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FP1 Financial services and their regulation
Assesses an understanding of the financial services industry including regulation and legislation.
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FP2 Protection, savings and investment
Assesses an understanding of protection, savings and investment products.
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FP3 Identifying and satisfying client needs
Assesses an understanding of conducting a fact-find, assessing the client’s needs, and recommending specific (appropriate) financial products to meet those needs.
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CF9 Pensions simplification
This examination assesses a knowledge and understanding of the Government’s simplified pension taxation regime which came into full effect on 6 April 2006 (A-Day). Eight tax regimes for pensions were reduced to one, radically affecting planning and transactions.
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J01 Personal tax
At the end of this unit, candidates should be able to demonstrate an understanding of: the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individual’s liability to UK tax.
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CF2 Investment and risk
This examination assesses a knowledge and understanding of investment products and the risks involved.
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J05 Pension income options
At the end of this unit, candidates should be able to demonstrate an understanding of the: process of decumulating pension funds and the main issues for clients and advisers; main choices facing members of pensions schemes during decumulation; features, risks and tax treatment of the secured pension option; features, risks and tax treatment of the unsecured pension option; features, risks and tax treatment of phased retirement; features, risks and tax treatment of the alternatively secured pension option.
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J04 Pension funding options
At the end of this unit, candidates should be able to demonstrate an understanding of the: main tax and legal frameworks that govern the accumulation phase of building up retirement benefits under registered pension schemes; features of defined contribution and defined benefit pensions; choices faced by early leavers and use of transfer value analysis; State retirement benefits available, including the risks and suitability of contracting out of the State Second Pension.
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AF3 (Pension Planning)
This examination assesses the candidate to develop in-depth financial planning skills related to personal and corporate pensions.
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AF4 Investment planning
This examination assesses the candidate to develop in-depth financial planning skills related to investments and the management of investment portfolios.
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AF5 (Financial Planning Process)
This examination assesses the candidate to develop an understanding of the financial planning process when advising clients.
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AF1 Personal tax and trust planning
This examination assesses the candidate to develop in-depth financial planning skills related to personal tax and trusts.
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J02 Trusts
At the end of this unit, candidates should be able to demonstrate an understanding of: the legal principles associated with the creation and management of a trust; the main types of trusts that are common in the UK; and the taxation considerations relevant to trusts.
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R01 (Financial Services, Regulation and Ethics)
This qualification assesses a knowledge and understanding of the financial services industry, including regulation, legislation and the Code of Ethics.
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R08 Pensions update
This qualification focuses on pension reforms and how they affect advice, including the new legislative, compliance and reporting requirements.
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CF8 Long-term care insurance
This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, long-term care insurance products and the giving of long-term care insurance advice.
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CISI Risk in Financial Services
This award offers a comprehensive global introduction to the major risk areas in financial services. It addresses international issues, reflecting the needs of a worldwide market, and provides a sound grounding in the principles of the risk management framework, corporate governance and risk oversight. It covers specific techniques used in identifying, reducing and managing operational risk, credit risk, market risk, investment risk and liquidity risk.
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J10 (Discretionary Investment Management)
At the end of this unit, candidates should be able to analyse and apply financial information and portfolio management skills.
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R05 (Financial Protection)
This qualification assesses a knowledge and understanding of an ability to analyse financial protection planning issues.
