Understand and perform simple financial need analysis.
Understand concepts associated with portfolio theory.
Appreciate the effects of taxation on financial planning and calculate taxation liability
Develop and be able to critically evaluate a financial plan for an individual.
Other objectives: Research, problem solving skills, communication skills, critical thinking, writing competence.
Question 1: Case study
You are a financial adviser and the following information is an extract of data you gathered as part of fact finding during an initial client consultation for married couple Alex William and Rachel William: