Core Module Information
Module title: Advanced Personal Financial Planning

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN09102
Module leader: Paul Langford
School The Business School
Subject area group: Financial Services


Description of module content:

You will learn the key features of a wide range of personal financial products and services and their appropriateness to meeting clients’ needs, both current and future. This will enable you to investigate the case histories of a range of clients and formulate fact-finds to enable appropriate financial recommendations to be made and portfolios to be analysed or constructed.

The module involves detailed study of the main personal finance product areas – Insurance (e.g. life, health and long-term care), Pensions, Mortgages, Savings and Investment, Trusts and Estate Planning and it considers each of these in the context of personal financial needs across the individual life cycle. You will be encouraged to develop analytical skills to enable you to apply a wide range of product knowledge in appropriate situations and for different individuals. As we are increasingly encouraged to look after our own long term financial needs, such skills have become an important part of our financial planning and financial management. Additionally the importance of ethical (professional) behaviour in the sector is considered.

Learning Outcomes for module:

LO1: Develop an in-depth knowledge of the main financial products relevant to personal finance
LO2: Develop calculative skills in determining returns from, and tax implications of, financial products
LO3: Demonstrate the importance of conducting a client case history and fact-find
LO4: Conduct an analysis of a client’s financial needs and make appropriate recommendations to the client based on the fact-find.
LO5: Analyse the meaning, implications, and importance of ethics in a financial advice context

Full Details of Teaching and Assessment
2020/1, Trimester 1, FACE-TO-FACE, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: FACE-TO-FACE
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Paul Langford
Module Organiser:

Learning, Teaching and Assessment (LTA) Approach:
Learning and Teaching Methods:
All learning outcomes are covered by a series of lectures with tutorials based around case studies and related class discussion which give students the opportunity to consider real and relevant financial situations.

Embedding employability/PDP/scholarship skills
The subject matter of the module enhances students' employment opportunities in the financial services industry by giving them the product knowledge and the technical, analytical and discriminatory skills to evaluate their application. Also, due to the personal finance nature of the module it should enhance PDP. Scholarship is encouraged throughout as students have to use their directed study time to research developments in the subject.

Research/teaching links
Students are expected to research professional journals to ensure they keep up-to-date with developments in the subject area. Tutorials most often require research into current rates, products and/or legislative requirements. Discussion and debate on research issues is encouraged through the tutorial topics.

Formative Assessment:
Practically, tutorials allow for feedback on understanding of key aspects of product and legislative aspects of the field – these are very interactive sessions. Assessment 1 on Moodle allows students to see which aspects of product understanding they need to improve.

Summative Assessment:
The test (assessment 1) requires students to demonstrate considerable detailed product knowledge assessed via Moodle quiz format. Feedback given on performance (LOs 1-2).
Case study assessment (assessment 2) requires students to use considerable judgement and discriminatory powers in a comprehensive case study at the end of the formal teaching sessions, week 14/15 (LOs 2-4).

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 22
Face To Face Practical classes and workshops 11
Independent Learning Guided independent study 167
Total Study Hours200
Expected Total Study Hours for Module200

Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Practical Skills Assessment 50 Various 7 HOURS= 00.00, WORDS= 0
Centrally Time Tabled Examination 50 All 14/15 HOURS= 3, WORDS= 0
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Advanced Personal Financial Planning