The Financial Planning Risk Adviser (FPRA) designation is ideal for those working in advisory, product production or support roles in the areas of Financial Advice / Risk Management / Insurance Planning and who want to drive their knowledge forward, beyond minimum competency requirements.
This one-module course in Risk Management and Insurance Planning is essential learning for anyone involved in advising clients on techniques for mitigating risk, appropriate insurance cover and overall financial guidance. Students will gain a better insight on how to evaluate the suitability of insurance products, mitigating risks, to include most of the risks that customers will face through their financial lives, including mortality and illness risk, investment risk and longevity risk among others. This course will also cover a small element of business accounts that will add to the credibility of the advice offered to clients.
This is a part-time, online course consisting of one module, delivered over 12 weeks. This module is part of the Postgraduate Diploma in Business in Financial Planning, which is accredited at Level 9 on the National Framework of Qualification.
By successfully completing the course you will be awarded the FPRA designation by LIA. A successful student will receive a module credit from the Risk Management and Insurance Planning module towards the prestigious Postgraduate Diploma in Business in Financial Planning – LIA’s path to achieving the internationally recognised financial planning designation, Certified Financial Planner™ professional.
For further information regarding this module and the Postgraduate Diploma please click here.
Course Aims
The FPRA will provide students with specialist knowledge and the ability to:
- discuss the meaning of risk and the role it plays in financial advice and planning
- prioritise a client’s risk management needs
- deliver the practical application of tools and techniques to construct and manage client portfolios
- evaluate the appropriateness of insurance products in mitigating risk and estimate appropriate levels of insurance cover based on a client’s needs analysis
- provide innovative solutions when advising customers on risk management and insurance planning.
The designation will better equip students with the ability to provide better outcomes for customers, enhance the value proposition of the adviser and ensure that the advice given is robust and subject to regulatory challenge.
Course Content
Module
Risk Management and Insurance Planning
- Risk Framework
- Financial Maths
- Business Accounts
- Mortality & Morbidity Risk
- Protection
- Insurance underwriting
- Insurance and Behavioral Economics
- Estate Planning
- Protecting Assets from future creditors
- Risk at Retirement in relation to the use of assets
- Matching investments to investors
Examination
Students will be assessed by a combination of an examination and continuous assessment, based on assignments and case studies.
Continuous Assessments – 2 assessments, each accounting for 25% of the overall mark.
Examination – 1 final examination accounting for 50% of the overall mark.
Course Structure
Lectures will be delivered online over a 12-week period on Wednesday evenings from 6:00pm – 8:30pm.
The Financial Planning Risk Adviser designation is automatically awarded to QFAs on successful completion of the Risk Management and Insurance Planning module.
Study with LIA
Key Information
Click below to access the Level 9 exam timetable.
The registration fee for this module is €1,100.
- Relevant 2.2 honours degree (level 8) in business, finance or in a numerate discipline (such as mathematics, physics or engineering)
OR
Equivalent relevant professional qualification:
e.g
- Qualified Financial Adviser (QFA) with three years’ relevant work experience obtained in the life assurance or financial services industry.
- AITI Chartered Tax Advisers (CTAs)
- ACIIs/FCIIs
- Actuaries
- Member of a Professional accountancy bodies (ICAI, ACCA, CIMA, ICPAI)
- Solicitors and barristers
In order to obtain the FPRA designation students must hold an active QFA designation and LIA membership.
Your application form will be reviewed to ensure you are eligible to complete this course. Payment will not be required until after you have been accepted to the course.
Who is this course for?
This course is aimed at the following:
Current financial advisers seeking career advancement
Consultants, Accountants, Solicitors, Actuaries and tax specialists seeking to advance their knowledge and expertise in Risk Management and Insurance Planning.
Key Information