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Managing my financial journey

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Managing my financial journey provided by OpenLearn is a comprehensive online course, which lasts for 12 hours worth of material. Upon completion of the course, you can receive an e-certificate from OpenLearn. The course is taught in Englishand is Free Certificate. Visit the course page at OpenLearn for detailed price information.

The Open University via OpenLearn
12 hours worth of material
Self Paced
Overview

  • This free course, Managing my financial journey, explores the history of the financial services industry in the UK and its transformation following the global financial crisis. The institutional ...

Syllabus

    • Week1Week 1: The origins and development of financial services
    • Introduction
    • 1.1 The origins of banking
    • 1.1.1 Banking and the union of England and Scotland
    • Scottish banking after the union
    • 1.1.2 The Bank of England and the growth of banking
    • 1.1.3 Cheques and the emergence of modern banking
    • 1.1.4 Building Societies
    • 1.1.5 The emergence of the insurance industry
    • The purposes of long-term and general insurance
    • Marine insurance and Lloyd’s
    • Fire insurance
    • Life assurance
    • 1.2 The London Stock Exchange
    • 1.2.1 The growth of the Stock Exchange
    • 1.2.2 The rise of the investment funds
    • Use a fund manager or go it alone?
    • 1.2.3 The liberalisation of the financial services
    • 1.2.4 Big Bang and the rise of the investment banks
    • 1.2.5 Technological change
    • 1.2.6 The impact of the growth of home ownership
    • 1.2.7 The impact of an ageing and prosperous population
    • 1.3 Regulation and regulatory failures pre-FSA
    • 1.3.1 The rise and fall of the FSA
    • 1.3.2 The build-up to the global financial crisis
    • 1.3.3 Collapse! The global financial crisis
    • 1.3.4 Rescuing the banks and the subsequent post-mortems
    • 1.4 Week 1 quiz
    • 1.5 Week 1 round-up
    • References
    • Acknowledgements
    • Week2Week 2: Post-crisis: new players, new issues, new rules
    • Introduction
    • 2.1 Banking: competition and the ‘challenger’ banks
    • 2.1.1 Taxing banks and incentivising lending
    • 2.1.2 Investment banks after the financial crisis
    • The investment bank sector
    • 2.1.3 Tackling the bonus culture and ring-fencing banks
    • Ring-fencing banks
    • 2.1.4 Building societies – their numbers decline further
    • 2.1.5 Credit unions to take on the payday lenders?
    • 2.2 Insurance firms – addressing gender issues
    • 2.2.1 Genetics and insurance
    • 2.2.2 The London Stock Exchange – evolving to compete
    • 2.2.3 Fund managers – central to the way we invest
    • 2.2.4 Hedge funds – are they market manipulators?
    • 2.2.5 Advisers and fees
    • 2.2.6 Advisers in the contemporary financial marketplace
    • 2.3 The Bank of England – a bigger role in regulation
    • 2.3.1 The regulators
    • The PRA and FCA
    • 2.3.2 Regulatory changes since 2000
    • 2.3.3 Financial services business – changing technology
    • 2.3.4 Comparison sites
    • 2.4 Week 2 quiz
    • 2.5 Week 2 round-up
    • References
    • Acknowledgements
    • Week3Week 3: What’s on offer? The marketplace and current issues
    • Introduction
    • 3.1 Banking services – the competition for current accounts
    • 3.1.1 Borrowing – the debt products on offer
    • 3.1.2 Have borrowers never had it so good?
    • 3.1.3 The mortgage market – rock-bottom rates
    • 3.1.4 Islamic finance – a growing market in the UK
    • 3.1.5 Savings products – rock-bottom rates and government incentives
    • 3.1.6 Bonds – currently offering low yields for investors
    • 3.1.7 Shares – volatile but good long-term performers
    • 3.1.8 Drivers of equity markets
    • 3.2 Investment funds
    • 3.2.1 Types of investment fund
    • 3.2.2 Tax-efficient savings
    • 3.2.3 Pensions
    • 3.2.4 Access to pension pots: the 2015 pensions revolution
    • 3.2.5 The UK pensions revolution
    • 3.3 Property investment – a boom in buy-to-let investors
    • 3.3.1 Equity release
    • 3.3.2 Buying insurance
    • 3.3.3 A decision-making model for financial products
    • 3.3.4 Insurance – applying the four-stage model (1)
    • 3.3.5 Insurance – applying the four-stage model (2)
    • 3.4 Week 3 quiz
    • 3.5 Week 3 round-up
    • Further reading
    • References
    • Acknowledgements
    • Week4Week 4: Regulation and consumer protection
    • Introduction
    • 4.1 The regulatory structure
    • 4.1.1 Getting to know the PRA and FCA
    • 4.1.2 Regulation moves from ‘principles’ to ‘judgement’ and 'forward-looking'
    • 4.1.3 Approving the firm and its senior managers
    • ‘Approved persons’ and the Senior Managers Regime
    • 4.2 The regulation of sales – customer classification
    • 4.2.1 Selling to customers – communications
    • 4.2.2 Selling to customers – suitability reports
    • 4.2.3 The Retail Distribution Review (RDR)
    • The ‘conduct risk’ review
    • 4.2.4 Viewpoints on the Retail Distribution Review
    • 4.2.5 The Mortgage Market Review (MMR)
    • 4.3 The protection safety nets
    • 4.3.1 Misleading statement regulations and whistle-blowing
    • 4.3.2 Protecting customers’ assets
    • 4.3.4 Data protection
    • Data security failings
    • 4.3.5 Complaints: the Financial Ombudsman Service (FOS)
    • 4.3.6 The Financial Services Compensation Scheme (FSCS)
    • 4.3.7 Guidance and support – the Money Advice Service
    • 4.3.8 Guidance and support – Citizens Advice
    • 4.3.9 True Potential LLP
    • 4.4 End-of-course quiz
    • 4.5 Week 4 and course round-up
    • References
    • Acknowledgements

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