- Identify the general (risk and investment) financial needs of clients or groups of clients in respect of products within the class of business.
- Describe the general characteristics, terms and features of the products within the class of business.
- Describe the typical fee structures, charges and other costs associated with products within the class of business.
- Describe the general investment and risk principles, options and strategies associated with investing, purchasing or transacting in products within the class of business.
- Describe (if relevant), the impact of applicable economic and environmental factors such as economic business cycles, inflation, monetary and fiscal policies, interest rates and exchange rates on the products within the class of business.
- Explain the legislative and tax implications applicable to the products within the class of business.
Assess the appropriateness of products within the class of business for specific client needs
Sub-classes covered in the training include:
1.1 Personal lines: Accident and health policies;
1.2 Personal lines: Liability policies;
1.3 Personal lines: Miscellaneous policies;
1.4 Personal lines: Motor policies;
1.5 Personal lines: Property policies;
1.6 Personal lines: Transportation policies;
1.7 Personal lines: Short-term reinsurance policies
2.9 Commercial lines: Short-term reinsurance policies.
Who should register?
Financial planners, financial advisors, para-planners, business owners
6 FSCA CPD points on completion and pass of assessment.