Description

R06 Exam – Financial Planning Practice. Size: 10 modules, over 4 hours of material

Download time: approx 2 minutes over high speed broadband

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The R06 programme is based on the financial objectives that are typically tested in each R06 exam. It doesn’t focus on a specific R06 exam but instead, it looks at the types of questions that have been asked in previous R06 exams. It also looks at the types of question that could be asked in a future R06 exam. This material will introduce you to the all important technique that you will need and will develop your technical knowledge of the financial planning process.

Introduction (3 minutes) – Background to the programme and how to get the best from using it

Module 1 (22 minutes)
The R06 exam and exam technique CII Structure of the Diploma exam | the types of questions asked in the R06 exam | exam preparation | 8 golden rules for the exam | How two acronyms will help you to pass the exam: FAROE and PATHETIC WINE

Module 2 (26 minutes)
Generic planning areas Questions in the R06 exam will be largely based on the stated financial objectives of the clients. But there are five key areas that apply to all clients and so could be tested in every exam.  These include: different methods of adviser charging | the benefits of using a financial adviser | risk profiling tools | cash-flow analysis | review meetings

Module 3 (26 minutes)
Providing a suitable income in retirement This is a key recurring area that is tested by R06. The content looks at the types of fact find questions to ask | analysing the clients circumstances | the stages of the pension advice process | technical bits, e.g. deferral of the State pension

Module 4 (27 minutes)
Maximising tax efficiency  This is another key recurring area that is tested in the R06 exam. The content looks at the types of fact find questions to ask | how to answer a question that asks you to  ‘comment on’ on the tax efficiency of an investment portfolio | recommendations that help to reduce the client’s tax liability | explaining the income and CGT liability on investments| taxation of VCTs | taxation of furnished holiday lets

Module 5 (26 minutes)
Providing financial security Yet another key recurring area that is regularly tested in R06!  The content looks at: death v long term sickness v serious illness | how answer ‘comment on’ questions to get full marks | recommending and justifying suitable advice | ‘explain’ questions that want you to show the depth of your technical knowledge

Module 6 (23 minutes)
Maximising the value of the estate  Minimising IHT is another key recurring area in the R06 exam. The content looks at the types of fact find questions to ask | calculation style questions | arranging suitable life assurance to meet a IHT liability | the role of LPAs | how a deed of variation might help

Module 7 (23 minutes)
University and school fees planning  This area is frequently covered in the R06 exam.  The content looks at the information required before providing advice | how to fund school fees or university education | benefits and drawbacks of funding options | the suitability of using ISAs/JISAs to fund | stages of the planning process

Module 8 (20 minutes)
Providing a house deposit An area that isn’t covered in every R06 exam but does still come up regularly. The content looks at the types of fact find questions to ask | ‘factors’ to consider | benefits and drawbacks of gifting a deposit | Lifetime ISAs

Module 9 (42 minutes)
Miscellaneous planning areas  Rather than looking at a financial objective, this module dives into the six technical areas. These have been chosen because they have been previously examined in R06 and also because people relatively new to the profession are usually less familiar with them. The six areas: socially responsible investments | platforms | discretionary fund management | debt and redundancy | retirement options | long-term care and LPAs

Module 10 (15 minutes)
Crammer Module The summaries from the previous 9 modules

What our customers say:

“Thanks again for all of your efforts with the R06 training material. It really has helped out with all of my exam preparation 😊”

 Jacob Wright

Trainee Financial Adviser, Landmark IFA