The efficient frontier curve shows the optimum balance between:
A. Risk and return
B. Return and taxation
C. Taxation and risk
D. Inflation and return
The Financial Services and Markets Act 2000 regulates the provision of which type(s) of financial advice?
A. Advice to vulnerable individuals only
B. Advice to all individuals
C. Advice to all individuals and group personal pensions schemes only
D. Advice to all individuals unless they are elective professional clients
A client has previously written to her former adviser opting out of any marketing activities from the firm or any third parties. However she continues to receive direct investment offers from the firm. She should complain based on the firm not complying with which set of regulations?
A. Conduct of Business rules.
B. Data Protection Act 1998.
C. Distance Selling Regulations.
D. Treating Customers Fairly.
When determining the interaction between the UK and EU on the regulation of the financial services industry, the UK government must always
A. seek approval from the European Commission before implementing any new regulations.
B. implement new EU Directives by passing acts of Parliament.
C. accommodate all EU Decisions in UK legislation.
D. provide copies of new regulation to the European Commission within a reasonable period of time for their approval.
Most financial planners fall into one of two categories based on how they are paid. Commission based planners earn commissions on the financial products they sell, whereas ______________ charge fees based on the complexity of the plan they prepare.
A. Free only planners
B. Commission based planners
C. Professional planners
D. Security planners
Accumulating assets to enjoy in retirement is only part of the:
A. Long-term financial planning process
B. Short-term financial planning process
C. Life time financial planning process
D. Permanent financial planning process
This is a type of employee benefit plan wherein the employer allocates a certain amount of money and then the employee spends that money for benefits selected from a menu covering everything from child care to health and life insurance to retirement benefits.
A. Flexible benefit plan
B. Cafeteria plan
C. Short-term financial plan
D. Both of the above are one and the same
These are target dates in the future when certain financial objectives are expected to be completed. What are these?
A. Goal dates
B. Target dates
C. Due dates
D. Financial dates
Today's well-defined employee benefits package cover a full spectrum of benefits that may include all EXCEPT:
A. Long -term care insurance
B. Dental and vision care
C. Subsidized employee benefit plan
D. Partial retirement plans
Tax deferred retirement plans and flexible spending accounts offer tax advantages. Some retirement plans allow you to__________ against them.
A. Lend
B. Borrow
C. Spend
D. None of the above
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