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.

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:

– 6 lectures per module;
– 3-hour lectures (evening);
– 12 hours of online content per module, comprising synchronous online discussions, tutorials and/or videos.

Assessment is carried out via two mandatory components:
• Modular Assessment;
• Project Assessment

The course also includes additional, specialised support to help you write your Dissertation, including classes on Qualitative/Quantitative data analysis tools, as well as Dissertation Workshops.