WorksheetsCI Ops - Systematic Plan (AWD/IFE)
Total questions: 20
Worksheet time: 12mins
An AWD can also be referred to as a
SWP - Systematic Withdrawal Plan
AR - Automatic Redemption
SR - Systematic Redemption
AWP - Automatic Withdrawal Plan
An AWD cannot be set up on a RRSP.
True
False
Which two frequencies are not permitted on income plans?
Monthly
Bi-weekly
Quarterly
Weekly
Bi-weekly
Every two weeks
Semi-monthly
Twice per month
Bi-monthly
Every two months
Semi-annually
Twice per year
Which of the following do NOT allow AWD set up?
RESP
Locked-in plans
LSIF
RIF
In order to set up an AWD on a nominee held account, we require
Client authorization
Dealer authorization
Nominee authorization
Advisor authorization
A special WHT can be applied to AWDs as long as it is a whole number percentage and between
1% - 99%
10%, 20% or 30%
Up to 100%
We cannot apply a special WHT.
The default AWD amount for income plans is (a)
The default fund split for AWDs on income plans is
Equally
FEL funds only
FEL fund and DSC free/matured units
PRA
The default frequency for AWDs set up on income plans is
Monthly
Quarterly
Semi-Annually
Annually
The default month used for AWDs on income plans is
January
December
June
April
We can set up an AWD and an IFE on a RIF account.
True
False
An IFE is not permitted on which of the examples below?
Open to TFSA
TFSA to Open
RSP to Open
RSP to RSP
An IFE can be set up between (a) dollar funds and (b) dollar funds if the fund exists in both currencies
A maximum (a) fee of 2% can be charged on IFEs.
What CI form is used to set up an IFE?
Edward Jones DCA Form
CI Dollar Cost Averaging Plan
Automatic Rebalancing Service Form
CI Application Form
The (a) and (b) minimum is (c) per fund, per run.
An AWD on an income plan cannot exceed the
Maximum
Minimum
50% of the account
$25 per fund, per run
Which of the following is not set up on the Systematic Plan work performer?
AWD
PPA
PAC
IFE
AWDs on ITF accounts must be made payable to the (a)
