GRADUATE DIPLOMA IN FINANCIAL PLANNING

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1 School of Professional Finance THE SCHOOL OF PROFESSIONAL FINANCE GRADUATE DIPLOMA IN FINANCIAL PLANNING Gateway to the Prestigious International Designation Certified Financial Planner professional The Institute of Bankers in Ireland A RECOGNISED COLLEGE OF UNIVERSITY COLLEGE DUBLIN School of Professional Finance

2 Graduate Diploma in Financial Planning Planner professional as being knowledgeable, competent, ethical and professional to the highest global standards. At present there The Graduate Diploma in Financial Planning is a highly regarded postgraduate qualification aimed at those who wish to develop their financial planning knowledge and skills to the highest are 147,800 CFP professionals in 24 countries around the world (148 of whom are in Ireland) and this number is expected to continue growing at a steady pace. international standards. This is a joint initiative of the Institute of Bankers in Ireland, LIA and the Irish Tax Institute and is delivered by the Institute of Bankers School of Professional Finance. The Institute of Bankers in Ireland is a recognised college of University College Dublin. Requirements for becoming a Certified Financial Planner professional Financial Planning Standards Board Ireland (FPSB Ireland) requires that a candidate who wishes to become a Certified Financial Planner professional in the Republic of Ireland must, inter alia, The six modules on this programme are specifically designed to provide financial planners with the knowledge and understanding of the applicable regulatory requirements, the mechanisms and purpose of the main investment products and the ability to satisfy their individual clients financial planning and investment portfolio needs. This programme seeks to deepen candidates technical knowledge of areas such as asset, finance and risk management and provide the tools to develop effective mutually beneficial client relationships. Programme Outcomes On successful completion of the Graduate Diploma in Financial Planning candidates will be able to: Hold both the Qualified Financial Adviser (QFA) designation and the Graduate Diploma in Financial Planning; Have successfully completed the certification examination of FPSB Ireland; Have met the three-year experience requirement in Financial Planning as set out by FPSB Ireland; Accept the Continuing Obligations for certification; Commit to the ethics and standards required of CFP professionals. Programme Structure The Graduate Diploma in Financial Planning is an 18 month Employ the constituent disciplines underpinning financial planning, including investments, pensions, taxation and estate planning; Apply the analytical, problem solving and decision making skills programme consisting of six modules, delivered over three semesters. For the academic year , commencing in September 2013, it is planned (subject to demand) to offer the programme in two locations: required to undertake complex and comprehensive financial planning; Evaluate economic, financial and other relevant data to create integrated financial plans; Integrate a deep understanding of professional values and Dublin (IFSC), evenings - with lectures taking place on two evenings per week Portlaoise, day - with lectures taking place all day (10am - 5pm) every Monday ethical issues with excellence in financial planning execution. Subject to operational constraints and academic requirements, As well as being an educational award in its own right, the Graduate Diploma in Financial Planning also acts as a gateway to the prestigious international designation Certified Financial Planner. Gateway to Prestigious International Designation Certified Financial Planner professional candidates may opt to take either one or two modules each semester. Candidates commencing in September 2013 (and taking two modules per semester) may, therefore, expect to complete the Diploma in January Successful candidates who wish to proceed to CFP certification will then have to meet the requirements laid down by FPSB Ireland, which include a final certification examination. CFP certification is the world s most widely respected financial planning designation and it marks the individual Certified Financial CFP, CERTIFIED FINANCIAL PLANNER and are trademarks owned outside the United States by Financial Planning Standards Board Ltd. Financial Planning Standards Board Ireland Limited is the mark s licensing authority for the CFP Marks in the Republic of Ireland, through agreement with FPSB. For further information on CFP certification, visit 2

3 Year 1 Term 1 (September 2013 to December 2013) Principles and Ethics of Personal Financial Planning Tax and Estate Planning Term 2 (February 2014 to May 2014) Retirement Planning Asset Management Year 2 Term 3 (September 2014 to December 2014) Financial and Risk Management Integrated Personal Financial Planning Module Overview Principles and Ethics of Personal Financial Planning Economic Concepts; Legal Concepts including Contract Company and Partnership Law; Time Value of Money Concepts and Calculations; Financial Planning Process; Regulatory and Ethical Environment; Assessment of Risk Tolerance; Soft Skills. Financial and Risk Management Personal Financial Ratios; Financing Strategies; Cash Flow Management; Financial Statements; Business Financial Statements; Personal Protection Needs; Temporary Insurance; Whole of Life Assurances; Serious Illness Insurance; State Ill Health Benefits; Savings and Investment Policies; Taxation of Policy Benefits; Legal Issues Regarding Life Insurance. Integrated Personal Financial Planning Fact-finding; Use of Financial Mathematics and Spreadsheets in Financial Planning; Segmented Financial Planning for Special Circumstances; Comprehensive Financial Planning; Multi-disciplinary Case Studies. Before registering for the Integrated Personal Financial Planning module candidates must have: 1. Successfully completed the four Year 1 modules and 2. Be currently registered for/have completed the Financial and Risk Management module Tax and Estate Planning Income Tax; Capital Gains Tax; Capital Acquisitions Tax (including taxation of gifts and inheritances); Succession and Estate Planning; Philanthropy; Fundamentals of Corporation Tax and Stamp Duty; International Issues. Retirement Planning Need for Retirement Provision; State Pensions; Personal Retirement Provision; Employer/Employee Pensions Schemes; Retirement Benefit Arrangements; Pension Fund Limits; Pension Fund Investment; Investment Restrictions; Marriage Breakdown and Pensions Adjustment Orders (PAO); Regulation of Pensions Arrangements; Other Employee Benefits; Fact-finding for Retirement Planning; Retirement Planning; Case Studies. Asset Management Role of Investment; Asset Classes; Investor Types; Investment Structures and Markets; Market Equilibrium; Fundamental Market Value; Derivatives; Efficient Markets; Risks - Types and Measurement; Modern Portfolio Theory; Behavioural Finance; Portfolio Management; Property Management; Alternative and Socially Responsible Investing; Portfolio Construction; Investment Management and Measurement. Who Should Undertake this Programme? This Graduate Diploma is ideal for Qualified Financial Advisers (QFAs), AITI Chartered Tax Advisers (CTAs), Accountants, Business Graduates and other professionals who wish to enhance their knowledge and skills to postgraduate level. It will help candidates develop careers as professionals providing complex and wide ranging financial planning for their clients. Location The Graduate Diploma in Financial Planning is delivered by lectures in Dublin city centre and Portlaoise (subject to demand). Entry Requirements For entry to the programme candidates must have one of the following: Relevant Honours Business Degree, or Equivalent Relevant Professional Qualification (e.g. Qualified Financial Adviser (QFA) with three years relevant work experience, AITI Chartered Tax Advisers (CTAs), Accountants, Solicitors and Barristers) For holders of the QFA Designation, the three years relevant experience must have been obtained in the banking and financial services industry. Candidates should have a basic working knowledge of Microsoft Excel before commencing the programme. 3

4 Exemptions Holders of the AITI Chartered Tax Adviser (CTA) qualification are eligible to apply for an exemption from the Tax and Estate Planning module. If you wish to apply for this exemption, please indicate accordingly on the application form. (An administration fee of 55 is payable in respect of processing any exemption applications). Exemptions for Holders of Graduate Diploma Holders of the Graduate Diploma in Financial Planning will, on application, receive exemptions from the following modules from the Professional Diploma in Financial Advice: Investment, Life Assurance, Pensions and Financial Planning. Application Process Early applications are encouraged. An application form may be downloaded from the websites of the Institute of Bankers in Ireland ( LIA ( or the Irish Tax Institute ( The closing date for applications is Friday, 2rd August Late applications will be considered if places are still available. Further Information Further information may also be requested from the following: Assessment Candidates are assessed by a combination of examinations and continuous assessment, based on assignments and case studies. Fees 1,100 per module, payable at the beginning of each semester. Tax relief may be available to candidates who are paying the programme fees in an individual capacity, further information on the tax relief is available at Dr. Gerry Grenham Head of Postgraduate Programmes School of Professional Finance, The Institute of Bankers in Ireland, 1 North Wall Quay, IFSC, Dublin 1. Telephone: gerry.grenham@bankers.ie Professional Body Membership You must be a member, or become a member of the Institute of Bankers in Ireland, the LIA or the Irish Tax Institute to undertake this programme. Award Those who successfully complete this programme are awarded the Graduate Diploma in Financial Planning by UCD. This is a postgraduate qualification included on the National Framework of Qualifications at level 9 and carries 60 ECTS credits. Emma Hill LIA, 183 Kimmage Road West, Dublin 12. Telephone: emma.hill@lia.ie Grace McRandal Senior Manager of Professional Education Irish Tax Institute Longboat Quay, Grand Canal Harbour, Dublin 2 Telephone (Direct): gmcrandal@taxinstitute.ie 4

5 Student Testimonials Marie Bradley, Bradley Tax Consulting Pension planning and personal financial planning form a big part of my work, and I decided to undertake the Graduate Diploma in Financial Planning to improve my knowledge and skills in this area. I really enjoyed using the skills acquired to complete case studies - the facts of which were based on real life scenarios - which have relevance to my day to day role. I also benefitted from completing class assignments on issues relevant to the current global economic environment. As a tax adviser my service offering has been enhanced arising from the knowledge acquired by participating in the programme. Declan Kelly, AIB Bank Participation and completion of the Graduate Diploma in Financial Planning has been a very positive experience for me over the past two years, both from a professional and personal point of view. Being involved in the programme was a great opportunity to step back from my daily role and it afforded me the chance to look at my own job role in a fresh way. The programme, while challenging in many respects, was extremely worthwhile as it has improved my overall technical capability in dealing with clients. It has offered me the opportunity to think differently and it has enhanced my ability to bring more value to all interactions that I have with clients. Completion of the programme has also allowed me to sit the Certified Financial Planning exam and to become a Certified Financial Planner professional. I would have no hesitation in recommending this programme to others. Liam Mc Grory, Omac Life & Pensions Ltd I undertook the Graduate Diploma in Financial Planning to increase my knowledge and understanding of personal financial planning and to be in a better position to offer a more detailed service to clients. The modules are very relevant and I enjoyed attending lectures, working in project groups, researching product design and construction and working on case studies. This programme has provided me with the professional skill set to provide clients with the best possible service and the confidence to deliver that service in a structured manner. I would recommend this programme to anyone who provides, or would like to provide a holistic personal financial planning service to clients. 5

6 The Institute of Bankers in Ireland A RECOGNISED COLLEGE OF UNIVERSITY COLLEGE DUBLIN Founded in 1898, The Institute of Bankers in Ireland is the professional education body for bankers and financial services practitioners on the island of Ireland. The Institute is one of the oldest and most respected banking institutes in the world with over 33,000 members. The Institute of Bankers in Ireland is a recognised college of University College Dublin. The Institute of Bankers in Ireland (a company limited by guarantee and not having a share capital) Registered Office: 1 North Wall Quay, Dublin 1. Registered Number: LIA is the professional education and development association for those who work in all areas of the Financial Services industry. With just under 10,000 members LIA s mission is to enhance the knowledge, competence and skills of our members and students who work in all areas of the Financial Services industry. This translates into assisting our members and students in the following three distinct ways: 1. Attaining educational qualifications and resulting MCC (Minimum Competency Code) accreditations (i.e. designations) through our various educational courses in other words, their licence to provide financial advice 2. Retaining their designations by keeping up to date with legislative, regulatory and industry changes - through our annual Regional and National face-to-face CPD seminars and our online CPD facility, MyCPD 3. Developing themselves personally and professionally through our NON MCC courses, our Regional and National NON CPD seminars and workshops, and regular relevant articles published on our website and in our quarterly journal, The Professional The Irish Tax Institute is the leading representative and educational body for Ireland s AITI Chartered Tax Advisers (CTA) and is the only professional body exclusively dedicated to tax. Its members provide tax expertise to thousands of businesses, multinationals and individuals in Ireland and internationally. In addition many hold senior roles within professional service firms, global companies, Government, Revenue and state bodies. The Institute is the leading provider of tax qualifications in Ireland, educating the finest minds in tax and business for over thirty years. The AITI Chartered Tax Adviser (CTA) qualification is the gold standard in tax education and the international mark of excellence in tax advice. A respected body on tax policy and administration, the Institute engages at the most senior levels across Government, business and state organisations. Representing the views and expertise of its members, this plays an important role in the fiscal and tax administrative discussions and decisions in Ireland and in the EU. 6

7 Graduate Diploma in Financial Planning Application Form 2013/2014 Page 1 of 4 PERSONAL DETAILS (all fields must be completed) Please indicate if you are a current/previous member of LIA Institute of Bankers in Ireland Irish Tax Institute Membership Number (if a current/previous member of LIA) Surname First Name Date of Birth (dd/mm/yy) / / Title Mr Mrs Ms Mobile Phone Number* Address* *The School of Professional Finance will send you alerts when new correspondence is posted to your online Student Centre Work DETAILS Employer Name Department Staff Number Address County Postcode Work Phone Number Home DETAILS Address County Postcode

8 Page 2 of 4 Module REGISTRATION/EXEMPTION Module Semester Exemption Registration 55 per module 1,100 per module Principles and Ethics of Personal Financial Planning 1 Tax and Estate Planning 1 Retirement Planning 2* Asset Management 2* Financial and Risk Management 3* Integrated Personal Financial Planning 3* *The Registration Form for Semester 2 and Semester 3 will be sent to students in January 2014 and September 2014 respectively Lecture Location The Graduate Diploma in Financial Planning will be offered in Dublin, with lectures taking place on two evenings per week, and Portlaoise, with lectures taking place every Monday (10am - 5pm), subject to demand. Please select from the choices below Dublin Portlaoise Entry Requirements Tick the box(es) applicable to the qualification you hold: Honours Business Graduate QFA with three years relevant work experience** AITI qualified Registered Tax Consultants ACIIs/FCIIs Solicitors and Barristers Member of a Professional Accountancy Body (ICAI, ACCA, CIMA, ICPA) Those applying with Entry Requirements other than QFA or the Bachelor of Financial Services must provide an original (a photocopy will not be sufficient) academic transcript **Candidates seeking entry to the programme on the basis of the QFA must complete the Declaration of Work Experience form RÉSUMÉ Please include with this application a résumé containing a detailed description of your current position and responsibilities, and if relevant previous position(s). Referees Please give the name and contact details of two professional/academic referees who may be contacted by the School of Professional Finance in support of your application. (These referees will not be contacted without your prior consent). Name Address Phone Name Address Phone

9 Page 3 of 4 Where did you hear about this programme? Newspaper/Magazine Ad Poster Online Word of Mouth Other Programme Fees Upon successful acceptance onto the programme, fees will be requested in due course. Programme registration fees are 1,100 per module. Fees are nonrefundable and nontransferable. Closing Date Closing Dates for receipt of relevant fees for each semester are: Semester 1 Friday, 2nd August Applications received after this date will be considered on a first-come, first-served basis. Semester 2 January 2014 Semester 3 September 2014 Checklist Please use this as a reference guide to ensure that you have fulfilled all the necessary requirements to apply for the Graduate Diploma in Financial Planning Fully completed application/registration form Résumé Official Results Transcripts (except for those who hold the QFA Designation or Bachelor of Financial Services Degree) Declaration of Work Experience form (for those seeking entry to the programme on the basis of the QFA) Declaration I wish to register for the course, lectures and examination(s) (at the venue) selected above. I have read and understood the terms and conditions for registration on this course (as set on and LIA s general Terms and Conditions (available on or by post on request) and I agree to be bound by these terms and conditions. I consent to LIA processing, holding and disclosing my personal data as per LIA s Fair Processing Statement (available on or by post on request), which may change from time to time based on legal or regulatory requirements. I wish to be kept informed of other LIA products, services and related activities. Signature Date

10 Page 4 of 4 Declaration of Work Experience FORM FOR QFAs Employer Position Start Date End Date Description of Duties Please outline the nature of your main duties in this role Employer Position Start Date End Date Description of Duties Please outline the nature of your main duties in this role Employer Position Start Date End Date Description of Duties Please outline the nature of your main duties in this role Employer Position Start Date End Date Description of Duties Please outline the nature of your main duties in this role Signature of Employer Date