UK Financial Services & Risks

Overview

The UK Financial Services & Risks course, offered by Financial Regulation Courses (FRC), explores the intricacies of the UK financial system, focusing on the financial needs and risks faced by consumers.
The course covers personal finance management, financial planning, and the broader financial services landscape, including credit finance, pensions, estate planning, and insurance.
Learners will gain insights into the risks associated with financial services, such as market volatility, inflation, and interest rate changes, as well as the importance of professional conduct and ethical practices in mitigating these risks.

Learning Objectives

By the end of this course, learners will:

• Understand the financial risks and priorities of UK consumers, including debt accumulation and financial planning for major life events.


• Learn the role of professional financial advice in helping consumers manage financial risks.


• Explore the different types of financial services, such as insurance, pensions, savings, and credit finance, and how they meet consumer needs.


• Analyse personal budgeting techniques and financial planning strategies for managing income, debt, and provisions for dependants.


• Gain insights into state benefits and the role they play in supporting individuals during unemployment, incapacity, or retirement.


• Understand the professional and ethical standards required in the financial services industry to build trust and ensure consumer protection.

Learning Outcomes

Upon successful completion of the course, learners will:

• Demonstrate a comprehensive understanding of the UK financial services landscape and the risks associated with various financial products.


• Apply knowledge of financial planning techniques to help consumers manage risks, such as debt accumulation, lifestyle changes, and retirement planning.


• Evaluate financial advice options and apply them to support consumer financial needs in areas such as savings, investment, and estate planning.


• Identify and manage the financial risks associated with credit finance, mortgages, insurance, and pensions.


• Understand and implement ethical practices in the provision of financial services to ensure consumer protection and trust.