NSW Feb 2012 Pd Day Points Quiz

20 Questions | By Aaafi | Updated: Mar 20, 2022 | Attempts: 65

Questions

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Welcome advisors, to the first online test in order to get your PD points. We hope you got a lot out of the day! DON'T PANIC, this is a simple quiz to see if you were listening. You don't need to get every question right, simply scoring 8 or more out of 12 correct questions will be enough to pass. If you happen to fail the first time, you will have the ability to redo this quiz twice. Questions are made up of a mix of multiple choice as well as true and false. Good Luck!

Questions and Answers

1.

Section: Business & Marketing Update by Jenny Pearse Question: Jenny Announced a new director for AAAFI, who was it?
- A.
  
  Justin O'Kane
- B.
  
  David Schneider
- C.
  
  Kathryn Howes
- D.
  
  John Kildea
2.

Section: Business & Marketing Update by Jenny Pearse Question: What is the name of the leads generating site where some AAA advisors have begun recieving leads and turning them into sales?
- A.
  
  Www.lifeinsurance.com.au
- B.
  
  Www.lifeinsurancefinder.com.au
- C.
  
  Www.riskfinder.com.au
- D.
  
  Www.insurancecomparisonfinder.com.au
3.

Section: Effectively Competing Against Industry Funds by Chris Kirby Question:Which company gave the presentation on competing against industry funds?
- A.
  
  AXA/AMP
- B.
  
  OnePath
- C.
  
  Bill Shorten
- D.
  
  Perpetual
4.

Section: Effectively Competing Against Industry Funds by Chris Kirby Question: A big advantage of retail insurance within a non industry fund is that it allows for CPI
- A.
  
  True
- B.
  
  False
5.

Section: Direct Property: The Missing Asset Class by Tal Eloss Question: Which property business does TAL Eloss, represent?
- A.
  
  Odyssey
- B.
  
  Westpoint
- C.
  
  Mcgraph Nicol
- D.
  
  AAA Property Ptd Ltd
6.

Section: Direct Property: The Missing Asset Class by Tal Eloss Question: I can now recommend a client to purchase property without an SOA
- A.
  
  True
- B.
  
  False
7.

Section: Compliance Update by John Kildea Question: What new AAAFI policy did John Talk about?
- A.
  
  Social Media Policy
- B.
  
  Privacy Policy
- C.
  
  Sexual Harassment Policy
8.

Section: Aiming High in 2012 by Errol Rabaud Question: Errol mentioned a new Victorian state Manager, who is it?
- A.
  
  Himself (Errol Rabaud)
- B.
  
  Jeff Kennett
- C.
  
  Rod Hudson
- D.
  
  Greg Tobin
9.

Section: Aiming High in 2012 by Errol Rabaud Question: Where is AAAFI's paraplanning division located?
- A.
  
  Five Dock
- B.
  
  Adelaide
- C.
  
  Morphett Vale
- D.
  
  Gold Coast
10.

Section: Process Not Product by MLC Question: What was the main emphasis of MLC’s presentation
- A.
  
  Selling more products
- B.
  
  Helping Plan for SMEs future's
- C.
  
  Selling more products to SMEs
11.

Section: Process Not Product by MLC Question: How many small business did MLC report there are in Australia?
- A.
  
  200,000
- B.
  
  1,880,000
- C.
  
  10,000,000
12.

Section: Where is the Australian market Heading by VanEyk Question: VanEyk mentioned about the Australian stock market, that banking and material (mining) stocks make up a large proportion of this market, how much do they make of the market?
- A.
  
  30%
- B.
  
  65%
- C.
  
  90%
13.

Section: Where is the Australian market Heading by VanEyk Question: What will be one of the major themes for markets during 2012?
- A.
  
  The ongoing European crisis
- B.
  
  Japanese property sector
- C.
  
  Increasing the GST rate in Australia
14.

Section: Social Media – Where to now? by TAL Question: Which company was used as an example of a failed social media policy?
- A.
  
  Virgin Blue
- B.
  
  Coles
- C.
  
  Woolworths
- D.
  
  QANTAS
- E.
  
  AAA Financial Intelligence
15.

Section: Social Media – Where to now? by TAL Question: There are no disadvantages to using twitter to promote your business?
- A.
  
  True
- B.
  
  False
16.

Section: Compliance Update by John Kildea Question: Under FOFA, as it currently stands, there will be some form of grandfathering provision for existing clients?
- A.
  
  True
- B.
  
  False
17.

Section: Where is the Australian market Heading by VanEyk Question: Australian Banks are no longer reliant on foreign funding?
- A.
  
  True
- B.
  
  False
18.

Section: Compliance Update by John Kildea Question: When developing a social media policy you are required to get a Signoff for?
- A.
  
  Professional Social Media use only
- B.
  
  Professional and Private Social Media Use
- C.
  
  Not required
19.

Section: Compliance Update by John Kildea Question: Which of the following answers below, is most correct when it comes to what consitutes conflicted renumeration?
- A.
  
  Only initial commissions
- B.
  
  Some Initial and ongoing commissions, some soft dollar benefits, and volume incentives
- C.
  
  Only initial and ongoing commissions
20.

Section: Compliance Update by John Kildea Question: When an ongoing advisor fee is charged, which of the following applies in regards to proposed new rules regarding opt in?
- A.
  
  Annual Fee Disclosure and Opt In for all clients
- B.
  
  Annual Fee Disclosure and Opt In for all new clients after 1 July 2012
- C.
  
  Opt In every two years for all new client contracts after 1 July 2012 and annual Fee Disclosure for all clients