QFA Financial Advice case studies
QFA Financial Advice · Put your knowledge to work in context.
The QFA Certificate in Professional Financial Advice is a professional qualification offered by LIA, an educational and professional association for individuals working in the financial services industry. LIA describes itself as the Centre of Excellence for the Education and Development of Finance Professionals, and its courses are offered in partnership with Atlantic Technological University Sligo, ranging from Level 7 to Level 9 on the National Framework of Qualifications. The QFA Financial Advice case studies are 5 cases and about 2,663 words.
1The Terminally Ill Life Policy Assignee
Dermot, aged 61, holds a unit-linked whole-of-life policy with a death benefit of €250,000. He has named his adult daughter Aoife as sole beneficiary.
540 words, about 3 min2The Small Self-Administered Scheme and a Connected-Party Loan
Ronan is the sole trustee and a member of a small self-administered pension scheme (SSAS) with two other member-directors of a family construction company. Scheme assets are €1.8m, of which €900,000 is invested in a commercial unit leased back to the company at market rent.
551 words, about 3 min3The Mortgage Protection Shortfall on a Top-Up
Aoibheann and Ciarán bought a house three years ago with a €320,000 mortgage over 30 years and a decreasing term mortgage protection policy of €320,000. They have now applied for a top-up of €80,000 to fund an extension, bringing the total loan to €400,000 over a remaining 27 years.
525 words, about 3 min4The Debt Management Firm and the Upfront Fee
Marcus runs a debt management company. A new client, Teresa, has €42,000 across four credit cards and a credit union loan, and is struggling to meet minimum payments.
528 words, about 3 min5The Credit Union Loan Beyond the Common Bond
A credit union with assets of €25m has a common bond covering a single large employer and its families. A long-standing member, Padraig, has an existing €30,000 loan and now requests a further €25,000 to consolidate a credit card and a moneylender loan at 187% APR.
519 words, about 3 min