SMM didn't exist when I was 40.
When I'm 60 it will connect us all.
It’s not a choice; you can have both cake and biscuits. It’s ‘double-bubble’; one learn for double credit.
The J05 exam is a subset of the AF3 exam and the pension income options question will be in the AF3 exam; guaranteed (honest,spend some time on it; it’s one of your top 5 subjects). It’s an area that many of you will be very familiar with in discussions with your clients, but in CII exam land you need to know the detail to pick up the marks.
I’ve put together four short video tutorials which will make it easier for you to grasp the key learns.
By special request I was asked by students for a ‘JR video’ to help them understand how the pension income options story joins up. So, by popular demand pop-pickers, I’ve put together a series of little video explanations on the key topics on pension income options - known as CII J05 exam OR lesson 5 in our AF3 exam series. I’ve attached two (from four) below to wet your appetite (the rest have been added into the AF3 structured study plan for students in lesson 5)
When starting this lesson (or studying CII J05 exam) it is key that you understand the Benefit crystallisation events (BCEs). Firstly, how to recognise them and second, (and most importantly) how to measure them against the appropriate member LTA (which could be the SLA, FP12, PP or EP LTAs). You must know them.
We gave you a little bit of help with that last October (see the blog for more details)
I’ve taught the J05 exam for years. each workshop starts exactly the same (and it again this March/April), it starts with me saying that the J05 exam can be summarised on one page.
That page is the BCEs. If you can’t recognise, describe or value a BCE against and appropriate LTA – don’t waste your time and/or money sitting the J05 exam. The subject then is easily split into 8 key headings (the main BECs, funny enough). And although people think J05 is about drawdown, J05 covers ALL the BCE’s. T
he thing is – BCE 1 (1ncome drawdown is a tricky subject with lots of dates, reviews, reference periods and limits which have seen changes regularly over the last few years (great for AF3 examiners) – and it can be a little tricky to get all that sorted in your head for long enough to move to BCE 2, and then 3 and then 4….
This series of short, but punchy videos will help you join up all the dots and enjoy both the cake and biscuits. Why wouldn’t you double-bubble on CII J05 and AF3 - they both help each other, and you get double-credit for one learn.
Some interesting changes afoot at the iFS - like Adam, I think it opens up the scope for IFAs to tackle this process with confidence.
PBD were in today to make sure we don't make these mistakes.
"Websites are a critical meeting point between small business and customers. Maintaining an optimized site is crucial to acquiring new customers, building credibility and nurturing client relationships. Yet, today, almost 1/3 of small-business owners maintain their websites themselves, neglecting key site functions that consumers want, like mobile optimization, social network integration and user-friendly design. Here, we look at the costly mistakes small-business owners make when they try to maintain their own websites." via : mycase.com
Pin it: http://www.pinterest.com/pin/381539399653465715/
For complete infographic: http://www.mycase.com/blog/2014/02/website-mistakes-coat-law-firm-money-infographic/
As a tutor to adults learning professional exams, much can be learnt from this which is just as applicable.
"If you are a teacher, or spend any time talking with one, you probably know that the in-class use of social media is a scourge of daily class activity. It’s frustrating for lecturers - or even one-on-one tutors - to have to stanch a brazen tweet or like in mid-sentence. However, constructive uses of social media in education is becoming an integral (and one might venture inevitable) part of the learning experience. Here’s a look at how so, at every stage of the game".
Read rest of the article by Vera M. Reed here: http://www.digitalinformationworld.com/2014/02/is-there-place-for-social-media-in-education-infographic.html
Pin it for later: http://www.pinterest.com/pin/381539399653446516/
image credit: http://www.bestmastersineducation.com/social-media/
- expertpensionsTeacher, trainer, presenter and writer on complex pensions and investments, 2011 - present20 years teaching, consulting, mentoring and writing on pensions and investments. Presenting in-depth technical subjects in a format that is easy to understand designed to give financial advisor exam candidates the required technical knowledge, study strategy and exam technique to confidently sit and pass AF3, AF4 and AF5 financial advisor exams; achieving the gold standard Chartered Financial Planner status.
John Reynolds at expertpensions has spent 20 years successfully teaching pensions and investments to Chartered Financial Advisers.
He specialises in making the complex simple.
That simplicity and clear explanation helps you learn quicker. That means you can spend more time on the application of your knowledge. Its the application of the learning that the AF exams @level 6 are testing; spending more time on applying your knowledge will deliver faster and better results in your AF exams.
John has put his extensive expertise and learning into a new and simple training programme designed to give financial advisor exam candidates the required technical knowledge, study strategy and exam technique to confidently sit and pass AF3, AF4 and AF5 financial advisor exams and reach the gold standard in the industry attaining the coveted Chartered Financial Planner status.
John regularly shares expert tips and industry comment on his blog at expertpensions.co.uk. You can also follow John at the following social networks:-
Office 20, Evans Easyspace,24 Easter Inch CourtBATHGATEWest Lothian EH48 2FJ