Part 1: Principles and Practice of Insurance

1.1 Risk Management
1.1.1 Introduction to Risk
1.1.2 Insurance
1.1.3 Risk Management Techniques

1.2 Functions and Benefits of Insurance
1.2.1 Application of Insurance
1.2.2 Legal Principles
1.2.3 Insurance Policy Provisions

1.3 Insurance Industry
1.3.1 Functions and Organization of Insurers
1.3.2 Pricing of Insurers

1.4 Insurance Regulation
1.4.1 Government Regulation
1.4.2 Self-Regulation
1.4.3 Ethical and Other Related Issues

Part 2: General Insurance

2.1 Personal Risk Management
2.1.1 Household Insurance
2.1.2 Motor Insurance
2.1.3 Personal Liability Insurance

2.2 Commercial Risk Management
2.2.1 Commercial Property Insurance
2.2.2 Commercial Liability Insurance
2.2.3 Theft Insurance

Part 3: Long-term and Health Insurance

3.1 Long-term Insurance
3.1.1 Introduction to Life Insurance
3.1.2 Types of Life Insurance
3.1.3 Life Policy Provisions
3.1.4 Applications of Life Insurance
3.1.5 Business Continuation
3.1.6 Estate Planning’
3.1.7 Retirement Planning and Annuities

4.1 Health Insurance
4.1.1 Health Insurance
4.1.2 Disability Insurance

1. Investment environment and instruments
   1.1 Financial markets and market structure
   1.2 Financial instruments
   1.3 Security market indexes
   1.4 London stock market
   1.5 Financial institutions and mutual fund

2. Investment diversification concepts
   2.1 Measures of returns
   2.2 Measures of risks
   2.3 Diversification
   2.4 Markowitz portfolio theory
   2.5 Capital assets pricing model
   2.6 Efficient market hypothesis

3. Valuation of equity investments
   3.1 Fundamental analysis
   3.2 Dividend discount model
   3.3 Earning model
   3.4 Technical analysis

4. Valuation of fixed-income investments
   4.1 Bonds features
   4.2 Bond pricing and yields
   4.3 Bond interest rates and risks

5. Valuation of derivation securities
   5.1 Forward contracts and futures
   5.2 Call and put options
   5.3 Valuation of options
   5.4 Arbitrage using options

6. Portfolio management measures and investment process
   6.1 Measuring portfolio returns
   6.2 Performance attribution
   6.3 Performance evaluation
   6.4 International diversification
   6.5 Investors and the investment process

1. Introduction to the UK taxation system
   1.1 Administrative structure
   1.2 Assessment
   1.3 Appeal
   1.4 Collection
   1.5 Pay As You Earn (PAYE)

2. Income Tax
   2.1 Computation of the tax liability of individuals
   2.2 The taxation of husbands and wives
   2.3 Business profits and losses of sole traders and partnerships
   2.4 Treatment of capital allowances
   2.5 Treatment of earnings and business profits for national insurance

3. Capital Gains Tax
   3.1 Computations of gains and losses including shares and securities
   3.2 Reliefs and exemptions

4. Corporation Tax
   4.1 Profits chargeable
   4.2 Calculation of mainstream Corporation Tax
   4.3 Treatment of small companies

5. International Tax Planning
   5.1 Elements of International Tax Planning
   5.2 Treaty Shopping

1. Introduction
   1.1 Background and General Principles
   1.2 What is a Financial Planner
   1.3 How Financial Planners get paid
   1.4 Ethical and professional considerations in financial planning

2. Law
   2.1 Accepting a fiduciary role
   2.2 Conflict of interest
   2.3 Professional liability
   2.4 Central records and opening administration

3. Building a Financial Planning Practice
   3.1 Clients
   3.2 Bringing in clients
   3.3 Meeting client’s need
   3.4 Providing Due Diligence

4. Documentation for financial planning practice
   4.1 Engagement letter
   4.2 Checklist for new clients
   4.3 Permanent file
   4.4 Working file
   4.5 Register of documents

5. The outline of process of financial planning
   5.1 Establishing client-planner relationship
   5.2 Determining objectives and expectations
   5.3 Collecting clients data
   5.4 Determining the client’s current financial status
   5.5 Developing the financial plan
   5.6 Presenting the financial plan
   5.7 Implementing the financial plan
   5.8 Monitoring the financial plan