Which statement regarding a Preliminary Disclosure Certificate (PDC) is CORRECT?

• A. A PDC does not vary according to whether the PRSA is a Standard PRSA or a Non-Standard PRSA
• B. A PDC is a document which a PRSA provider may give to a client if it feels the client is a vulnerable customer
• C. A PDC is provided to Standard PRSA holders to inform them of the sales remuneration payable from the PRSA
• D. A PDC shows a projection of retirement benefits the PRSA might provide to the PRSA holder at retirement in return for certain contribution levels

Answer: (D)

A Preliminary Disclosure Certificate is an illustrative tool that provides a projection of the retirement benefits a PRSA holder might receive if they contribute at specified levels. It’s meant to help you see how different contribution amounts could translate into retirement benefits, based on assumed investment performance, charges, and product features. This isn’t a guaranteed amount, and it isn’t about vulnerability flags or remuneration details. The key point is that the document shows what retirement benefits could look like at retirement for given contribution levels, which is why this statement is the correct description.