Personal Finance

Module code: 6FNCE006W
Faculty: Westminster Business School
Credit Level: 6
Credit value: 20
Available to: Westminster Business School students only, however students on some courses are unable to choose Westminster Electives  – see list of exemptions. Please note elective modules are subject to availability.

Over the past three decades financial markets have undergone significant technological and regulatory changes that have made financial instruments and services more complex and sophisticated. Changes in demographics, politics and the economy have shifted towards a consumer society that places high value on possessions. Additionally, the moves from the welfare state towards liberalisation and financial self-reliance have made the making of prudent personal financial decisions very challenging. It has become crucial for individuals to develop greater financial capabilities if they want to ensure a decent standard of living and achieve their life goals.

The prime objective of this module is to give you the necessary knowledge and skill to make sound and informed personal financial decisions, as well as enabling you to take your first step towards developing a career as a personal financial planner. Subjects you will study during the module include the building blocks of a financial plan; managing income and debt; saving and investment instruments; collective investments instruments; the principles and problems of insurance and types of insurance; buying or renting a property; personal taxation; and planning for retirement. The course is delivered through a combination of lectures, seminars, practical classes and workshops, while assessment is based around an individual coursework, and a final closed-book exam.

This module will only be available from 2017/18 academic year.