Question 158 asks: Which of the following would require FSA authorisation? A Advice to an employer on the design of a pension scheme B Advice to a colleague on the choice between annuities and a personal pension C Advice on the decision between life insurance products offered by two different companies D Advice about how swaps can be used to hedge long term liabilities I thought the answer would be C because it relates to specific products but the answer is D. I am surprised as I thought that would count as generic advice - the general use of swaps for hedging. Can anyone explain why the answer is D please? Thx!
I have asked a colleague about this - a senior actuary who is knowledgeable about regulation - and he thinks that the answer should be C rather than D. Please could someone from Acted clarify if this is a mistake please. Thanks.
