Posted by The Team at Brand Financial Training on November 10, 2020 in Newsletter
10 November 2020
As England enters another lockdown, the CII have confirmed exam centres will remain open.
For those of us who live in Wales, we have just come out of lockdown, and the central belt of Scotland remains under tight restrictions, as does Northern Ireland.
As with many other organisations in the UK, unfortunately the CII do not seem to be differentiating between England and the rest of the UK, so if you are planning to sit exams outwith England, we strongly advise you contact the CII to confirm the situation in your area.
A trustee has a duty of utmost good faith with their main duty being to hold onto trust property and look after it for the ultimate benefit of the beneficiaries, as set out in the trust deed. But what if a trustee doesn’t adhere to the trust deed? What happens then? Read on to learn more about breaches of trust.
‘Breach of Trust’ Examples
If a trustee were to do something outside of their powers, this is called a ‘breach of trust’; examples of which include:
appointing capital to someone that is neither a named beneficiary nor a potential beneficiary within the class of discretionary beneficiaries
investing the trust fund in a manner that is not allowed
personally profiting from the trust property
Legal action can be taken against the Trustees
In these circumstances, a beneficiary can take legal action against the trustees. If a court agrees, then they can:
issue an injunction preventing the trustee from taking that course of action
order the trustee to make restitution by making a payment to the beneficiary or
order the return of any trust property that was wrongly transferred
With all good intentions, students will make a heroic effort to revise for their exams, but no matter how hard they work to get information into their heads, they find that over the subsequent few days and weeks most of it’s gone! This article gives readers 10 tips for counteracting our natural tendency to forget.
Despite our best efforts, we forget what we’re trying to learn, because human beings are hardwired to forget. If you’re normal – and you probably are – and unless you already have a great learning strategy, then the chances are, no matter how hard you work, you’ll be forgetting stuff as you go!
But what if you do have a robust learning strategy? Can you counteract your natural tendency to forget?
Yes, you can! If a strategy works, then it works!
If yours doesn’t, however, you may want to read on!
Here is a list of things to do, to fit in with how your brain already learns best.
1. Work in short bursts of time.
We are predisposed to concentrate for only short periods of time. So make sure you take frequent breaks and do something completely different, so that when you come back five minutes later, your brain is ready for more.
2. Divide what you have to learn into small chunks of information.
Your brain will naturally absorb what you are learning if you focus on it a little at a time. You can learn an infinite amount of information providing you break it up into small enough pieces.
3. Use plain paper.
The problem with lined paper is that you will be tempted to write in whole sentences. And the problem with that is that it’s very difficult for your brain to remember any of it. Remember, less is more. When you write your notes you need to aim to only write 10% or so of the original material. Now, finding the right 10%… that’s the art!
…“The R01 videos, study notes, workbook and practice papers were so helpful and made revision a lot more approachable. It really helped me to pass when I failed before! I look forward to using your other materials for the other exams!…
Sarah, DC Pensions Associate Consultant, London
Covering the exam learning outcomes, our modular e-learning packages provide you with 24/7 online access, for 3 months, to videos, a workbook including handouts and self-test questions for each module, and PDFs of the slides used in the videos.
E-Learning is a great alternative to face-to-face training:
No travel required
You can watch the videos as many times as you need – it is not “once only” where vital information can be missed
You receive further support via the workbook with handouts and self-test questions
As the R01 and R02 exams are broken down into modules, you don’t experience overwhelm (and exhaustion!)
Why not try before you buy? Download one of our free tasters:
There’s such a variety of information on offer to help you as you tackle your CII exams, that you won’t want to miss a single post. We’ve made it easy for you; just click the button below and enter your email details. Be ‘in the know’ with CII-exam-related tips and info – straight to your inbox!
Quote of the Month
..." When you have a great and difficult task, something perhaps almost impossible, if you only work a little at a time, every day a little, suddenly the work will finish itself. "...
Isak Dinesen
Friday 5 Focus on...
"5 Questions in 5 Minutes Every Friday"
Each week, we ask questions relating to one of these topics: Investments, Taxation, Pensions, Protection, or Regulation. The challenge is for you to answer them in 5 minutes.
Where do I find the Friday Five?
We post each week’s Friday Five to our blog first thing every Friday. You can either visit our blog every Friday at https://brandft.co.uk/blog/ or you can simply go there now, and click on the subscribe button in the top right-hand corner of the blog and sign up to receive notifications of our Friday Five posts.
Note that we don’t email the Friday Five out to everybody every Friday, so we recommend you sign up to our blog at https://brandft.co.uk/blog/ so that you receive an email notification when it is posted. It will only take you a minute to sign up.
A bit of Friday Fun, but with the added benefit of testing your exam knowledge!
Here’s a reminder that the CII update their study texts throughout the examinable year to either incorporate new legislations, correct errors or clarify information. Many candidates aren’t aware of this, which can result in candidates studying out-of-date information.
To find out if you have the most up-to-date information, visit the CII website, navigate to your chosen exam and click on ‘learning solutions update’ in the ‘Unit updates’ section in the sidebar.
Note that we keep our resources up-to-date with any updates from the CII.
