Information Collection and Fact-Finding
Hard vs soft facts, the information categories, record retention periods, and affordability assessment requirements.
Information Collection and Fact-Finding
The fact find is the cornerstone of good advice. Without comprehensive, accurate client information, suitable recommendations cannot be made.
True or false?
The fact find is the cornerstone of good advice
The Fact Find Process
Essential Information Categories
Which term matches: "name, DOB, address, marital status, dependants"
What does "Financial" mean?
Match each term in "Essential Information Categories" to its meaning
Tap a term, then tap its matching definition.
Fill in the blank
______ — employer, contract type, benefits (pension, death in service, sick pay)
Hard Facts vs Soft Facts
Which term matches: "Objective, verifiable information (salary, mortgage balance, age)"
What does "Soft facts" mean?
Type the term that means: "Objective, verifiable information (salary, mortgage balance, age)"
Fill in the blank
______ — Subjective information (attitudes, values, priorities, feelings about money)
The Affordability Requirement
Which term matches: "income, expenditure, existing commitments, likely future changes"
What does "Mortgage affordability" mean?
Match each term in "The Affordability Requirement" to its meaning
Tap a term, then tap its matching definition.
What the exam tests
Hard vs soft facts, the information categories, record retention periods, and affordability assessment requirements.
True or false?
Hard vs soft facts, the information categories, record retention periods, and affordability assessment requirements
Additional notes
Which term matches: "client reluctance to disclose, incomplete information, changing circumstances"
What does "Records must be kept for minimum 5 years (pension advice" mean?
Match each term in "Additional notes" to its meaning
Tap a term, then tap its matching definition.