I am going to take this ICWIM exam , could you pls send me some sample questions to test?
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| Section | Weight | Objectives |
|---|---|---|
| Investment Management | 15% | - Portfolio construction theories - Investment strategies - Risk and return concepts - Performance measurement and evaluation |
| Investment Advice | 21% | - Advisory process - Communication and documentation - Taxation principles - Portfolio recommendations and review |
| The Financial Services Sector | 16% | - Market functions and products - Regulatory objectives and frameworks - Ethical standards and professional conduct - Structure and participants |
| Industry Regulation | 10% | - Compliance and governance - Financial crime prevention - Regulatory authorities and rules - Client categorization and protection |
| Asset Classes | 10% | - Fixed income securities - Derivatives - Cash and money market instruments - Equities - Real estate and alternative assets |
| Fiduciary Relationships | 16% | - Risk profiling and suitability - Duties and responsibilities - Client needs assessment - Conflicts of interest |
| Lifetime Financial Provision | 18% | - Retirement planning - Trusts and foundations - Protection and insurance planning - Estate and succession planning |
| Economics and Investment Analysis | 10% | - Macroeconomics and markets - Investment mathematics and statistics - Economic indicators and cycles - Valuation methods |
A rise in living standards will tend to:
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Which of the following investments is most suitable for a customer who desires income rather than capital gain and who is risk-averse?
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In normal market circumstances, the yield curve slopes upward. Why is this?
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When analysing rates of return, why is a short-dated government bond considered to be the risk-free rate?
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Your client estimates that they will require £40,000 of income annually to live off when they retire. Personal plus state pension will provide £35,000. They wish to retire in 20 years' time. It is estimated that they can earn
3% per annum and inflation has been forecast at 2% over the next 20 years. Interest rates are currently 1.5%.
Allowing for inflation, what lump sum would they need to accrue to supplement their pension?
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