AF5007 - Personal Finance and Wealth Planning

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What will I learn on this module?

You will learn about personal finance and wealth planning with a view to understanding how different financial products can be used to satisfy different client needs and circumstances. You will learn about client appraisal; personal taxation (to include income tax, capital gains tax and inheritance tax); building an investment portfolio; mortgage finance; the handling of personal debt; insurance planning; retirement planning and estate planning in the financial planning process.

How will I learn on this module?

You will learn about personal finance and wealth planning through lectures (24 hours), seminars (12 hours), and directed and independent learning (164 hours). Through the lectures, you will gain an understanding of the basic knowledge input and subject material required to enable you to meet the module learning outcomes. The seminars are an opportunity for you to further develop understanding and knowledge by reinforcing the subject material and exploring relevant issues by preparing materials and case studies in advance of the session. In the seminar sessions, you are expected to work as an individual or as part of a group in which presentations and discussions will also be used to develop your skills of discussion, analysis and reflection.

Further, you will be undertaking both directed and independent learning. Directed learning may include a range of activities including pre-reading, preparation for seminar activity, and preparing for presentations. You will also be expected to undertake directed learning activities that will help you build the necessary resources to write the final assignment and prepare for a presentation to be given in week 12 of the module. Independent learning is learning in which you identify and pursue areas of interest or broader knowledge in personal finance and wealth planning, through a range of learning activities that will include reading, reflection and research.

How will I be supported academically on this module?

You will be supported by during small group seminars and tutorials via your tutors providing face-to-face feedback. In addition tutors will respond to your questions via the module’s discussion board at the University’s e-learning portal so that the whole group can benefit. All learning and teaching materials will be available through the e-learning module site. You will be invited to attend guest lectures from industry experts which will be provided to bring theory into practice. Further to this you will have extra support via lecture capture and us of an online reading list.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

What will I be expected to achieve?

Knowledge & Understanding:
• You will gain knowledge of how different personal financial products and be able to apply them to satisfy differing clients’ needs and circumstances (MLO1).

• Identify and assess different personal financial needs, products and their impact of personal taxation (MLO2).

Intellectual / Professional skills & abilities:
• Able to make reasoned recommendations as to the actions required and suitable products to meet the client needs (MLO3).

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• You will demonstrate an understanding of the current market situation while making reasoned and ethically sound recommendations (MLO4).

How will I be assessed?

You will be assessed by a combination of formative and summative assessment strategies.

Formative assessment will take place through group work, case study activity, assignment discussion and theory/practice related discussions. Directed learning activities will build resources use in the final assignment case study.

The summative assessment will assess the module learning outcomes through an individual presentation (40%) in week 12 (MLO3 and MLO4), and an individual 2500 words report (60%) on a client based scenario (MLO1 and MLO2).

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

‘Personal Finance and Wealth Planning’ will not only help you pass another module for your degree, this module will help you build relevant financial skills for life. You will learn about areas of finance that you may need to engage with as you progress through your life. You will learn about the lifetime financial planning process, how to save and build an effective investment portfolio, the impact of personal taxation, how to obtain a mortgage, how to manage debt, how to plan for retirement and even how to manage your estate. You will also learn how to address these issues through the eyes of a professional financial advisor, and the module builds to an assessment where you will prepare a financial plan for a client, based on a comprehensive case study and present this to them in the final week of the module.

Course info

UCAS Code N390

Credits 20

Level of Study Undergraduate

Mode of Study 3 years full-time or 4 years with a placement (sandwich)/study abroad

Department Newcastle Business School

Location City Campus, Northumbria University

City Newcastle

Start September 2020

Fee Information

Module Information

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