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.

LP2 Financial Services products and solutions

Price: £69.00 + VAT
Access Duration: 6 months

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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.

Forms part of

The Certificate in Financial Planning

Credits 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

Programme Details

  • CPD awarded
  • Exam guidance on your chosen programme
  • Structured, weekly learning
  • Downloadable workbooks for offline learning
  • End of module exam with instant feedback
  • Freedom to revisit content at any time
  • Freedom to re-sit exams multiple times
  • Flexible to suit your learning needs
  • Tracks learning progress throughout
  • 24-hour access to our learning platform
  • Operates on every device with intuitive U.I

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