This qualification assessed the knowledge and understanding of the UK regulation environment in the financial services industry together with types of mortgage products and repayment options and the giving of mortgage advice.
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.
This examination assesses the candidate to develop in depth financial planning skills related to personal and corporate pensions.
To achieve DipPFS individuals must achieve 140 credits. At least 80 credits must be at Diploma or AFPC level.
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.
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.
At the end of this unit, candidates should be able to demonstrate an understanding of: how the economic environment and individual company performance affects investment performance and investment decision making; how risk is measured and managed; the main principles governing how to construct an investment portfolio; the range of investment management services, how their performance is evaluated and their regulatory environment.
Dorothy Maxwell, IFA Partner of Positive Solutions <phone number hidden>. Providing a comprehensive, professional service offering advice on a variety of products including mortgages, protection, pensions, investment & savings, inheritance tax planning. Best to contact me directly <phone number hidden>if you require my assistance <email address hidden>
Work is conducted on a fee basis for investment and pension work and on fee or commission basis for other work. All costs will be discussed at your first meeting, which will be at our expense. <email address hidden> Positive Solutions (Financial Services) Ltd is authorised and regulated by the Financial Conduct Authority.
Registered as a Limited Company in England and Wales No. 3276760. Positive Solutions, Riverside House, The Waterfront, Newcastle upon Tyne, NE15 8NY.
Buy to let mortgages and estate planning are not regulated by the FCA.
As I am independent I can offer a guiding hand through the maze of products and financial planning strategies. I can help clarify your financial priorities and your short, medium and long term financial goals, your risk tolerance and what you want from life. Then I will make recommendations that will help you meet your financial goals both now and in the future. I try to understand your affairs and explain our solutions clearly and concisely so that you can understand the benefits of the route you have chosen. Aim is to give a comprehensive and considered financial plan
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