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Online course

Managing My Financial Journey

Take a journey around the UK financial marketplace: how has it changed following the financial crisis and subsequent reforms?

What’s the difference between a free course and an upgraded course?

Free:

  • Access to the course for its duration + 14 days, regardless of when you join (this includes access to articles, videos, peer review steps, quizzes)
  • No access to course tests
  • No certificate

Upgraded:

  • Unlimited access to the course, for as long as it exists on FutureLearn (this includes access to articles, videos, peer review steps, quizzes)
  • Access to course tests
  • A Certificate of Achievement when you complete the course

Find out more

Managing My Financial Journey

Why join the course?

The dramatic events of the financial crisis in the late 2000s transformed the UK financial services industry. Long established institutions went out of business, others were forced into takeovers and only the intervention of governments worldwide - courtesy of eye-watering financial recovery packages - prevented the banking industry from implosion.

Now, nearly 10 years on from the crisis, it’s time to take stock and examine how the industry looks today. Most importantly, how is the industry now working for the consumer? What are the products? How competitive is the industry? Is regulation working effectively to protect consumers in the financial market place? Where can consumers go to get help and guidance in a changing financial environment?

This four-week course will guide you through the UK financial marketplace, starting with a rapid review of the history of the industry leading up to the financial crisis that transformed it. You will:

  • examine the institutions that comprise the industry and the issues they are currently grappling with
  • walk down the aisles of the financial supermarket to see what’s changing with the products on offer
  • look at how the industry is now regulated
  • find out how this regulation, and the guidance provided by various agencies, can help you make the right, informed choices when transacting in the financial marketplace.

At the end of the course you will have gained a full insight into how the financial services industry operates and how you can transact business with knowledge and confidence.

This course is presented on FutureLearn with the kind support of True Potential LLP.

The True Potential Centre for the Public Understanding of Finance (True Potential PUFin)

The True Potential Centre for the Public Understanding of Finance (True Potential PUFin) is a pioneering Centre of Excellence for research in the development of personal financial capabilities, based at The Open University Business School. The establishment and activities of True Potential PUFin have been made possible thanks to the generous support of True Potential LLP, which has committed to a five-year programme of financial support for the Centre totalling £1.4 million.

Skip to 0 minutes and 10 secondsMARTIN UPTON: History tells us you need money to make life's journey.

Skip to 0 minutes and 20 secondsBanks and insurance companies merged. The building society sector shrank.

Skip to 0 minutes and 27 secondsRules were relaxed, and then the 1986 big bang revolutionised the financial marketplace. The industry went global, only then for it to teeter on the verge of collapse 10 years later. This MOOC will make today's financial marketplace clear to you.

Skip to 0 minutes and 54 secondsIn recent times, we have new banks and regulators, new rules, a different approach to product design, and a mini revolution in pensions provision. And these have transformed the financial marketplace. This MOOC helps you assess the recent developments in financial advice. Can robo advisors really work? How do you choose between independent financial advisors and more restricted advisors? We will discuss the impact on rock bottom interest rates, near zero price inflation, and a volatile equity market.

Skip to 1 minute and 30 secondsThe housing market has made a strong recovery, but we now have the stamp duty surcharge on buy to let investors - designed to take the heat out of the market. But will it?

Skip to 1 minute and 44 secondsAnd is regulation becoming overly burdensome?

Skip to 1 minute and 50 secondsHello, I'm Martin Upton. I've written three MOOCs on personal finance, and it's been as much of an education for me as for the many learners we've met on the way. Helping you understand the impact finance has on all our lives has been an eye opener for me. We've witnessed huge changes to the financial services industry in recent years. And today, the financial marketplace is even more complicated than in previous eras. Studying Managing My Financial Journey will give you clarity about the new marketplace, the new rules protecting consumers and the product choices you and I now have. There's expert contributions, bit-sized learning, quizzes, and a chance to learn together. And throughout, there's great support from our facilitators.

Skip to 2 minutes and 41 secondsSo ask yourself this question - are you and other consumers confused by or just inquisitive about the range and complexity of products and the changes that are occurring in the financial marketplace? With so much change, it's a wise choice to get clued up on this essential subject. So studying Managing My Financial Journey is the way to join the well informed. I look forward to meeting you.

What topics will you cover?

The course involves 3 hours of study per week with a test at the end of each week.

Week 1: The financial services industry – its origins and development in the UK

Week 2: The post-crisis financial services industry: new players, new issues, new rules

Week 3: What’s on offer? The products in the market place and the current issues

Week 4: My rights and my protection: regulation and consumer protection

When would you like to start?

  • Available now
  • Date to be announced

What will you achieve?

By the end of the course, you'll be able to...

  • Discuss and understand the development of the financial services industry up to the 2007/08 global financial crisis.
  • Assess and appreciate how the financial services industry and the way it is regulated have changed since the financial crisis.
  • Apply and understand recent developments to financial and other investment products.
  • Assess and understand how the regulation of financial firms is conducted.
  • Assess and understand how sales of financial products are regulated and how this regulation aims to protect consumers.

Who is the course for?

This course is intended for those with an interest in the financial services industry. The course does not require any previous experience of this subject, but prior study of Managing My Money may be an advantage.

Who will you learn with?

Martin Upton

I am Director of the True Potential Centre for the Public Understanding of Finance (PUFin) at the OU Business School. Previously I was Treasurer of Nationwide Building Society.

Who developed the course?

The Open University (OU) is the largest academic institution in the UK and a world leader in flexible distance learning, with a mission is to be open to people, places, methods and ideas.

What’s the difference between a free course and an upgraded course?

Free:

  • Access to the course for its duration + 14 days, regardless of when you join (this includes access to articles, videos, peer review steps, quizzes)
  • No access to course tests
  • No certificate

Upgraded:

  • Unlimited access to the course, for as long as it exists on FutureLearn (this includes access to articles, videos, peer review steps, quizzes)
  • Access to course tests
  • A Certificate of Achievement when you complete the course

Find out more

Get extra benefits, upgrade this course. For $74 you'll get:

Unlimited access

Upgrading will mean you get unlimited access to the course.

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  • Take the course at your own pace
  • Refer to the material at any point in future

If you’re taking a course for free you have access to the course for its duration + 14 days, regardless of when you join. If you upgrade the course you have access for as long as the course exists on FutureLearn.

Access to tests

When you upgrade you’ll have access to any tests during the course.

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  • Validate your learning
  • Ensure you have mastered the material
  • Qualify for a certificate

To receive a Certificate of Achievement you need to take any tests and score over 70%. You don’t get access to tests if you choose to take a course for free.

Certificate of Achievement

Upgrading means you’ll receive a Certificate of Achievement when you complete the course.

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  • Prove your success when applying for jobs or courses
  • Celebrate your hard work
  • Display on your LinkedIn or CV
  • Includes free shipping

To receive a Certificate of Achievement you need to mark 90% of the steps on the course as complete, and score over 70% on any course tests.

Upgrade


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