LP2 Financial Services products and solutions
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.ward the qualification.
Forms part of |
The Certificate in Financial Planning. |
Credit awarded |
20 |
Exam length |
2 hours |
Exam type |
Multiple Choice |
Exam content |
75 multiple choice questions |
Pass Mark |
In the region of 70% |
Learning Outcome 1 |
Understand protection, investment and pensions needs and the factors that affect them. |
Learning Outcome 2 |
Understand the process of identifying appropriate financial solutions. |
Learning Outcome 3 |
Explain the main features of protection products. |
Learning Outcome 4 |
State the main features of mortgage repayment vehicles and mortgage protection products. |
Learning Outcome 5 |
Explain the range of savings and investment products available to customers. |
Learning Outcome 6 |
Explain the main tax wrappers available to customers |
Course Overview
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.
Course Price: £69.00 + VAT
Access Duration: 6 months
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