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Part 3 – Preparing your knowledge, your advice and our clients for what happens at the end

5 min read 21 Jul 22

Session: 21 July 2022

In the final session session Colin Simmons, Pension Development Manager, Pru, Les Cameron, Head of Technical, M&G Wealth and Anne Wadey from the National Bereavement Service considered what happens on the death of a client – the practicalities of the impact their death will have on their various investments, and the pastoral aspects of dealing with a bereaved family.

Learning Outcome – to demonstrate an understanding of:

  • How to identify the impact of death on a client’s investment holdings across the main tax wrappers
  • Being able to describe the nature of bereavement and the needs of the bereaved people
  • Appreciating the overall work of the National Bereavement Service
  • How to assess the nature of support available to clients of financial firms from the National Bereavement Service and other related organisations

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click through to claim your CPD certificate on the link below.

Test your knowledge

1. Who/What is The National Bereavement Service:

a. a national charity using volunteers to provide bereavement services to the public

b. part of Adroit Legal Services giving information on probate

c. works exclusively with organisational partners 

d. a not-for-profit company employing bereavement advisers to provide bereavement support to public & partner organisations

e. receives government funding to provide bereavement services


2. What is the LTA charge for someone who dies with a £1,173,100 unvested pension pot at age 78?

a. £0

b. £25,000

c. £55,000

d. £37,500


3. Bereaved people may be financially vulnerable because

a. bereavement causes people to have a significant drop in their IQ

b. bereaved people are too distressed to make sensible decisions

c. they are obliged to pay off the debts of the person who has died, regardless of their own financial circumstances

d. bereaved people may lack financial confidence and have to make at need purchases of professional services

e. they have to pay inheritance tax before benefitting from the estate


4. Which of the below is not an allowable pension death benefit?

a. Lump Sum

b. Drawdown

c. Transfer

d. Annuity

To claim your CPD certificate, click here.

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