AF4
Advanced Diploma in Financial Planning
Unit AF4 – Investment planning
September 2022 examination
SPECIAL NOTICES
All questions in this paper are based on English law and practice applicable in the tax year
2022/2023, unless stated otherwise in the question, and should be answered accordingly.
It should be assumed that all individuals are domiciled and resident in the UK unless
otherwise stated.
Instructions
• Three hours are allowed for this paper.
• Do not begin writing until the invigilator instructs you to.
• Read the instructions on page 3 carefully before answering any questions.
• Provide the information requested on the answer book and form B.
• You are allowed to write on the inside pages of this question paper, but you must NOT write
your name, candidate number, PIN or any other identification anywhere on this question paper.
• The answer book and this question paper must both be handed in personally by you to the
invigilator before you leave the examination room. Failure to comply with this regulation will
result in your paper not being marked and you may be prevented from entering this
examination in the future.
2199
, AF4 September 2022
Copyright © 2022 The Chartered Insurance Institute. All rights reserved.
2199 2
, AF4 September 2022
Unit AF4 – Investment planning
Instructions to candidates
Read the instructions below before answering any questions
• Three hours are allowed for this paper which carries a total of 160 marks as follows:
• Section A: 80 marks
• Section B: 80 marks
• You are advised to spend approximately 90 minutes on Section A and 90 minutes on
Section B.
• You are strongly advised to attempt all questions to gain maximum possible marks.
The number of marks allocated to each question part is given next to the question and you
should spend your time in accordance with that allocation.
• Read carefully all questions and information provided before starting to answer. Your answer
will be marked strictly in accordance with the question set.
• You may find it helpful in some places to make rough notes in the answer booklet. If you do
this, you should cross through these notes before you hand in the booklet.
• It is important to show all steps in a calculation, even if you have used a calculator.
• If you bring a calculator into the examination room, it must be a silent, battery or
solar-powered, non-programmable calculator. The use of electronic equipment capable
of being programmed to hold alphabetic or numerical data and/or formulae is prohibited. You
may use a financial or scientific calculator, provided it meets these requirements.
• Tax tables are provided at the back of this question paper.
• Answer each question on a new page and leave six lines blank after each question part.
Subject to providing sufficient detail you are advised to be as brief and concise as possible,
using note format and short sentences on separate lines wherever possible.
2199 3 PTO
Advanced Diploma in Financial Planning
Unit AF4 – Investment planning
September 2022 examination
SPECIAL NOTICES
All questions in this paper are based on English law and practice applicable in the tax year
2022/2023, unless stated otherwise in the question, and should be answered accordingly.
It should be assumed that all individuals are domiciled and resident in the UK unless
otherwise stated.
Instructions
• Three hours are allowed for this paper.
• Do not begin writing until the invigilator instructs you to.
• Read the instructions on page 3 carefully before answering any questions.
• Provide the information requested on the answer book and form B.
• You are allowed to write on the inside pages of this question paper, but you must NOT write
your name, candidate number, PIN or any other identification anywhere on this question paper.
• The answer book and this question paper must both be handed in personally by you to the
invigilator before you leave the examination room. Failure to comply with this regulation will
result in your paper not being marked and you may be prevented from entering this
examination in the future.
2199
, AF4 September 2022
Copyright © 2022 The Chartered Insurance Institute. All rights reserved.
2199 2
, AF4 September 2022
Unit AF4 – Investment planning
Instructions to candidates
Read the instructions below before answering any questions
• Three hours are allowed for this paper which carries a total of 160 marks as follows:
• Section A: 80 marks
• Section B: 80 marks
• You are advised to spend approximately 90 minutes on Section A and 90 minutes on
Section B.
• You are strongly advised to attempt all questions to gain maximum possible marks.
The number of marks allocated to each question part is given next to the question and you
should spend your time in accordance with that allocation.
• Read carefully all questions and information provided before starting to answer. Your answer
will be marked strictly in accordance with the question set.
• You may find it helpful in some places to make rough notes in the answer booklet. If you do
this, you should cross through these notes before you hand in the booklet.
• It is important to show all steps in a calculation, even if you have used a calculator.
• If you bring a calculator into the examination room, it must be a silent, battery or
solar-powered, non-programmable calculator. The use of electronic equipment capable
of being programmed to hold alphabetic or numerical data and/or formulae is prohibited. You
may use a financial or scientific calculator, provided it meets these requirements.
• Tax tables are provided at the back of this question paper.
• Answer each question on a new page and leave six lines blank after each question part.
Subject to providing sufficient detail you are advised to be as brief and concise as possible,
using note format and short sentences on separate lines wherever possible.
2199 3 PTO
