Advanced Mortgage Advice (R07) develops knowledge and understanding of the key elements of the mortgage process, specialist types of mortgage lending and to test candidates' ability to give appropriate mortgage advice to clients with complex needs and circumstances.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered  on RevisionMate.
• Assessment entry.

Equity Release (ER1) develops understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

Individual Savings Account Administration (FA5) develops your understanding of investment issues, together with detailed guidance on the administration of individual savings accounts.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

Individual Savings Accounts (ISAs) often referred to as an investment wrapper, allows cash or other assets to be held in a tax-free environment. Introduced in 1999 to encourage individual investment, ISAs have since been the main vehicle for saving and investing tax efficiently.

This study text looks at the main features and uses and main rules surrounding ISAs, including a review of the main features and types of ISAs, their tax treatment and the main uses of ISAs. It then moves on to the regulations that surround ISAs, how they are made, the role of HMRC in connection with the administration of ISA schemes and the obligations on firms in respect of anti-money laundering and the safekeeping of client assets.

It considers eligibility conditions, the application process, rules surrounding what constitute acceptable investments within ISAs, how dealing takes place and how trades are cleared and settled. It looks at tax treatment of income, how corporate actions should be dealt with and the submission of tax claims and returns to HMRC.

It views the rules involved in managing an ISA, including ISA manager obligations, investor reporting, the range of statistical returns ISA managers make to HMRC and how HMRC audits ISA managers to check their compliance with the rules.

Building a successful career in personal finance

Individual Savings Account Administration (FA5) provides the essential knowledge and skills needed for a range of administrative and operational investment roles, including individual savings account administration.

Learning outcomes

At the end of this unit, candidates should be able to demonstrate a knowledge and understanding of:

• the main features and uses of Individual Savings Accounts;
• ISA investors and applications;
• ISA withdrawals, closure, deaths of investors, transfers;
• HMRC rules concerning ISAs.

Assessment

• 60 minute exam
• 50 multiple choice questions
• 70% nominal pass mark (the actual pass mark may vary from one session to another to ensure consistency in pass standards)
• The 2023 pass rate for this unit was 81.5%

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2023-24 edition (applicable to exams sat 01 Sep 2023 to 31 Aug 2024) 

Long Term Care Insurance (CF8) develops your understanding of Long Term Care (LTC) cover, including legal, taxation and regulatory issues and the responsibilities of local authorities.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

We consider the Financial Conduct Authority (FCA) definition of a long term care insurance contract and the background to long term care provision in the UK. We look at the different types of long term care, the health authority responsibilities in the provision of continuing care and any resulting funding implications for the individual.

We then look at how current legislation affects the provision of advice on long term care insurance, particularly with reference to the responsibilities of a local authority. We consider the availability of alternative sources of assistance and possible limitations on their use. We then deal with the complexities and implications of the relationship between the adviser, the client and third parties when advising on long term care insurance.

Taxation issues related to long term care insurance plans and legal considerations that need to be taken into account when giving long term care advice to individuals and representatives are also covered.

We look at eligibility to claim under a long term care insurance contract, the different costs associated with long term care provision and the factors that create variations in them. We also consider the interaction between the eligibility for means-tested and non means-tested benefits in the provision of advice on long term care insurance.

We look at the suitability of arrangements available to fund and maintain long term care needs and whether the level of risk they present to the client is appropriate and acceptable. We then discuss situations that might indicate to an adviser that a client’s long term care provision needs to be reviewed and identify the consequences of that review.

Building a successful career in personal finance

When held with the Diploma in Financial Planning or the Diploma in Regulated Financial Planning, it meets the FCA’s appropriate qualification requirements for advising on long term care products and retirement advice.

Learning outcomes

At the end of this unit, candidates should be able to demonstrate a knowledge and understanding of the:

• definition, purpose and scope of long-term care contracts and how they interact with State benefits and State-funded long-term care;
• main features and functions of the different types of contract that can be used to fund long term care and how they can be arranged to meet an individual’s needs;
• principal legal, taxation and regulatory issues that are relevant to advice on long term care insurance;
• importance of regular reviews to ensure that long term care insurance cover remains appropriate.

Assessment

• 2 hour exam
• 50 multiple choice questions and 5 case studies, each comprising 5 multiple choice questions
• 70% nominal pass mark (the actual pass mark may vary from one session to another to ensure consistency in pass standards)
• The 2023 pass rate for this unit was 88.9%

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2023-24 edition (applicable to exams sat 01 Sep 2023 to 31 Aug 2024) 

Securities and Advice Dealing (J12) develops knowledge and understanding of the features and risks of different securities, the structure and features of the securities market and relevant factors and considerations for appropriate investment recommendations.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.