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IFP launches university challenge

The Institute of Financial Planning (IFP) has asked UK university students to show off their ability to manage cash.

By Emma Ann Hughes | Published Feb 14, 2012 | comments

The IFP’s University Financial Planning Team Challenge competition has been developed in connection with Seven Investment Management (7IM).

The IFP is inviting applications from teams of up to four students who are studying at any UK university.

Teams are required to develop and submit a detailed financial plan based on a complex financial planning case study scenario.

To support students through the process, the IFP is able to provide experienced financial planning mentors to support the teams with their submissions and help them develop their knowledge and skills in this unique way.

Universities are welcome to enter as many teams as they wish.

Justin Urquhart Stewart, marketing director of 7IM, said: “It has been so good to see such a high standard of students taking part in this competition over the past few years - all of whom seem to have gone on to start very exciting and rewarding careers.

“With RDR almost upon us, there has never been a more important time to be encouraging them to into such a vibrant profession with excellent career prospects.”

Sue Leech, education director at the IFP, said: “Attracting highly skilled new entrants into a rewarding career in financial planning is a key strategic aim of the IFP, and this competition is a great way to help this along.

“Financial planning is bucking the trend, showing strong demand for graduates who are suitably skilled to enter jobs in financial planning practices all around the UK.

“We hope to see more excellent entries again this year and are confident that entrants will improve their job prospects considerably as a result.”

Teams that are interested in taking part should complete the application form and return it to the Institute of Financial Planning as soon as possible.

Teams should indicate on the form if they require support from an IFP-appointed mentor.

Teams should then work on the case study together and produce their written financial plan as per the case study instructions.

The closing date for submission of completed case studies is 27 April 2012.

After the entries have gone through the first round of judging, the finalists will be invited to present their detailed response to a panel of expert judges during June.

Entrants will be notified if they have made it through to the short list for the final round of judging by mid-May.

For full details and an application form contact Ms Leech by email at suel@financialplanning.org.uk.

The winning students will receive a trophy and a cash prize of £1,500.

The winners also get an expenses paid trip to receive their trophy in person at the presentation ceremony held at the headquarters of 7IM in the heart of the city of London.

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