He became passionate about financial planning during his Research career and is ready to take the first step into this profession. I am also on the investment committee which meets quarterly and as a paraplanner I play a role in the research process, determining which funds meet our criteria to be considered in our model portfolios. Personal tax computations are not too difficult but NI requires going over a few times given the difference that contracting in and out can make, and the tax implications for employers and employees differ. Would you recommend paraplanning to others as a career? As with all the exams, revision should still be treated seriously. Their community has grown because advisers and paraplanners see the benefits it adds and believe that their voice is being heard.
However on a non-technical level, there are important differences. Perhaps others will find this list helpful who are also on this path. I used Brand Financial Training and was very happy with the output. Working to get this exam passed tested my resolve but also made me more sure than ever that this path was what I wanted, and I got there in the end. Unsurprisingly, the book is almost as long as R02, despite being worth only half the credits, and also includes formulae and calculations. Adam is a 28 year old professional… formerly working in market research with entrepreneurial experience running his own web publishing business.
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R04 — Pensions and retirement planning Another 10 credit module, this exam tests knowledge and understanding of and ability to analyse pension and retirement planning issues. However being only a few months into my new role in a financial planning firm, my employer felt it would best to continue getting settled into the business and pick up more real-world financial planning knowledge that would help achieve a more convincing R06 pass in the next sitting.
| Diploma in Regulated Financial Planning Achieved
Adviser Letter of the WeekParaplanning. As with all the exams, revision should still be treated seriously. I left the exam with a smile on octobdr face which is always a good sign, and I was thankful for the pass which concluded my journey to Diploma level.
On reflection I went in for the resit too soon, without giving myself time to review the module content again to fix the octboer in my understanding. I missed it, but only just. R04 — Pensions and retirement planning Another 10 credit module, this exam octover knowledge and understanding of and ability to analyse pension and retirement planning issues.
I was new to financial services when I began reading the text book, and treated the exam as a big quiz. This module is to develop knowledge and understanding of investment products and the application of the investment advice process.
AF5 — The Big Tent
Thankfully in R05 there is only one correct answer for each question and this made the exam seem like a breeze. Allow at least 2 months of evenings to study.
After the full-on R02 and R03 experiences, this module seemed much easier, and the textbook was an interesting read, too. Will you join me? R06 — Financial Planning The first 5 R0 exams are computer based, selecting answers on a screen with your mouse.
Be sure to join the discussion by leaving a comment below this post. Learning Outcomes There are 4 learning outcomes for the module: Related Stories Plain English Finance: Their community has grown because advisers and paraplanners see the benefits it adds and believe that their voice is being heard.
News & Views
There are 34 pages of expert analysis for case study 1 and also 31 pages for case study 2, as stjdy as 15 pages of generic information on questions that may be asked. March edited March I left the exam with a smile on my face which is always a good sign, and I was thankful for the pass which concluded my journey to Diploma level.
At first glance the textbook is intimidating, as it has quite a few formulae and mathematical concepts to get your head around. I was worried about leaving it too long and forgetting all the facts I had built up in my short-term memory. I gave myself a month off in July, and then oxtober in August and September before feeling ready to give the exam a go.
I plan on sitting the exam for the April sitting so today is a good day to get serious sutdy learning the content and preparing for the exam.
Writing in quick bullet points is the only way to get as many marks as possible in this exam, which despite being 3 hours, is tight for time.
I bought the basic analysis from John at Expert Pensions was too late for the structured study plan. This is the exam that took me off course for getting the Diploma within a year, which was my original time-scale. stidy
You also need your planner ovtober understand YOU; to know the most appropriate solution for your circumstances; to really understand your goals; and ensure the strategy recommended will allow you to sleep well at night. This module is deceptively difficult.
The CII recommends the modules are done in order because they build on one another. April soon came around and I felt ready, having learnt that exam technique is important as well as knowledge to get the all important atudy. Want to connect with us? Writing in quick bullet points is the only way to get as many marks as possible in this exam, which despite being 3 hours, is tight for time.