BMM5035 - Personal Finance and Wealth Management

Objectives:

Assessment tasks are designed to enable students to demonstrate the Learning and Employability outcomes for the relevant level of study. Level Learning Outcomes are embedded in the assessment task(s) at that level. This enables a more integrated view of overall student performance at each level.

Content:

This module is designed to provide students with a thorough grounding in personal finance and wealth planning, focusing on practical applications and the development of financial plans. The content includes:

The financial planning process and the role of a financial advisor, emphasising the importance of understanding client needs, risk preferences and regulatory considerations. Students will explore personal taxation, covering income tax, capital gains tax and inheritance tax. Tax planning techniques will be applied to optimise client outcomes and ensure compliance with current legislation.

The module introduces investment strategies, including cash-based financial products, equities and collective investment schemes. This section focuses on mapping client needs and preferences to appropriate risk-return products, ensuring alignment with individual objectives and life stages.

Debt management, including advice on personal credit products and strategies for addressing financial difficulties, is a critical aspect of the module. Students will also explore mortgage financing, assessing affordability and options for first-time buyers and buy-to-let investments.

The module covers retirement planning, distinguishing between defined benefit and defined contribution pensions, as well as the implications of the 2015 pension freedoms. Students will evaluate retirement funding strategies and alternatives to traditional annuities.

Estate planning emphasises the importance of wills, intestacy rules and strategies to minimise inheritance tax. Risk management through insurance planning is also addressed, identifying when life assurance and other protection products are suitable for client circumstances.

Learning and Teaching Information:

Lectures
Hours: 20
Intended Group Size: Cohort

Workshops
Hours: 10
Intended Group Size: Cohort

Guided independent study
Hours: 120

Further Details Relating to Assessment

Case Study Report: the assessment requires students to act as a financial adviser, creating a comprehensive and professional client report based on a case study scenario.

Feedback will be provided through detailed annotations and a written summary, emphasising areas of strength and opportunities for improvement.

Formative feedback on module activities will be present throughout the module.

Full details are contained within the Module Handbook.

Assessment:

Fact File

Module Coordinator - PRS_CODE=
Level - 5
Credit Value - 15
Pre-Requisites - NONE
Semester(s) Offered -

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