LIBF Unit 3 - Topic 1. Exam Questions with answers, rated A+ Payday Loans - -A temporary loan at a high interest rate Contingency Planning - -Attempting to plan for unexpected events and taking them into account Types of pension - -State, occupational

LIBF Unit 3 - Topic 1. Exam Questions with answers, rated A+ Payday Loans - -A temporary loan at a high interest rate Contingency Planning - -Attempting to plan for unexpected events and taking them into account Types of pension - -State, occupational, personal plan, stakeholder, NEST What is the NEST - -Low-cost, trust based pension scheme . Also available to self employed people What is a Non-Financial investment - -Buying works of art, fine wine or classic cars What is flexible financial planning? - -Planning future expenditure and deciding how this will be financed characteristics of a flexible financial planning - -Timely Informed Adaptable Fluid Realistic What is meant by fluid? - -A characteristic of a dynamic financial plan that means it reflects and allows for the possibility for variations in personal circumstances. Types of expenditure - -Mandatory Discretionary Essential What is a stakeholder pension? - -A type of personal pension with low-cost Payday Loans - -A temporary loan at a high interest rate Contingency Planning - -Attempting to plan for unexpected events and taking them into account Types of pension - -State, occupational, personal plan, stakeholder, NEST What is the NEST - -Low-cost, trust based pension scheme . Also available to self employed people What is a Non-Financial investment - -Buying works of art, fine wine or classic cars What is flexible financial planning? - -Planning future expenditure and deciding how this will be financed characteristics of a flexible financial planning - -Timely Informed Adaptable Fluid Realistic What is meant by fluid? - -A characteristic of a dynamic financial plan that means it reflects and allows for the possibility for variations in personal circumstances. Types of expenditure - -Mandatory Discretionary Essential What is a stakeholder pension? - -A type of personal pension with low-cost