Professional Certificate in Financial Advice (APAs and CUA)

Why an APA?

 

The Accredited Product Adviser (APA) designation meets the Central Bank’s Minimum Competency Code (MCC) requirements for selling and advising on certain retail financial products set out in the Code.

To be awarded an APA designation by LIA, you must register for and successfully complete a two module educational programme offered by LIA’s academic education partner, the Institute of Banking which is a recognised college of University College Dublin (UCD). Those who successfully complete this programme are awarded the Professional Certificate in Financial Advice by UCD – a 10 ECTS (European Credit Transfer and Accumulation System) qualification at level 7 of the National Framework of Qualifications.

Once you are awarded your Professional Certificate in Financial Advice, you may apply to LIA for your first APA designation.

Students can choose to focus on (and become accredited in) just one area, or they can study and become accredited across a range of areas. Just two modules (the compulsory QFA Regulation and one other), will lead to any of five APAs, and every module thereafter will lead to subsequent designations*.

 

* You must already hold either the APA (Loans) or the QFA designation before undertaking the Debt Management Services module.

 

CUA

 

The CUA (Credit Union Adviser) designation is awarded following successful completion of two modules, Credit Union Practices and QFA Regulation. The CUA designation is ideal for Advisers and Managers, and has been approved by the Central Bank as meeting Minimum Competency requirements for Credit Unions acting as Insurance Intermediaries.

Course Aims

By gaining APAs in key financial service areas you will be equipped to:

  • give competent product advice to your customers in your chosen area(s) of expertise
  • describe relevant regulation that is used in the provision of financial services
  • use analytical skills to make recommendations to customers regarding financial products.


Destination QFA

APA designations are stepping stones, as well as incremental credentials that meet MCC, on your way to the full QFA designation, joining over 15,000 QFAs in Ireland. You can obtain one or more APA designation(s)* by completing QFA Regulation and one or more of :

  • QFA Life Assurance
  • QFA Pensions
  • QFA Investments
  • QFA Loans
  • Debt Management Services
* You must already hold either the APA (Loans) or the QFA designation before undertaking the Debt Management Services module.


Donna Levins, APA (Life Assurance, Pensions, Savings and Investments)

Going through the course process with LIA and becoming qualified in the key areas of my business has given me a huge confidence boost when dealing with clients on the phone and in person. As my confidence and knowledge has grown, there has been a clear development in all aspects of my day-to-day job.

Next Exam Session:
September 2017
Close Off Date:
30 Jun 2017

Enrol on a Course

Course Modules

QFA Life Assurance

€295
  • Personal Financial Needs
  • Life Assurance Companies
  • Temporary Assurances
  • Whole of Life Assurances
  • Serious Illness Cover
  • Assessing Protection Needs
  • Wills and Succession Act Rights
  • Business Insurances
  • Comparing Protection Cover
  • Savings Policies
  • Investment Bonds
  • Taxation
  • Consumer Protection Code Obligations
  • Investment Risk
  • Providing Advice
  • Starting a Policy
  • Paying out Benefits
  • Financial Maths

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
16 Sep 2017
Close Off Date:
30 Jun 2017


QFA Pensions

€295
  • Need for Retirement Provision
  • Taxation
  • State Pensions
  • Personal Pension Plans
  • Personal Retirement Savings Plans (PRSAs)
  • Occupational Pension Schemes
  • AVCs
  • Small Self Administered Pension Schemes (SSAPS)
  • Annuities
  • Approved Retirement Funds (ARFs)
  • Pension Fund Limits
  • Pension Fund Investment
  • Investment Restrictions
  • Pension Adjustment Orders
  • Regulation
  • Comparing Pension Products

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
09 Sep 2017
Close Off Date:
30 Jun 2017


QFA Investment

€295
  • The Financial Services Market
  • The Economy
  • Asset Classes
  • Deposits
  • Shares
  • Bonds
  • Collective Investment Schemes
  • Offshore Funds
  • Film & EII
  • Employee Share Incentives
  • Trackers Bonds
  • Unit Linked Policies
  • Taxation
  • Financial Maths
  • Consumer Protection Code Obligations
  • Comparing Investment Products
  • Providing Investment Advice

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
09 Sep 2017
Close Off Date:
30 Jun 2017


QFA Loans

€295
  • Client Loan Needs
  • Legislation Impacting on Housing Loans and Consumer Credit
  • Housing Loans
  • Comparing Housing Loans
  • Housing Loans Insurance
  • Arranging a Housing Loan
  • Debt Restructuring and Equity Release
  • Arrears and Debt Management
  • Debt Recovery
  • Consumer Credit

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
16 Sep 2017
Close Off Date:
30 Jun 2017


QFA Regulation

€295
  • Why Governments Regulate Financial Services Providers
  • Different Types of Regulation
  • Regulatory Bodies
  • Retail Intermediaries
  • Consumer Protection Code
  • Markets in Financial Instruments Regulations (MiFID)
  • Fitness and Probity Standards
  • Money Laundering and Terrorist Financing
  • Distance Marketing
  • Credit Unions
  • Financial Services Ombudsman
  • Investor Compensation
  • Minimum Competence
  • Unfair Terms in Consumer Contracts
  • Reporting Information to the Gardai
  • Tax Schemes

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
02 Sep 2017
Close Off Date:
30 Jun 2017


Credit Union Practices

€295
  • Structure of Credit Unions
  • Governance
  • Savings
  • Loans
  • Additional Services
  • Insurance Services
  • Money Laundering & Terrorist Financing
  • Data Protection
  • Credit Union Accounts
  • The AGM
  • Member Complaints

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
02 Sep 2017
Close Off Date:
30 Jun 2017


Debt Management Services

€295
  • The concept of debt management
  • Legal principles
  • Consumer debt
  • Mortgages arrears
  • Taxation
  • Security for consumer & micro enterprises
  • Budgeting
  • Providing appropriate advice (mortgage and consumer credit)
  • Providing advice micro enterprises in financial difficulties
  • Personal Insolvency Act 2012
  • The role of the courts in debt management and debt enforcement
  • Negotiation and different types of creditors
  • Regulation
 

Examinations

  • Written paper
  • 2 hours duration
  • Pass mark 40%

Next Exam Date:
02 Sep 2017
Close Off Date:
30 Jun 2017