Overview

Why the APAS & CUA

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.

Course Aims

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.
Important Dates

Next Exam Session:

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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.

Donna Levins
Graduate Story

Donna Levins

APAS & CUA

APAS & CUA

APA designations are stepping stones, as well as incremental credentials that meet MCC, on your way to the full QFA designation, joining over 20,000 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
Entry

Entry Requirements

*The minimum entry requirements to the APA/CUA Programme are as follows:

– Five passes in the Leaving Certificate, including English and Mathematics
– Five O Level or GCSE passes, including English Language and Mathematics.

LIA will also consider applications on a mature candidate basis from applicants who are 23 years of age before the date of their application for admission to the programme.
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Modules

Course Modules

QFA Regulation

  • 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: 5th January 2019 Close Off Date: N/A Module Cost: €325

QFA Investment

  • 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: 12th January 2019 Close Off Date: N/A Module Cost: €325

QFA Pensions

  • 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: 12th January 2019 Close Off Date: N/A Module Cost: €325

QFA Life Assurance

  • 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: 19th January 2019 Close Off Date: N/A Module Cost: €325

QFA Loans

  • 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: 19th January 2019 Close Off Date: N/A Module Cost: €325

Credit Union Practices

  • 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: 5th January 2019 Close Off Date: N/A Module Cost: €325

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