be at least

    8%

  • 63

    what is the minimum annual rate of a DB scheme

    1/120 of average Qualifying earnings in the 3 years preceding the end of pensionable service

  • 64

    Hybrid DB/DC schemes need to satisfy

    Either the DB criteria or the DC criteria

  • 65

    Employee criteria for auto enrollment

    must Qualify as a jobholder, Be between Age 22 and SPA, Must Earn at least £10000

  • 66

    Which of these State benefits depend on National Insurance contribution conditions?

    Bereavement Payments, Jobseeker's Allowance, Statutory Maternity Pay, Statutory Sick Pay

  • Pensions Industry

    Pensions Industry

    James Paterson · 100問 · 2年前

    Pensions Industry

    Pensions Industry

    100問 • 2年前
    James Paterson

    Workplace pension Schemes

    Workplace pension Schemes

    James Paterson · 42問 · 2年前

    Workplace pension Schemes

    Workplace pension Schemes

    42問 • 2年前
    James Paterson

    Trusteeship/ communications and adminstration

    Trusteeship/ communications and adminstration

    James Paterson · 16問 · 2年前

    Trusteeship/ communications and adminstration

    Trusteeship/ communications and adminstration

    16問 • 2年前
    James Paterson

    Individual Pension Provision

    Individual Pension Provision

    James Paterson · 23問 · 2年前

    Individual Pension Provision

    Individual Pension Provision

    23問 • 2年前
    James Paterson

    Investments

    Investments

    James Paterson · 20問 · 1年前

    Investments

    Investments

    20問 • 1年前
    James Paterson

    問題一覧

  • 1

    what is the increase to post 97 benefits in payment with PPF

    CPI 2.5% capped

  • 2

    When did FAS close to notification and qualification of new schemes?

    September 2016

  • 3

    what benefits are increased with PPF?

    97-05 pension, post 05 Pension

  • 4

    What does TPO stand for?

    The Pensions Ombudsman

  • 5

    what compensation do members who are under 65 and have not retired under I'll health receive when they enter the PPF

    90%

  • 6

    what compensation is given to pensioners entering the PPF over NRA or retired on I'll health or is a dependent

    100%

  • 7

    What remedies can be awarded by TPO?

    Ordering Trustees to revisit decisions, Pay the correct level of benefits if not correct, Order trustees to make cash payments for distress and inconvenience

  • 8

    Is TPO a free service

    Yes

  • 9

    What conditions need to be met for entry to the PPF?

    The scheme must have commenced wind up after 6 April 2005, The schemes Employer has become insolvent, The scheme cannot be rescued, The scheme has insufficient assets to secure benefits on wind up that are at least equal to the compensation that PPF would pay

  • 10

    A complaint normally must be mad in writing within how many years of the dispute or complaint arising?

    3

  • 11

    what type of penalty notices can TPR issue?

    Fixed Penalty Notice, Escalating Penalty Notice, "Prohibited Recruitment Conduct" penalty notice

  • 12

    what is the highest fine that the TPR can impose?

    £1 million

  • 13

    What does MaPS stand for?

    Money and Pension Service

  • 14

    What powers does TPR have?

    Issue a contribution notice, Issue a financial support Direction, Making a restoration order, Finining trustees employees, Remove trustees from the scheme

  • 15

    What service does MaPS offer

    MoneyHelper, Pensionwise

  • 16

    What is the aim of TPR?

    Making sure employers are putting eligible staff into a pension scheme and pay money into it, Protecting Peoples savings in workplace pensions, Improving the way that workplace pension schemes are runreduce risk o schemes ending up in the PPF, Make sure employers balance the needs of their DB scheme with growing their business

  • 17

    what doe TPR stand for?

    The Pensions Regulator

  • 18

    what does PRA stand for?

    Prudential Regulation Authority

  • 19

    What is the FCA operational objectives?

    Protect consumers, Protect financial markets, Promote effective competition in the interest of consumers

  • 20

    what does FCA stand for

    Financial Conduct Authority

  • 21

    The financial ombudsman deals with disputes regarding

    Pensions, Mortgages, Insurance, Loans, Bank account, Financial advice

  • 22

    What does GAD stand for

    Government Actuary's Department

  • 23

    GAD provides analysis and commentary on complex financial problems faced by the UK public sector in...

    Insurance & investment, data modelling and Quality assurance, Pensions and social security

  • 24

    What does ICO stand for?

    Information Commissioner's Office

  • 25

    What it the purpose of the ICO?

    To uphold information rights

  • 26

    When was GDPR implemented?

    25th May 2018

  • 27

    What does GDPR stand for

    General Data Protection Regulation

  • 28

    When was the first old age pension introduced by the government(as we understand it now)?

    1908

  • 29

    When did state pension age for females equalise with Males?

    2018

  • 30

    How Many years do you need to contribute NI as a minimum to receive state pension

    10

  • 31

    How many years do you need to contribute to receive full state pension?

    35

  • 32

    What will the state pension increase by

    The maximum of the rest of the answers

  • 33

    What year did the Government not honour the state pension triple lock

    2022/2023

  • 34

    How much will the state pension increase if deferred.

    1% every 9 weeks

  • 35

    Example of state benefits

    Child Benefit, Housing Benefit, Income Support, Personal Independence Payment

  • 36

    Payments made from registered pension schemes can only be paid on

    Retirement, Death, having reached a particular age, Onset of serious ill health or incapacity

  • 37

    Which organisation regulates tax reliefs on pension schemes?

    HM Revenue & Customs

  • 38

    What is the maximum allowance on tax relievable employee contributions to a personal pension under the current regime?

    100% of taxable earnings, subject to the Annual Allowance

  • 39

    What is the maximum allowance on pension benefits accrued (without a tax charge) under the current regime

    Value of Life Time Allowance

  • 40

    what is the current Annual Allowance in 2023/2024

    £60000

  • 41

    From which year did the New State Pension replace the Basic State Pension/ S2P?

    2016

  • 42

    How many Qualifying years are needed to be entitled to the full state pension?

    35

  • 43

    Which of these State benefits depend on National Insurance contribution conditions?

    Bereavement Payments, Jobseeker's Allowance, Statutory Maternity Pay, Statutory Sick Pay

  • 44

    Which one of the following best describes a contributory benefit?

    Entitlement is linked to National Insurance contributions

  • 45

    What are the 3 key powers that the pension regulator has?

    Gathering Information, Regulatory and Enforcement Action, Acting against avoidance

  • 46

    The Pension Regulator

    Promotes the good administration of work based pension schemes.

  • 47

    TPR was set up by which Act of Parliament

    The Pensions Act 2004

  • 48

    Which of the following organisations regulate the provision of financial services in the UK

    FCA

  • 49

    Which of the following items is classed as an investment?

    All other options

  • 50

    People managing investments and arranging transactions in investments have to be authorised by Law. True or False

    True

  • 51

    IFAs must let their clients know they are independent before they provide any advice. True or False

    True

  • 52

    Sales persons have to be either IFAs or company representatives. True or False

    True

  • 53

    Which of the following are powers of the TPR?

    Investigating schemes, Putting things right, Acting Against avoidance

  • 54

    Which of the following are objectives of the TPR?

    To protect the benefits of members of work based pension schemes, To reduce the risk of situations that may lead to claims for compensation from the PPF

  • 55

    Which of the following has a duty to whistleblow to TPR

    Trustees, Employers, Pension Lawyers, Scheme administrators, Actuaries, Pension Scheme accountants

  • 56

    Which of the following are covered by TPR codes of Practice

    The Requirement to report certain breaches of Law, The requirement to report late payment, The Requirement for trustees to have relevant knowledge and understanding

  • 57

    Tax charge if excess over LTA is taken as a lump sum

    55%

  • 58

    The Tax charge for taking excess benefits over LTA as a pension is

    25%

  • 59

    When can the AA Charge be paid from the members pension fund

    Charge is over £2000

  • 60

    What circumstances must HMRC de register a scheme?

    The scheme administrator is not fit and proper person to fulfil that role, Scheme Chargeable payments made by the scheme in a 12 month period exceed a permitted threshold, The scheme Administrator fails to pay a substantial amount of tax due The scheme is an unauthorised master trust

  • 61

    Statutory minimum contributions for an employer is

    3%

  • 62

    Overall pension contributions must be at least

    8%

  • 63

    what is the minimum annual rate of a DB scheme

    1/120 of average Qualifying earnings in the 3 years preceding the end of pensionable service

  • 64

    Hybrid DB/DC schemes need to satisfy

    Either the DB criteria or the DC criteria

  • 65

    Employee criteria for auto enrollment

    must Qualify as a jobholder, Be between Age 22 and SPA, Must Earn at least £10000

  • 66

    Which of these State benefits depend on National Insurance contribution conditions?

    Bereavement Payments, Jobseeker's Allowance, Statutory Maternity Pay, Statutory Sick Pay