The LP2 (Financial Services products and solutions) exam forms the second part of the Certificate in Financial Services. It is a level 3 paper, worth 20 credits toward the qualification.
The LP2 (Financial Services products and solutions) exam forms the second part of the Certificate in Financial Services. It is a level 3 paper, worth 20 credits toward the qualification.
The exam itself is a 2-hour computer-based multiple-choice exam. There are 75 multiple-choice questions. It can be taken at test centres throughout the country. As the exam is computer-based, you can sit it on a date of your choosing throughout the year providing more flexibility to accommodate your studies.
The nominal pass mark is 70% and as this is a computer-based test rather than a written test it is unlikely that there will be much deviation from this unless a question is subsequently found to be invalid. So, in terms of the mark needed to pass, you are looking at a minimum of 53/75.
Please note that whilst we recommend you study each module week to week, the full learning programme is released to you upon purchase. This allows you to learn at your own pace.
Learning Outcome 1
Understand protection, investment and pensions needs and the factors that affect them.
Understand the process of identifying appropriate financial solutions.
Explain the main features of protection products.
State the main features of mortgage repayment vehicles and mortgage protection products.
Explain the range of savings and investment products available to customers.
Explain the main tax wrappers available to customers
Learning Outcome 1
Understand protection, investment and pensions needs and the factors that affect them.
Understand the process of identifying appropriate financial solutions.
Explain the main features of protection products.
State the main features of mortgage repayment vehicles and mortgage protection products.
Explain the range of savings and investment products available to customers.
Explain the main tax wrappers available to customers
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Redmill Advance is a leader in helping UK financial advice firms get their people qualified or chartered.
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