Are you sitting the LIBF PETR exam in June?

Then you should be keeping up to date with the fact that the Financial Conduct Authority’s decision to delay publishing new rules on contingent charging means changes to rules surrounding pension transfer advice could be delayed by up to six months.

What is contingent charging?

Contingent charging is when firms charge more for advice to transfer than advice not to transfer, creating a bias to recommend a transfer.

Why is this relevant?

This appears as part of your clients’s concerns within the case study and you need to know how the planned rule changes may affect their retirement planning decisions.

How can I keep informed?

First and foremost take a look at the FCA’s website Click here for the FCA’s website for the most up to date and relevant information.  You can then expand your understanding to research what the impact this delay will have for you and your clients.

Keeping up to date with current industry developments should always feature as part of your studies and ongoing professional development.  We also provide a full case study analysis focusing on understanding your client’s objectives and giving a detailed analysis of their transfer options and the implications involved.  This is our interpretation of what we believe the exam paper could test you on – it is not guaranteed and you need to be flexible in your approach.  Our analysis is designed and prepared in the style of the exam model answer. This is to help you deliver what is expected by the examiners to achieve the highest possible marks.

Click here for our LIBF PETR study support

I’ve just learned that I’ve passed the PETR paper with LIBF and wish to thank you for the brilliant case study analysis that you provided us with, which undoubtedly contributed to passing that exam.” Qais Hamza