Friday Five – 4 January – 5 Questions in 5 Minutes
Last updated on September 25th, 2019 at 4:18 am
Welcome to this week’s Friday Five – 5 Questions in 5 Minutes Every Friday
What’s this all about?
It’s a bit of Friday Fun where we provide you with 5 questions relevant to a mix of CII exams. The challenge is for you to answer them in 5 minutes. Answers at the bottom of the page.
These questions relate to examinable tax year 2018/19, examinable until 31 August 2019.
- How many qualifying years are needed to receive the full new State pension?
- Tom is a trustee of the Davies family Interest in Possession trust. What rate of income tax will he be liable for, as trustee, on savings income?
- Your client has chosen fixed interest securities as a major component of their pension fund investment portfolio. Likely reasons for this could be that: Tick all that apply.
- All fixed interest securities provide a guarantee of capital at maturity and during their term.
- Annuity rates are generally backed by gilts.
- They offer a fixed rate of interest, (known as the coupon).
- All fixed interest securities have a redemption date.
- Which of the following conditions is usually excluded from critical illness cover?
- Heart valve replacement
- Major organ transplant
- Temporary loss of speech
- Terminal illness
- You are speaking with a young couple, Jess and Bob. They have indicated that their main priority is a return objective of ‘capital appreciation’. Which of the following characteristics is typical of this strategy?
- The clients are risk averse and unwilling to invest in the stock market.
- The clients are only thinking about short-term objectives.
- Growth is usually achieved from capital gains.
- The clients are only concerned with income in retirement.
- A – See R01 Study Text, Chp 2
Grab our taster mock exam paper for CII R01. Click here to download.
- A – See R03 Study Text, Chp 1
Grab our taster mock exam paper for CII R03. Click here to download.
- BC – See R04 Study Text, Chp 8
Grab our taster mock exam paper for CII R04. Click here to download.
- C – See R05 Study Text, Chp 7
Grab our taster mock exam paper for CII R05. Click here to download.
- C – See J10 Study Text, Chp 1
Grab our taster mock exam paper for CII J10. Click here to download.
How did you find this week’s questions? Did you complete them in 5 minutes? Did you get them all correct? Do you disagree with any?
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