QFA Regulation case studies
QFA Regulation · Put your knowledge to work in context.
The QFA - Certificate in Professional Financial Advice - is a professional qualification for people working in, or moving into, Irish financial advice. It is offered by LIA, which describes itself as the educational and professional association for individuals working in the financial services industry, and it sits alongside LIA's other professional qualifications such as the APA designations, the CUC/CUG/CUA and the PTP. The QFA Regulation case studies are 5 cases and about 4,430 words.
1The inhaler that never made it onto the form
Declan's mother Mary, 58, applied for a €300,000, 22-year level term policy to cover a new mortgage. The quoted premium was €48 a month.
883 words, about 4 min2Nineteen months of unused tax-free cash
Fiona, 63, is a self-employed consultant. She has a buy-out bond of €620,000 from a former employer's scheme and €330,000 in an executive pension with her own company - €950,000 in total.
908 words, about 5 min3Two hundred and sixty thousand euro and a 60% barrier
Joan, 71, is a widow with a State pension of €14,900 a year and savings of €260,000: €100,000 on deposit with Bank A, €80,000 with Bank B (both paying 2.4% gross), €60,000 in a euro-equity fund bought in 2019, and €20,000 in a current account. She needs about €9,000 a year on top of her pension.
862 words, about 4 min4The storm, the shed and the wrong 'no'
Aoife's house was damaged in a storm: slates off the roof, water into the attic, €14,000 of repairs. Her household policy, bought online 11 months ago for €430 after a 20% web discount, shows a buildings sum insured of €280,000.
834 words, about 4 min5A company is not a consumer
Kestrel Engineering Ltd (12 employees, €2.1m turnover) renewed its commercial combined policy on 1 February for €11,400. The proposal was completed by the broker from answers given by the financial controller over the phone.
943 words, about 5 min