Pensions World SA CPD Assessment Q2 2021

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Welcome to the Pensions World SA CPD Portal!

Please read the tutorial before completing the assessment questions below.

Trustee Tutor: Issue 6 - The role players involved in your fund investments

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PLEASE COMPLETE YOUR DETAILS BELOW

Name

Surname

SA ID Number

Company Name

FPI Memberhip Number (if available, otherwise type "no number")

Contact number

E-mail address

ASSESSMENT FORM

1. Members can increase their savings by:

a. Paying more in contributions every month.

b. Earning higher investment returns.

c. Paying less in fees to their service providers.

d. All of the above.

2. Trustees are generally very budget-wise in managing costs but don’t always appreciate the costs of all the investment role players.

a. True

b. False

3. Who is responsible for implementing a fund’s investment strategy?

a. The trustees.

b. The investment consultant.

c. The investment manager.

d. The investment multi-manager.

4. Choose the most correct statement/s. An investment manager:

a. Is the entity responsible blending the appropriate managers in a portfolio.

b. Is the entity responsible for holding the customers’ shares in safekeeping.

c. Is the entity responsible for reporting back to the trustees on portfolio performance.

d. Does not give advice and thus does not need to be licensed under FAIS.

5. Choose the most correct statement/s. An active investment manager:

a. Can be found in both pooled and segregated mandates.

b. Can only be found in a pooled mandate.

c. Can only be found in a segregated mandate.

d. Actively follows the JSE all share index weightings in their portfolios.

6. An example of an index is:

a. The FTSE/JSE all share index.

b. The FTSE/JSE all bond index.

c. The FTSE/JSE all property index.

d. All of the above.

7. Which of the following statements is incorrect.

a. A multi-manager is a manager of investment managers.

b. A multi-manager is linked to your administrator.

c. A multi-manager offers both active and passive portfolios.

d. A multi-manager provides meaningful diversification across asset classes.

8. Using a multi-manager strategy shifts the responsibility for researching, choosing and monitoring investment managers from the trustees to experts.

a. True

b. False

9. Choose the most correct statement/s: An investment consultant will guide trustees in:

a. Setting the most appropriate investment strategy for their fund.

b. Choosing the best investment managers or multi-managers for their fund.

c. Updates in legislation and how to implement these.

d. All of the above.

10. Choose the most correct statement.

a. Investment fees in South Africa are standardised.

b. The total expense ratio (TER) is the global standard used to measure the impact that the deduction of management and operating costs has on a portfolio’s value.

c. The total expense ratio (TER) is a more comprehensive calculation of charges than the total investment charge (TIC).

d. Trustees should regularly review the performance of their investment portfolios over a maximum period of 12 months.

Thank you for completing the assessment. Once you click on the "Submit Assessment" button below, your answers will be sent for verification and scoring.

You will hereafter receive an email containing your answers submitted and the score attained.

A CPD Certificate will then be issued a day or two later (following verification) and be emailed to the address supplied in this form.

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