May PKT

You have received a Pre Quote case on completion. What should be the next step?

• Complete the job as a new Retirement Normal Quote will be created later

• Select ‘Complete Stage and Proceed to Next’ and pend the job 7 months prior to NRD

• Pend the job on the same stage 7 months prior to NRD

• Override the deadline to 7 months prior to NRD

Calculate the no. of weeks late for which a late payment increment should be applied if the member is retiring after the GMP Due date. 
GMP due date – 23/05/2020
DOR – 08/07/2020

• 6 Weeks

• 0 Weeks

• 7 Weeks

• 4 Weeks

We have received a Letter of Authority to deal with an adviser. The letter has been signed by the member and identifies that member using their name and address.  JLT policy states that we also need the member’s National Insurance Number (NINO).  A NINO was provided but it is incorrect by one digit, can we act on this Letter of Authority? Can we accept the LOA?

• Yes, We can accept as only one digit is mis-matched and we can assume it might be a typing error by IFA

• Raised a referral with Tech team/UK

• No, the information provided on the Letter of Authority must match our records

• Provide the information to IFA with non-standard lines to request a new LOA

What is the Full Form of OTA

• Overseas transfer Allowance

• Overseas transfer Allotment

• Overseas Transaction Allowance

• Overseas Transaction Allotment

How many months are required for raising an extension request for transfer Out if the disclosure date is nearer?

• 1 Month

• 2 Month

• 3 month

• 4 Month

Calculate the SSRLS for the value of £67,350.00

• 39675

• 53880

• 50000

• 34000

What is the Full form of SAMP

• Scheme Administrative member Payment

• Scheme Administative Money Purchase

• Scheme Admin Money Payment

• Scheme Admin Member Purchase

Calculate the Net Refund for a DC SCheme £30000 with a SAMP of Profit - 5000

• 26000

• 21000

• 19000

• 24000

Mr Smith is a member of Contracted In Scheme. Had joined Scheme on 1/10/1991 and left on 5/9/2000. He is now attaining Age 65 and has decided to retire from the Scheme. Will he get Guaranteed Minimum Pension as an element in his pension?

• YES

• NO

If a member requests a transfer value they must be provided with an estimate within how many months of the request?

• 10 Days

• 1 Month

• 3 Months

• 6 Months