LP3 Life and Pensions Principles and Practices
The LP3 (Life and Pensions Principles and Practices) exam forms the final part of the Certificate in Financial Services. It is a level 3 paper, worth 10 credits toward the qualification.
Forms part of |
The Certificate in Financial Planning. |
Credit awarded |
10 |
Exam length |
90 minutes |
Exam type |
Multiple Choice |
Exam content |
50 multiple choice questions |
Pass Mark |
In the region of 70% |
Learning Outcome 1 |
Understand the role and value of the financial services sector. |
Learning Outcome 2 |
Understand the importance of life and pensions products and services for society, the economy and individuals. |
Learning Outcome 3 |
Understand the structures and main activities of the life and pensions sector. |
Learning Outcome 4 |
Understand the key principles of risk, contracts and insurance law. |
Learning Outcome 5 |
Understand ethical, legal and regulatory duties and how these relate to organisational and individual responsibilities. |
Course Overview
The LP3 (Life and Pensions Principles and Practices) exam forms the final part of the Certificate in Financial Services. It is a level 3 paper, worth 10 credits toward the qualification.
The exam itself is a 90-minute computer-based multiple-choice exam. There are 50 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 35/50.
Course Price: £69.00 + VAT
Access Duration: 6 months
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