The FM Report 2019 Showcase CPD Assessment January 23, 2020 By admin Welcome to your The FM Report 2019 Showcase CPD Assessment. Successfully completing this assessment will earn you 2 CPD point. There are 20 questions and the pass rate is 80%. Best of Luck! On successful completion your CPD certificate will be emailed you. Kind Regards, The Team at The FM Report Email First Name Surname Business Name 1. The author believes 2020 and beyond will bring a new normal, with climate disruption triggering a large-scale restructuring of societies, economies and business models. True False 2. What climate records were set in 2019 Record tempatures Record climate protests Record carbon prices All of the above 3. Under the 2015 Paris agreement almost 200 countries committed to limit the rise in global mean surface temperature to less than ..... 1 degree Celsius 2 degree Celsisus 3 degree Celsius 4 degree Celsius 4. Which of the below measures are proposed under the European Green New Deal to protect European companies that are striving to be environmentally friendly Increased subsidies Tax deductions Tarriffs on non-EU polluting firms Other 5. According to the author on market timing, what explain why investors sold their investments in 2009? (2 correct answers) Threat of another great depression Climate was warming Banks were in trouble Inflation was increasing 6. According to the author of market timing, trying to time the markets is.. Easy Almost impossible Achievable by only professionals None of the above 7. According to the market timing author, when markets decline seasoned investors don't get .... Over-confident Greedy Nervous Other 8. According to the author on share investing, too many retire with too..... Too little, too early Too little, too late Too much, too early None of the above 9. Fidelity has shown that over the last 35 years, the US stock market has experienced an average drop of? 12% 14% 18% 20% 10. What is diversification when it comes to investing? Selecting the highest performing shares Spreading your assets across a range of companies Re-balancing your portfolio Investing for the long term 11. What does the author think the yield curve is telling us? Nothing Warning sign for the real economy Sign of an up turn in the economy None of the above 12. According to the author of the yield curve histeria article, the economic data shows evidence that the United States and the global economy is approaching a recession. True False 13. According to the author, the Government bond markets are still distorted because of ? Low interests Inflated share prices low growth Central Banks 14. What does the author believe the treasury yield is a good predictor of? Inflation Fed dovishness Economic Growth None of the above 15. According to the author which country/region has been a laggard when it come to technology innovation China America Russia Europe 16. According to the author, what strategy has helped China create its own home grown technology champions Encouraging foreign Web platforms Excluding foreign Web platforms Creating alliances with foreign Web platforms None of the above 17. Which company is the most successful internet champion in China? Tencent Holdings Alibaba Xiaomi Vision Plus 18. Value stocks have performed poorly versus growth stocks True False 19. Defined Benefit advice is very individual in nature and what works for one client may not work for another. True False 20. According to the author of Defined benefit pension advice, the role of the adviser is to: recommend a course of action show the client his options collection all the information do not advise in this area 21. What is a Final Salary Defined Benefit (DB) Schemes? An occupational pension that provide a set level of pension at retirement dependiing on your contributions and growth A personal pension that provides a set level of pension at retirement, depending on your service and earnings An occupational pension that provides a set level of pension at retirement, depending on your service and earnings A personal pension that pays a final salary benefit depending on your service and earnings 22. What are the financial risks to a Defined Benefit scheme? (at least 2 correct answers) Bankruptcy of the Employer Poor investment returns of the scheme Low contribtions from members Reduce contributions by members 23. What does IORP stand for? International Occupation Retirement Plan Institutions for Occupational Retirement Provision Institutional Organisation for Retirement Planning None of the above 24. According to the author, why is IORP II being implemented? BREXIT Harmonisation of Pension Rules Reducing cost Improve investment returns 25. The Irish pension landscape is quite unique from a European perspective as we have significantly more single-member pension schemes than larger multi-member pension schemes. True False 26. According to the author, what are the benefits of the IORPS II Directive being implemented to single member pension schemes? None lower costs Greater investment choice Streamlined reporting 27. Why does the author think Buy Out Bonds are "waiting rooms for pensions"? Need to be rolled over to another pension Sit there until you can draw benefits Do not provide the same tax benefits as other pensions None of the above 28. What pensions can you transfer a Buy Out Bond to? (two correct answers) PRSA Personal Pension Employer Scheme Another Buy Out Bond 29. When the PRSA was introduced, what pension was it meant to make obsolete? (2 correct answers) Personal Pension Buy Out Bond SMSF Defined benefit schemes 30. When was the PRSA first introduced? 1995 1999 2002 2006 31. Once a PAO has been awarded, it is the recipient of the order who controls what happens next. They can .... take the benefit in cash even if they have not reached preservation age leave the benefit where it is transfer the benefit to another scheme transfer the benefit to someone else 32. According to the author when is the last time family law has changed? 1990 2005 1980 None of the above 33. According to the author what inequity was the Finance Act 2014 meant to address? 100% of the chargeable excess being paid by spouse that has taken their benefit to another scheme 50% of thce chargeable excess being paid by the member spouse 100% of the chargeable excess being paid by the member spouse 50% of the chargeable excess being paid by the spouse that has taken their benefit to another scheme 34. What will the role of the CPA be under the proposed auto-enrolment scheme? (2 correct answers) Collect contributions from employees and employers Oversea the scheme Select investment options Provide pension advice to members 35. According to the author:"providers and industry and professional bodies, such as the Irish Association of Pension Funds and the Society of Actuaries in Ireland, are united in arguing that the CPA set-up costs should be met entirely by taxpayers rather than by product providers." True False 36. According to the author, what legal risks are the CPA exposed to? Being sued by a provider that is rejected on renewal Being sued by a member due to administration errors Being sued by a provider that is not allowed to change their fees None of the above 37. What are the author's concerns in relation to the proposed auto-enrolment scheme? (two correct answers) Will be very expense to run Two much investment choice Overly conservative default funds No many provider involved 38. Once a PAO has been awarded, it is the recipient of the order who controls what happens next. They can .... take the benefit in cash even if they have not reached preservation age leave the benefit where it is transfer the benefit to another scheme transfer the benefit to someone else 39. Warren Buffett is often quoted as saying “No-one wants to get rich slowly” True False 40. According to the author on share investing, by focussing only on the income and not the prices of our shares I have avoided much of the... angst associated with the GFC Tax implications of share ownership The pitfalls of growth investors Buy shares at inflated values 41. Why has the author watched his parents, in-laws and many of their peers being reduced to living totally on the old age pension? Made poor share investments Were overweight alternatives Sold at the work time Relied on bank deposits 42. What did the author do with the share dividends he received during the 80’s and 90’s? Suppliment his income Creating a cash reserve Reinvest in shares Buying property 43. Identify two share tips the author gives to investors ? Time in the market Invest in quality companies Don't forget the cost of non-investing Use low cost investments 44. Investing in uncertain times requires us to recognise that our long-term financial needs are not going away True False 45. According to the author "Thanks to Schedule 23B, any of your clients who have a negotiated a share of their Ex’s pension as part of the deal are indelibly linked to their former spouse until that former spouse retires" True False The End Time is Up!