Financial Planning
Module Description
The Financial Planning module addresses the role of financial planning when advising customers. This module looks at the competences which advisers are expected to possess. Furthermore, students are exposed to the correct methods for accessing and acquiring adequate client data and information for analysis throughout the financial planning process.
Students will be exposed to various scenarios in which financial planning may be sought by insurance and financial services clients, namely in the context of estate planning, family protection, wealth building and retirement, starting with the assessment of client needs and risk appetite, product suitability and ongoing reviews.
The module will identify the various functions which contribute to effective financial planning, also addressing the importance of the paraplanner and financial planner for the provision of financial services. Students will gain knowledge in the legal, regulatory, and ethical framework of financial planning and consumer protection.
The syllabus then moves on to tackle investment planning skills and investment portfolios’ management.
Moreover, the module investigates retirement planning, including pension crystallization, tax treatment and risks. Students are expected to construct and assess advice on income planning provided to clients approaching retirement or those already in retirement. The module then moves on to assessing main financial tools used in the planning process as well as pension and non-pension strategies.
Entry Requirements
Candidates who apply for this course must possess one of the following:
• A related qualification at MQF Level 4
and/or
• One ‘A’ Level or equivalent and a pass in English Language*, Mathematics, and/or Business Studies at MQF Level 3 (‘O’ Level or equivalent).
• Preference will also be given to applicants having 1 year work experience related to the study programme.
*In the case of students who do not possess all the formal required academic qualifications, then the Recognition of Prior Learning (RPL) process could be applied such that if evidence of equivalent learning is found then the applicant could still be accepted in the course.
Target Audience
This course is targeted at:
• Individuals seeking to advance their academic and professional knowledge in Insurance.
• Individuals wanting to pursue a wide range of career paths within the insurance profession.
• Individuals wanting to enhance their ability to interpret, assess and communicate insurance related information.
Career Paths
This programme leads to a bachelor’s qualification that will cover the general requirements of the Chartered Insurance Institute, which will secure the competences for individuals who aspire for professional roles in this industry.
The potential positions for which this programme aims to prepare could be and are not limited to:
• Claims: Claims Handler Surveyor, Claims Executives
• Insurance Compliance Officer
• Insurance Advisor
• Insurance Business Analyst / Consultant
• Insurance Operations Executives
• Insurance Product and Business Development Executives
• Risk Management Executives
• Underwriting Executives
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Assessment 1
- Assessment 2
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Additional Info
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.