Overview

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.

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.

Qualification Awarded:

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.

Course Aims

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.
Important Dates

Next Exam Session:

Enrol Now

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.

Elizabeth O'Connor
Graduate Story

Elizabeth O'Connor

QFA
from €325 per module
Fees

Module Pricing

The registration fee for each module starts from €325* and includes examination entry, textbook, webinars as available, and access to our online student resource Your LIA, for study supports.

*See individual module details for individual module prices.

QFA

QFA

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.

Entry

Entry Requirements

All LIA courses are open to both school-leavers and graduates.

Prior Learning:

If under 23 must hold five Leaving Cert passes

LIA Membership: Required Join

Enrol Now
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 Financial Planning

  •  Analyse and appraise a clients’ financial needs and attitude to risk.
  • •Critically evaluate different financial products offerings and assess their relevance in structuring a financial portfolio that fulfils your clients’ needs.
  •  Make an investment recommendation for a client on the basis of having assessed their needs, attitude to risk and match these against product offerings.
  • Prepare a detailed client financial review with regard to their life stage, personal circumstances, needs and attitude to risk.
Examinations
  • Written paper
  • 2 hours duration
  • 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 question
  • 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

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