QFA Pensions case studies
QFA Pensions · Put your knowledge to work in context.
The QFA Pensions module is one of the specialist qualifications on the pathway to Qualified Financial Advisor status in Ireland. It is aimed at people who advise clients on retirement planning - bank and brokerage staff, brokers, and life company representatives - and who need a working command of the Irish pension landscape rather than a general financial planning overview. The QFA Pensions case studies are 5 cases and about 2,679 words.
1The Late Entrant and the Funding Standard Deadline
Declan, aged 57, is the sole director and only member of a one-member occupational pension scheme set up in 2004. He has been contributing irregularly: €40,000 total accumulated fund at the last actuarial valuation 18 months ago, when the scheme's funding certificate showed a funding standard reserve of €0.
587 words, about 3 min2ARF Versus Annuity at 65 with a Health Question
Mary, aged 65, is retiring from a defined contribution scheme with a fund of €420,000. She is in good health, has a State pension entitlement of €14,000 per year, and owns her home outright.
549 words, about 3 min3Transfer from a Defined Benefit Scheme with a Funding Deficit
Patrick, aged 52, is a member of a defined benefit occupational scheme sponsored by a company whose funding certificate shows a funding standard reserve deficit of €8 million. The scheme is in a funding proposal with the Pensions Authority.
532 words, about 3 min4Company Contribution Timing and the Year-End Deadline
A trading company, Oakhill Ltd, wants to make a €150,000 employer contribution to its occupational scheme for the benefit of its two directors, both aged 48, before its accounting year-end on 31 December. The company's accounts are prepared to 31 December and the corporation tax return is filed the following September.
526 words, about 3 min5The PRSA Holder Who Wants to Access Funds at 50
Sinead, aged 50, has a PRSA with a fund of €180,000 and a separate occupational scheme from a previous employer. She has stopped working due to illness and needs income.
485 words, about 2 min