Money Marketing Christmas Quiz

1. In what year was the Financial Conduct Authority established?

a) 1970
b) 1999
c) 2003
d) 2013

2. In what year will the state pension age reach 71?

a) 2035
b) 2040
c) 2048
d) 2050

3. In the Autumn 2024 Budget, chancellor Rachel Reeves announced an increase of stamp duty on second homes to what percentage?

a) 2%
b) 4%
c) 5%
d) 10%

4. What was the primary reason DeadHappy, an insurance intermediary, stopped accepting new life insurance customers in 2024?

a) The company filed for bankruptcy due to financial difficulties
b) The FCA revoked their license to operate
c) Their insurance partners terminated their agreements following a controversial advertising campaign
d) The company decided to rebrand and restructure its business model

5. What change did the chancellor announce regarding inheritance tax (IHT) relief on shares in companies listed on the Alternative Investment Market (AIM)?

a) Complete removal of IHT relief on all AIM shares
b) Introduction of a new 20% IHT rate on all AIM shares
c) Reduction of the IHT relief on AIM shares from 40% to 20%
d) Extension of the minimum holding period for IHT exemption on AIM shares from two to five years

6. According to the Office for National Statistics, what was the most popular item purchased in the UK during the Christmas 2022 period?

a) Food and Drink
b) Clothing and Footwear
c) Toys and Games
d) Household Goods

7. Where do most young investors (aged 18-34) get their investment tips from, according to a 2023 Hargreaves Lansdown survey?

a) TikTok
b) Facebook
c) Instagram
d) Reddit

8. According to a 2023 survey by The Money Charity, what will the average UK household spend over the Christmas period?

a) £820
b) £2,300
c) £1,800
d) £950

9. Which pension provider was named ‘most recommended’, according to Defaqto’s pension service review 2024?

a) Abrdn (for Wrap)
b) Quilter
c) Aviva Life & Pensions
d) Royal London

10. Many people make New Year’s Resolutions related to their finances. Which of these is a common financial goal set during this time?

a) Saving more money
b) Paying off debt
c) Investing for the future
d) All of the above

Answers:

1. d – 2013
2. d – 2050
3. c – 5%
4. c – Their insurance partners terminated their agreements following a controversial advertising campaign
5. c – Reduction of the IHT relief on AIM shares from 40% to 20%
6. a – Food and Drink
7. c – Instagram
8. c – £1,800
9. d – Royal London
10. d – All of the above