CII
Level 3
QN: 600/1143/9
Curriculum Active
CII Level 3 Certificate in Equity Release
Official qualification regulated by Ofqual, awarded by CII. Classified as a Vocationally-Related Qualification.
Qualification Level
Level 3
Awarding Body
CII
Syllabus Units
4 Units
Guided Hours
Flexible
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Equity release
Verified
Key Learning Objectives:
- Know the definition of equity release, home reversion plans, lifetime mortgages and alternative methods of equity release / capital raising.
- Understand the principles of equity release, the types of equity release schemes available and the circumstances for which such schemes might be appropriate.
- Understand the types of consumer at whom equity release is targeted and their personal requirements, wants and needs.
- Understand the circumstances in which equity release may be appropriate and how these are influenced by consumers’ preferences and financial needs.
- Understand the impact on consumers’ future options.
- Understand the key features, relative advantages and disadvantages of different types of equity release arrangements and principal alternatives.
- Understand the rules relating to State benefits and taxation, the sources of information and specialist advice regarding the implications on these of entering into an equity release arrangement.
- Analyse the suitability and affordability of the different types of equity release plans and their principal alternatives for different types of consumer.
- Assess the advantages, disadvantages and potential risks to consumers associated with taking out equity release and when these might arise.
- Assess the relative levels of risk for different consumers taking account of their individual circumstances.
- Apply suitable equity release solutions to the circumstances of different types of consumer.
2
Financial services, regulation and ethics
Verified
Key Learning Objectives:
- Understand the UK financial services industry in its European and global context.
- Understand how the retail consumer is served by the financial services industry.
- Understand legal concepts and considerations relevant to financial advice.
- Understand the regulation of financial services.
- Understand the financial regulators' responsibilities and approach to regulation.
- Apply the principles and rules as set out in the regulatory frame
- Apply the regulatory advice frame
- work in practice for the consumer.
- Understand the range of skills required when advising clients.
- Understand the financial regulators' use of principles and outcomes based regulation to promote ethical and fair outcomes.
- Apply the Code of Ethics and professional standards to business behaviours of individuals.
- Critically evaluate the outcomes that distinguish between ethical and compliance driven behaviours.
3
Mortgage advice
Verified
Key Learning Objectives:
- Understand the rules relating to the regulation of mortgages according to the Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB).
- Understand the ho
- use-buying process, the key parties involved and their roles.
- Understand the different forms of valuation and survey, the factors that affect property values, and the implications for consumers and mortgage lenders.
- Understand the common types of borrower and how their main mortgage-related requirements may differ, what factors may disqualify people from borrowing and the purpose of additional security including that of guarantors.
- Understand the economic context for giving mortgage advice.
- Understand the role of a mortgage adviser and the importance and principles of providing advice, including the key factors affecting the advice given
- Understand the fees and charges involved in property transactions, including purchase / sale, remortgage, further advance and equity release.
- Understand the main features of mortgage related protection products, their uses and lenders’ requirements.
- Understand the principles, procedures and legal implications associated with raising additional money and transferring mortgages.
- Understand the risks associated with debt consolidation for the consumer and the implications for mortgage lenders.
- Understand the implications, rights and remedies for the borrower and the lender of non-payment of the mortgage and associated products.
- Understand the main provisions made by the State to assist homeowners and homebuyers.
- Understand the main requirements of the legislation affecting homeownership, tenure and mortgage finance.
- Understand the key features and structure of mortgage products and their interest rate options.
- Understand the key features of the different types of mortgage capital and interest repayment options.
- Analyse consumers’ circumstances and recommend appropriate mortgage solutions to specific consumers’ circumstances.
4
UK financial services, regulation and ethics
Verified
Key Learning Objectives:
- Understand the purpose and structure of the UK financial services industry.
- Understand the main financial asset classes and their characteristics, covering past performance, risk and return.
- Understand the main financial services product types and their functions.
- Understand the purpose of the main areas of financial advice.
- Understand the process of giving financial advice, including the importance of regular reviews of the consumer’s circumstances
- Understand the legal concepts relevant in financial advice.
- Understand the UK taxation and social security systems and how they affect personal financial circumstances
- Understand the impact of inflation, interest rate volatility and other relevant socio-economic factors on personal financial plans.
- Understand the main aims and activities of the financial services regulatory regime and its approach to ethical conduct by firms and individuals.
- Understand the FCA’s approach to regulating firms and individuals
- Understand the effect of the FCA’s rules on the control structures of firms and their relationship with the FCA.
- Understand how the FCA’s Conduct of Business rules apply to the process of advising clients
- Understand how the Anti-Money Laundering rules apply to dealings with private and intermediate clients
- Understand the rules for dealing with complaints and compensation
- Understand how the Access to Medical Reports Act 1988 and the Data Protection Act 1998 affects the provision of financial advice and the conduct of firms generally.
- Understand the relevance of other non-tax laws and regulations to firms and to the process of advising clients.
Regulatory & Verification Details
- Qualification Number (QN)
- 600/1143/9
- Regulated Status
- Available to learners
- Awarding Body
- CII
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Apr 2011