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The module covers the need for financial planning, particularly as one takes on more responsibilities in life. Therefore, a life-cycle approach is emphasised. The main areas of personal financial planning are covered: the need for protection, and the appropriate life, sickness and general insurance cover; life assurance as an investment; mortgage finance; personal saving, investment and pension planning; sources and types of credit; estate planning; and the importance of personal taxation planning. You will develop quantitative skills in relation to yield analysis; income, capital gains and inheritance tax calculations; interest rates (eg APR, CAR) and Pound Cost Averaging.
Throughout the module, you will develop an awareness of the regulation of financial services.

LO1: Consider the impact of social and economic change on planning personal finances
LO2: Comprehend the need to provide for protection and retirement needs
LO3: Describe the range of savings and investment products and comprehend their tax implications
LO4: Develop an insight into the main taxes that directly affect the individual and his/her dependents
LO5: Comprehend the different forms of credit and mortgage contracts
LO6: Demonstrate comprehension of product knowledge for specific individual cases