Professional Diploma in Financial Advice (QFA)

Why the QFA?

The QFA is a professional designation which meets the Central Bank’s Minimum Competency Code (MCC) requirements for selling and advising on five of the eight categories of retail financial products set out in the Code.

To be awarded the QFA designation by LIA, you must register for and successfully complete a 6 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 Diploma in Financial Advice by UCD – a 30 ECTS (European Credit Transfer and Accumulation System) qualification at level 7 of the National Framework of Qualifications.

Once you are awarded your Professional Diploma in Financial Advice, you may apply to LIA for your QFA designation.

Those undertaking this programme will gain a wide understanding of the financial services industry, as the six modules cover an extensive range of topics. The programme is ideal for anyone working in life assurance, credit unions, mortgage lending, pensions and investments.

 

Benchmark for Financial Advisers

The QFA designation is the recognised benchmark for financial advisers in Ireland. As a QFA you join a community of 16,000 financial advisers. The QFA is recognised by employers and the public as a distinctive mark of quality for those providing financial advice.

To begin or continue you journey towards QFA designation, click here.

Course Aims

The QFA is designed to provide you with the ability to:

  • give competent advice to customers about their life assurance needs
  • discuss the need for, and types of, retirement provision and the regulation and restrictions on such provisions
  • explain the types of customer investment needs and the important risk-associated issues around investing
  • advise customers on loan offerings and the long-term implications that can arise
  • describe relevant regulation that is used in the provision of financial services
  • use analytical skills to make recommendations to customers regarding financial planning.


Elizabeth O’Connor, QFA

Having recently completed the Professional Diploma in Financial Advice and achieving the QFA designation, it became apparent how fundamental the learnings from this course are to anyone working in the Financial Services industry today. Each module was of great assistance to me in my day-to-day role and I’ve found that I’m using the information learned more and more to help with my clients and brokers.

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


QFA Financial Planning

€295
  • Introduction
  • Knowing the Customer
  • Assessing Suitability
  • Taxation
  • Retirement Benefit Options
  • Relationship Breakdown
  • Comparing Products
  • Investment Restrictions
  • Making a Recommendation
  • Client Reviews
To enrol on this module candidates must also have enrolled for, passed or be exempt from the first five QFA modules.

Examinations

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

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