PERSONAL INVESTMENT

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N325679
Module Leader Muhammad Nawaz
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • B (January start)

Pre-Requisite Knowledge

Level 1 passes in BA Finance Investment and Risk and BA Risk Management or equivalent

Summary of Content

This module deals with the whole range of personal investment choices that individuals will have to make during their lifetimes. Pitched at level 2, it aims to develop a broad understanding of generic financial products like deposits, share and collective investments building up to employee benefits and finally pension planning. PRME will be addressed in this module by examining ethical aspects of investment decisions.

Syllabus

Investors and investment: general issues - economic and market influences, client needs, types of risks, investment and risk, main investment choices, providers of financial products. Personal risk management: the range and use of protection products - life insurance, health insurance, critical illness cover, redundancy, personal accident and sickness. Taxation: the range of UK personal taxes - self assessment, income tax and capital gains tax with particular reference to saving and investment, inheritance tax, stamp duty reserve tax. Savings and Investment: cash deposits, national savings and investments, gilts and corporate bonds, equites, Investment trusts, unit trusts, OEICs. Life company investment products, ISAs, annuities, derivatives and other investments. Ethical investment. Indices. Company and share market performance and measurement. Risk and return. Property : characteristics, direct on indirect investment, mortgages - arranging a mortgage, types of mortgages, range of mortgages. Ancillary products and uses. Financial planning : analysis of consumers circumstances, tax planning strategies, constructing a portfolio of assets Employee Benefits - Flexible arrangements and share schemes - advantages, types and extent , costs and barriers, reasons for implementation of share incentive schemes and various types of share incentive plans. Structure, advantages and disadvantages of SAYE schemes. Pensions: State and private provision, types of schemes. Personal Protection - Personal accident and sickness, private medical insurance, sickness and unemployment., personal protection products and solutions. Financial protection cover and financial protection needs. Impact on assets and liabilities after divorce and ending civil partnership.

Learning Outcomes

On successful completion of this module, the student should be able to:1.Analyse the role, operation and function of markets and financial institutions2. Compare and contrast the suitability of various types of financial products available in the UK market3.Describe the range of UK taxes impacting investment.4.Discuss factors influencing investment behaviour of private individuals.5.Apply investment and product knowledge and understanding to designing simple investment portfolios for individuals.

Teaching / Learning Strategy

Keynote lectures for essential knowledge to build on the practical, problem oriented seminars and workshops. Seminars are designed to provide a medium for teamwork and presentation skills. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

-360 "Personal Finance" Jane King and Mary Carey 2nd Ed (2017 or latest) Oxford University Press (essential text book) "Essential Personal Finance: A Practical Guide for Students" Luu, Lowe, Butler & Bryne (2017 or latest) Routledge (recommended text book) Journals / Periodicals -360 Money Management Investors Chronicle (investorschronicle.co.uk) Your Mortgage (yourmortgage.co.uk) Weekend issues of Financial Times, Telegraph, Observer , Guardian etc contain personal finance sections. Websites : www.abi.org.uk <http://www.abi.org.uk/> www.nsandi.com <http://www.nsandi.com/>www.iii.co.uk <http://www.iii.co.uk/>www.moneymarketng.co.uk <http://www.moneymarketng.co.uk/>www.londonstockexchange.co.uk <http://www.londonstockexchange.co.uk/>www.thisismoney.co.uk <http://www.thisismoney.co.uk/> www.moneyfacts.co.uk <http://www.moneyfacts.co.uk/> www.fca.org.uk <http://www.fca.org.uk/>

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: The students will have developed effective problem solving and analytical skills. Through the application of theory to practical examples, and the presentation of information, they will develop their oral and written communication skills. Numeracy skills : taxation calculations - reflected in the content of seminars and final exam. Learning skills : reflected in the use of library and internet activities to support student centred learning. Ability to locate, extract and analyse data from various sources, including acknowledgement and referencing of sources. C+ IT skills : reflected in communicating information for coursework and also in students own student centred learning. Communication skills : reflected in seminar, group discussion and role-play activity. Also in report writing.

Module Structure

Activity Total Hours
Seminars (FT) 11.00
Lectures (FT) 24.00
Assessment (FT) 30.00
Tutorials (FT) 1.00
Independent Learning (FT) 134.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 40.00 35% Simulated Task & Written Report
Exam 01 2.00 60.00 35% Unseen exam (2 hours)