Chartered Financial Planner

APFS – Associate, Personal Finance Society

To achieve the Associateship grade, individuals would be required to have 6 AFPC (Diploma) units or equivalent. This shows a commitment to continuous professional development.

AF1 – Personal Tax and Trust Planning

This examination assesses the candidate to develop in-depth financial planning skills related to personal tax and trusts.

AF5 – Financial Planning Process

This examination assesses the candidate to develop an understanding of the financial planning process when giving advice to clients.

CF2 – Investment and Risk

This examination assesses a knowledge and understanding of investment products and the risks involved.

CF6 – Certificate in Mortgage Advice

This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, mortgage products, repayment options and the giving of mortgage advice.

G10 – Taxation and Trusts

This examination assessed a knowledge and understanding of the UK tax system, the law and practice of trusts, but also an ability to advise individual clients on the tax treatment of their investments and the use of trusts to meet their current and foreseeable future needs.

G60 – Pensions

This examination enhanced general pension knowledge, particularly in pension transfers and opt-out business.

H15 – Supervision and Sales

This examination assessed specialist supervisory knowledge and skills in the regulatory environment.

J01 – Personal Tax

At the end of this unit, candidates should be able to demonstrate an understanding of the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individual’s liability to UK tax.

J02 – Trusts

At the end of this unit, candidates should be able to demonstrate an understanding of the legal principles associated with the creation and management of a trust; main types of trusts that are common in the UK; taxation considerations relevant to trusts.

K10 – Retirement Options

This examination assessed knowledge and understanding of income generating options and applying the knowledge to retirement planning situations.

FPC – Financial Planning Certificate

BSc (Econ) Hons Degree