What you'll be able to do

• Understand derivatives, the main markets and roles of key participants, including exchanges, brokers, and institutional investors.
• Understand underlying assets, how they are issued and their key investment characteristics and risks, including equities, bonds, commodities, and currencies.
• Understand Exchange Traded Futures and Options, including their mechanics, pricing, and uses for hedging and speculation.
• Understand OTC Derivatives, including swaps, forwards, and options, and their role in managing risk and creating bespoke investment solutions.
• Understand how clearing works, including the role of clearing houses and the management of counterparty risk.
• Understand delivery and settlement processes for derivatives contracts, including physical delivery and cash settlement.
• Understand how portfolios are constructed using derivatives to achieve specific investment objectives, such as enhancing returns or reducing risk.
• Understand trading, hedging and investment strategies involving derivatives, including arbitrage, speculation, and risk management.
• Understand the advisory process and the administration and maintenance required for a client portfolio containing derivatives, including suitability assessments and ongoing monitoring.
• Understand the special regulatory requirements relating to Derivatives in the main developed and emerging economies, including reporting obligations and margin requirements.

What you'll be able to do

• Understand the UK financial services industry within the global economy.
• Understand the regulatory framework as it applies to how the needs and priorities of UK consumers should be met by the industry.
• Understand relevant legal concepts as they relate to financial services.
• Understand UK trusts.
• Apply ethical standards, professional codes of conduct and professional ethics within the context of financial services.
• Understand how the UK financial services are regulated.
• Understand the Financial Services Authority's (FSA) supervisory objectives, principles and processes.
• Comply with the regulatory obligations relating to regulated activities, firm authorisation and approved persons.
• Comply with the legal and regulatory obligations relating to financial crime.
• Ethically apply the regulatory framework as it relates to complaints and compensation.
• Understand how to treat customers fairly when providing advice and services in accordance with the FSA regulatory framework.

What you'll be able to do

• Understand the key areas of financial protection.
• Understand the key areas of retirement planning.
• Understand the core concepts and application of financial planning.

What you'll be able to do

• Understand the principles of financial planning.
• Understand the principles of financial protection.
• Understand the principles of retirement planning.
• Understand different retirement solutions.
• Formulate financial planning recommendations.

What you'll be able to do

• Understand the characteristics, risks and return of asset classes and their correlation, including equities, bonds, property, and alternative investments.
• Understand the macro-economic environment, its trends and impact on the economy and asset classes, including inflation, interest rates, and economic growth.
• Understand the principles of investment risk and return and related models of investment theory, including Modern Portfolio Theory and the Capital Asset Pricing Model.
• Understand the UK tax system as it applies to private individuals, trusts and charities, including income tax, capital gains tax, and inheritance tax.
• Understand the main types, characteristics, tax treatment, inherent risks and behaviours of investment products, including unit trusts, investment trusts, and offshore funds.
• Understand the principles and theory of asset allocation and portfolio construction, including diversification, rebalancing, and strategic asset allocation.
• Understand the rules, process and responsibilities of giving financial advice, including fact-finding, suitability assessments, and providing recommendations.
• Understand portfolio performance review and the performance of investments, including calculating returns, benchmarking, and analysing performance drivers.

What you'll be able to do

• Understand the consumer and retail market factors and trends relevant to financial protection, including demographic changes, economic conditions, and consumer behaviour.
• Understand the areas of need for protection planning, such as life assurance, critical illness cover, income protection, and long-term care insurance.
• Understand the main sources of financial protection, including insurance companies, mutual societies, and government schemes.
• Understand the needs and priorities for financial protection and the relevant factors in selecting appropriate solutions, considering individual circumstances, financial goals, and risk tolerance.
• Understand the political, economic, legal and social environment factors which provide the context for pensions planning, including government policies, inflation, and demographic trends.
• Understand State Schemes in the context of an individual’s pension planning, including eligibility criteria, benefits, and limitations.
• Understand Defined Benefit and Defined Contribution schemes and factors to consider when drawing pension benefits, including tax implications and investment options.
• Understand the aims and objectives of retirement planning and suitable investments to meet these objectives, considering risk tolerance, time horizon, and income needs.
• Understand alternative solutions for pension income and long term requirements, such as annuities, drawdown products, and property investments.
• Understand the scope of the adviser’s authorisation and relevant regulations and legislation, including the Financial Services and Markets Act 2000 and the rules of the Financial Conduct Authority.
• Recommend a suitable financial plan appropriate to the client’s changing needs over time, considering their financial goals, risk tolerance, and life stage.
• Review a client’s portfolio and recommend changes as appropriate, taking into account market conditions, investment performance, and the client’s evolving needs.

What you'll be able to do

• Understand the principles of financial planning.
• Understand the principles of financial protection.
• Understand the principles of retirement planning.
• Understand different retirement solutions.
• Formulate financial planning recommendations.

What you'll be able to do

• Understand the investment characteristics of fixed income securities and how they are issued, valued and traded.
• Understand the investment characteristics of cash, money market and foreign exchange instruments and how they are issued, valued and traded.
• Understand the investment characteristics of equities and how they are issued, valued and traded.
• Understand settlement, safe custody and prime brokerage.
• Understand securities analysis.
• Understand collective investments.
• Understand portfolio construction theory and practice.
• Understand investment selection and administration.

What you'll be able to do

• Understand the UK financial services industry within the global economy, including its structure, key players, and role in economic growth.
• Understand UK financial services and consumer relationships, including the rights and responsibilities of both providers and consumers of financial services.
• Understand relevant legal concepts as they relate to financial advice, including contract law, tort law, and agency law.
• Understand UK trusts, including their different types, uses, and tax implications.
• Apply ethical standards, professional codes of conduct and professional ethics within the context of financial services, ensuring integrity and acting in the best interests of clients.
• Understand how the UK financial services are regulated, including the roles of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
• Understand the supervisory objectives, principles and processes of the Financial Conduct Authority and the Prudential Regulation Authority, including their approach to risk-based supervision.
• Comply with the regulatory obligations relating to regulated activities, firm authorisation and approved persons, ensuring adherence to FCA and PRA rules.
• Comply with the legal and regulatory obligations relating to financial crime, including money laundering, terrorist financing, and fraud.
• Ethically apply the regulatory framework as it relates to complaints and compensation, ensuring fair treatment of customers and compliance with the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).
• Understand how to treat customers fairly when providing advice and services in accordance with the FCA regulatory framework, ensuring transparency, clarity, and suitability.