Module Code: H8AFP
Long Title Applied Financial Planning
Title Applied Financial Planning
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: JONATHAN BRITTAIN
Module Author: Philip Shanahan
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate an in-depth understanding of holistic financial planning and be able to apply this understanding in a practical way
LO2 Assess a case study and determine appropriate recommendations, taking a clients full circumstances into account
LO3 Prioritise a client’s needs in situations where there are multiple needs but limited budget available
LO4 Critically assess a pre-prepared set of recommendations, taking into account a client’s needs, family and business circumstances, financial position and attitude to investment risk.
LO5 Develop a professional relationship with clients based on trust and credibility.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
20840 H8LNS Loans
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Holistic Financial Planning
• What is holistic financial planning • The financial planning cycle • The main financial needs • Hierarchy of needs
The Fact-find
• Sections of the fact-find • Why information is required • Consumer protection code and knowing your consumer
Making Recommendations
• Consumer protection code and suitability • Finding the most suitable product • Creating a statement of suitability for multiple recommendations • Presenting recommendations, skill and methodology
Communication Skills and Financial Planning
The role of the personal financial planner; effective questioning; listening; negotiation skills.
Estate Planning and Legal Considerations
Wills and succession; separation and divorce; transferring ownership of assets; holistic advice and estate planning; policy ownership
Quantifying financial needs
Calculating shortfalls in life assurance, retirement planning, and savings
Case Studies
Three case studies with varying needs.
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Assessments

Full Time

Coursework
Assessment Type: Multiple Choice Questions % of total: 50
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
100 MCQ's based on knowledge gained throughout the PFP programme
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment
Reassessment Requirement
Repeat failed items
The student must repeat any item failed

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Class based lecture 12 Per 15 week block 0.80
Tutorial Class based tutorial, working on case study type exercises 6 Per 15 week block 0.40
Assignment Research and completion of case study 47 Per 15 week block 3.13
Independent Learning Independent study and research 60 Per 15 week block 4.00
Total Weekly Contact Hours 1.20
 

Module Resources

Recommended Book Resources
  • Chartered Insurance Institute (UK). (2011), Integrated Financial Planning, BPP Learning Media, London.
  • Barrett, M.. (2008), Financial services advertising: Law and regulation, Clarus Press Ltd..
Supplementary Book Resources
  • BPP Learning Media. (2011), Diploma in regulated financial planning R05 - Financial protection: Pass cards, 2010/11 tax year edn. BPP Learning Media.
  • BPP Learning Media. Financial protection: Study text, 2010/11 tax year edn. BPP Learning Media.
  • BPP Learning Media (2010). Regulations and ethics: UK financial services, Ingram Publisher.
  • Harvey, N. (2010), Effective communication, 3rd edn. Gill & Macmillan, Dublin.
This module does not have any article/paper resources
Other Resources
Discussion Note: