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Exam Code: CEMAP-1 Practice test 2022 by team
CEMAP-1 Certificate in Mortgage Advice and Practice (CeMAP)

The purpose and structure of the UK financial services industry
The Financial Conduct Authoritys (FCAs) main aims, activities and relevant Conduct of Business rules
The house-buying process and parties involved
The different types of customers and mortgages
How to assess the affordability and suitability of different mortgage options and associated products

Purpose and structure of the UK financial services industry.
• Financial Conduct Authority (FCAs) main aims, activities and relevant Conduct of Business rules.
• The house-buying process and parties involved.
• The different types of customer and their need for different types of mortgage.
• Assessment of affordability and suitability of different mortgage options and associated products.

- understand the structure and regulation of the UK financial services industry, asset classes and the interaction between the types of financial services products and clients requirements
- understand the main asset classes and features of financial services products, and the main financial advice areas
- understand the process of giving financial advice, the basic legal concepts, and the basic UK tax and benefits system
- understand the impact of inflation, interest rate volatility and other socio-economic factors relating to personal financial plans
- Detail Assess area
- understand the role of oversight groups, the requirements of the regulator and other laws relating to the provision of advice
- understand the non-tax laws, regulations and codes of conduct features of the regulators Conduct of Business Rules and how they apply to clients
- understand the regulator approach to regulation and how the rules affect the control and structures of firms
- understand how anti-money laundering regulations apply 7
- understand the main features of rules for dealing with complaints and how the Data Protection Act affects the provision of financial advice
- Detail Assess area
- know the regulatory definition of different types of mortgages, Buy to Let mortgages, Consumer Buy to Let mortgages, second charges and equity release
- know the house-buying process, the key parties involved and their roles 2
- know the process and implications of buying property at auction 3
- know the common types of borrower and how their main mortgage related requirements may differ and what factors may disqualify people from borrowing
- understand the main requirements of the Mortgage Conduct of Business Rules and the legislation affecting mortgages
- understand the economic and regulatory context for giving mortgage advice 6 Unit 4
Detail Assess area
- understand the role of a Mortgage Adviser 1
- understand the purpose of additional security, including the role of guarantors 2
- understand the fees and charges involved in arranging a mortgage 3
- know the principal types of property defect that surveys can identify and understand their implications when seeking a mortgage
- understand the principal factors affecting the value of property 5
- understand the different forms of valuation and survey 6
- understand the need to obtain Local Authority planning consent for house development/extensions
Detail Assess area
- understand the key features of the different types of mortgage repayment options and their benefits and drawbacks for different types of borrower
- understand the key features of the different types of mortgage product and interest rate options
- understand the main features and functions of different forms of life assurance and other insurances
Detail Assess area
- understand the principles and procedures associated with raising additional money and the circumstances when further borrowing might be appropriate
- understand the principles, procedures and costs of transferring mortgages 2
- understand the principles of using mortgages within debt consolidation arrangements 3
- understand the implications for the borrower of the non-payment of mortgages, other breaches of the Mortgage Deed, non-payment of building insurance and the options available
- understand the legal rights and remedies available to lenders in respect of non-payment from borrowers
- understand the main provisions made by the State to assist consumers in difficulties over the repayment of mortgages
Detail Assess area
- analyse consumers circumstances and suitable mortgage solutions taking account of any existing arrangements
- apply suitable mortgage solutions to specific consumers circumstances 2

Certificate in Mortgage Advice and Practice (CeMAP)
Financial Certificate study help
Killexams : Financial Certificate study help - BingNews Search results Killexams : Financial Certificate study help - BingNews Killexams : Top 10 Financial Certifications For Financial Advisors

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

When you’re looking for a financial advisor, you’ll see any number of certifications and credentials listed on the business cards and websites of prospective candidates. From CPAs to CFAs, ChFCs to IARs, the long and growing list can be overwhelming. But understanding what all of these acronyms stand for allows you to choose the best financial advisor for your needs. Let’s take a closer look at the 10 most common financial professional certifications.

CPA: Certified Public Accountant

Of all the financial advisor certifications, you’re probably most familiar with certified public accountant (CPA). Although most people associate CPAs with taxes, their expertise goes far beyond your annual tax filing. CPAs handle jobs from financial reporting to audit work and forensic research. And even if your needs are slightly less extensive than those, employing a CPA can still save you a bundle of money and keep you out of a tax court, too. In short, if your finances progress beyond entering W-2 info into tax software, you’ll need a CPA.

The CPA has been around since the late 19th century, making it the granddaddy of financial certifications. It’s also a tough qualification to earn. Requirements vary by state, but candidates generally need a specialized degree, one year of work experience, and they must pass the challenging Uniform Certified Public Accountant Examination.

CFA: Chartered Financial Analyst

A chartered financial analyst (CFA) has in-depth knowledge of asset management and securities analysis, as well as a professional commitment to the highest ethical standards. The common habitat for CFAs is handling high-level research and analysis for large financial companies and investment firms, but they may also work with high-net-worth private clients, providing investment advice, portfolio management and risk management services.

The CFA Institute says it takes 1,000 hours of study, four years of professional experience and a three-part test to become a CFA charterholder. The pass rate for all three levels of the CFA test is just 20%. Once upon a time, the CFA qualification was considered a good plan B if you weren’t cut out for an MBA. That’s not the case anymore, and today, CFAs rank among the financial advisory elite.

CFP: Certified Financial Planner

A certified financial planner (CFP) takes a holistic, all-encompassing approach to financial planning, meeting their clients’ needs for budgeting, retirement planning, life insurance, taxes and estate planning. CFPs commit to a professional requirement to act as fiduciaries, meaning their financial advice must always put their customers’ best interests first.

The CFP is a good candidate for people who want a comprehensive financial plan. If you need help in choosing investments, planning for retirement, setting aside money for a child’s education, and many other goals, a CFP is a wonderful choice. Certified financial planners have many specialities, from the types of clients they work with to the types of work they take on, so check your candidate’s specializations before making a choice.

CFPs must take six or seven classes, depending on their program, covering the ins and outs of financial planning as well as pass a notoriously difficult test and accrue years of financial planning experience before they can add CFP behind their name.

Related: Find A Financial Advisor In 3 minutes

ChFC: Chartered Financial Consultant

Fundamentally, a CFP and a chartered financial consultant (ChFC) offer the same suite of services: Personal financial management, retirement planning, tax issues, estate planning, life insurance and special needs planning for parents and guardians.

The chartered financial consultant certification may offer slightly more depth than the CFP, as it requires additional coursework: eight courses to the CFP’s six or seven. However, unlike CFPs, ChFCs are not required to pass one comprehensive test and instead must pass exams following each course they take. ChFC certification requires candidates to have three years of full-time experience in the financial services industry, and ChFCs must bind themselves to a fiduciary standard.

ChFCs’ broad knowledge base makes them superior candidates for managing complex individual or family estates and providing investment strategies to small businesses.

RIA: Registered Investment Advisor

Unlike the other certifications on this list, registered investment advisor (RIA) refers to a type of company, not a type of financial advisor. The registered part of the name comes from the fact that RIAs must register with the Securities and Exchange Commission (SEC) or a state regulatory agency.

RIAs are fully regulated fiduciaries that may provide financial planning or investment services. Practically speaking, though, their work with clients extends beyond simple investment advice, offering services such as retirement planning, insurance, estate planning and even concierge services like marriage and divorce consultations.

IAR: Investment Adviser Representative

An investment adviser representative (IAR) is a financial professionals who work for a RIA. Typically, IARs are certified via the Series 65 or Series 7 exams, and the Series 66, administered by FINRA, which the federal government authorizes to oversee US broker-dealers. In addition, they generally have one (or more) of the certifications listed above, like CFP or CFA.

The draw of IARs is their strong commitment to fiduciary responsibility. IARs must disclose conflicts of interest and tell clients about more efficient products, even if it means a smaller commission. This contrasts with advisors working under the “suitability standard,” who sometimes offer high-commission products that meet customer needs, without suggesting lower-commission alternatives that might better suit them.

If you’re working with a financial advisor through a company or financial institution, make sure to determine whether they are an IAR or a registered representative held only to suitability standards.

CFF: Certified Financial Fiduciary

Certified financial fiduciary (CFF) is an additional qualification that financial advisors undertake to supplement their existing professional certifications. In essence, it’s meant to signal that the advisor adheres to the highest possible standard of fiduciary duty (yes, there’s more than one kind of fiduciary). CFFs are trained to uphold the highest moral, ethical and fiduciary standards of service when providing investment advice to potential and existing clients. The National Association of Certified Financial Fiduciaries (NACFF) administers CFF training and awards the certification.

The CFF is a relatively new professional designation, first created in 2018, during the rise and fall of the Department of Labor’s ill-fated fiduciary rule. As such, the CFF is less common than the others profiled here. Before it was struck down in federal court, the fiduciary rule would have held all financial advisors to a strict fiduciary rule, and the CFF was created, in part, to prove an advisor’s commitment to this rule.

CFF candidates must pass stringent requirements: They must hold a professional financial certification or license or have enough education and experience to pass NACFF’s bar. A background check is conducted to examine their moral, ethical and fiduciary record. Candidates must complete comprehensive training and pass the CFF exam. Crucially, they agree to uphold the CFF Code of Conduct for fiduciary responsibility.

RICP: Retirement Income Certified Professional

Administered by the American College of Financial Services, the retirement income certified professional (RICP) program trains financial advisors to help clients claim Social Security, define risk factors and manage distributions from retirement plans like a 401(k). But above and beyond retirement income issues, the program also helps advisors understand Medicare, aid in managing and selecting life insurance, plan long-term healthcare and handle retirement tax issues, which frequently trip up clients.

RICP certification is sought by experienced financial advisors, lawyers, accountants and bankers―anyone who works in advisory fields that wants a heightened understanding of all the factors that impact retirement planning. RICP training aims to foster a deep understanding of retirement income issues, allowing advisors to create plans for clients that cover income, housing, healthcare, taxation, life quality and more.

CPWA: Certified Private Wealth Advisor

Certified private wealth advisor (CPWA) is aimed at wealth managers who serve affluent clients. Wealth management advisors select portfolios of investment securities for their clients and manage the portfolios.

Generally they do not offer a broad selection of advice for a client’s entire financial life, confining themselves only to managing investments. This isn’t a flaw in their service offering as high-net-worth individuals generally employ planning teams of several experts to meet their needs.

Preparation courses for the CPWA teach candidates to create strategies that maximize growth, minimize taxes and help clients pass their wealth on to the next generation.

CLU: Chartered Life Underwriter

A chartered life underwriter (CLU) is a financial advisor that specializes in life insurance planning. This isn’t a standalone service: CLUs operate as part of an estate planning team, usually for high-net-worth clients with complex holdings, including family businesses and complicated asset structures.

The American College of Financial Services administers the CLU qualification. Candidates must have three years of relevant experience, pass eight training classes and sit for an exam. There’s a continuing education requirement for CLUs of 30 hours every two years. The CLU certification is highly respected among professionals and is nearly 100 years old―second only in age to the CPA.

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Thu, 14 Jul 2022 19:48:00 -0500 Thomas Lavrakas en-US text/html
Killexams : CFA vs. CFP: The Difference Explained No result found, try new keyword!Most CFPs "help individuals, couples, and families prepare their financial ... to complete a self-study program and two CAIA exams. The CRPC designation is a graduate-level certification ... Mon, 11 Jul 2022 02:15:00 -0500 text/html Killexams : Gap between college costs, financial aid growing, study finds

Ninety-two percent of Missouri's $30,000 median income is required for someone to attend the state's four-year institutions of higher education full time.

"As a result, students and families with low to modest incomes face an incredible financial barrier in accessing higher education," states a new report from the Missouri Department of Higher Education and Workforce Development. "Many are basing their academic careers around cost, choosing schools that have a lower price tag or attending part-time to spread out college expenses. A greater consequence may be that more students simply will not enroll in school at a time when 66 percent of Missouri jobs require a certificate, associate degree or higher."

MDHEWD on Monday released the second part of its Equity in Missouri Higher Education Report, which is part of a series focused on the results of a 2020 survey of nearly 10,000 college students in the state.

The study included the department's first-ever survey on college affordability, in which more than 9,000 of the almost 10,000 students said the cost of college was a major obstacle.

College tuition and fees have increased 900 percent since 1980, according to the Bureau of Labor Statistics, but access to financial aid isn't keeping up.

The Free Application for Federal Student Aid (FAFSA) is the usual starting point for getting financial assistance for college. Undergraduate students who demonstrate the greatest financial needs can receive a Pell Grant for up to $6,345, but award amounts often change from year to year based on several factors.

Eligibility for aid is based on the expected family contribution, which is determined through more than 100 FAFSA questions about parent financial information, household size and dependency status. The federal program only considers students independent from parents if they are 24 years old, married, in the military or have children of their own.

More than 70 percent of student survey respondents said they were financially independent from their parents. And students routinely reported FAFSA does not accurately determine how much their families can financially contribute to college.

"I was $143 from having to drop out this fall," one student responded to MDHEWD's survey. "I begged for the money from my father, a disabled man on a fixed income. I know he needed that money. I know my schooling is important. But the closer I get to graduating, the more cash they want. High school never prepared me for this."

State financial aid also presents some issues for students as nearly all awards are processed using FAFSA data, including the A+ scholarship, Access Missouri grant and Fast Track Workforce Incentive Grant. Only 12 percent of A+ and Bright Flight scholarships went to non-white students, according to the survey results.

As a result of the growing gap between college costs and financial aid, students borrowed an average of $36,510 to finance their education in 2021, according to the report, which is more than double what students would pay in 2000.

And when financial aid and loans weren't enough, students simply didn't buy class materials. According to the Affordability Survey, 35 percent of Missouri college students don't have enough money for required class materials.

Missouri's affordability data aligns with national trends, in which 66 percent of college students said they would skip buying course materials because of how expensive they are and 19 percent said they pick classes based on the cost of the textbook.

Food and housing insecurity also plague Missouri college students. According to the survey, nearly half of respondents reported not knowing if they will have money for food from one week to the next.

Those conditions particularly affect students who are Black, Indigenous or have a disability. More than half of disabled respondents, for example, said they didn't have enough resources for housing and utilities.

"This data, coupled with the stories and testimonies of the students who were willing to share, paint a real picture of the day-to-day struggles for many of Missouri's students seeking a post secondary education," the report concludes. "When the price of pursuing a degree, a virtual necessity for jobs that pay a living wage, requires students to either go hungry or to forego taking classes that would adequately prepare them for their careers, something must change."

The rising cost of an education is likely contributing to declining enrollment trends across the state, according to the report. Enrollment at Missouri institutions of higher education has dropped 20 percent over the past decade and almost 5 percent from 2021-22.

The final installment of the Equity in Missouri Higher Education Report will be released before the end of the year and focus on student completion outcomes.

Fri, 22 Jul 2022 21:29:00 -0500 en text/html
Killexams : DACA opened doors to education for some, but many students still face obstacles

Leer en español.

When Flor Camarena was Studying to graduate from her Denver high school, there was a moment she wasn’t sure she’d be able to go to college.

But her counselors, to whom she had confided her lack of legal status, helped her find schools that were supportive and programs that gave her hope for financial assistance. 

This fall, she’s entering Metropolitan State University of Denver. Because she’s already earned some credits, she’ll be starting as a sophomore. But not having legal status in this country, where she’s lived since she was a baby, is impacting her educational choices and prospects. 

Camarena has applied for the Deferred Action for Childhood Arrivals or DACA program that would protect her from deportation and give her permission to work and apply for financial aid, but she doesn’t know if her application will ever be processed. 

Instead of studying criminal justice to become a detective as she had wanted, Camarena instead will major in business management.

“I started thinking about how DACA might be removed and I just thought about the outcome,” she said. “Once I study, yes I’ll get my diploma and certification but then getting into working for the law — I wouldn’t get a good job because of my legal status. Even if I do get DACA, that’s still not a very lawful status to have to work with the law. I just didn’t see it happening.”

But she’s making the most of it. She hopes that with a degree in business, she’ll be able to help her parents grow their restaurant business.

“I was initially very disappointed,” Camarena said. “I just started thinking about if I had a different legal status here I could be somebody much more important — maybe have a better career.”

A portrait of a young woman, whose face is bright from soft light against a dark background.

Flor Camarena has applied for DACA, which protects recipients from deportation, gives permission to work, and expands access to financial aid.

Hyoung Chang / The Denver Post

Her mom was sad. Her dad was proud that she thought of the family business and was thinking practically.

The political immigrant advocacy group estimates there are 600,000 students like Camarena without legal status in U.S. K-12 schools, including about 8,000 in Colorado. 

This June, advocates celebrated the 10-year anniversary of the creation of DACA, and the impacts it’s had for many. DACA is a program that offers work authorizations and temporary relief from deportation for people who were brought into the country illegally as children. 

Before the creation of DACA, young people without legal status described hitting demoralizing barriers in high school. Students lost their motivation as they realized college was out of reach without typical access to financial aid or in-state tuition. Other opportunities including internships and trades that require professional certifications were also off limits. 

When legislative efforts to help these students stalled, President Barack Obama created DACA through an executive order. 

Some recipients are now parents themselves. The impact of status reaches beyond the recipients. In Colorado, it’s estimated that 20,000 U.S. citizens live with DACA recipients.

Educators and advocates have anecdotal stories showing that the creation of DACA helped motivate some young people to have hope for the future and to pursue education. One of the requirements to apply is to either be in school or have a high school diploma or GED. 

Researchers published a study in 2019 based on findings from the National UnDACAmented Research Project at Harvard University that tracked the impact of DACA across many years in hundreds of recipients. The study found that among students who had dropped out of high school, earning DACA status motivated them to reengage in their education. Many others went on to complete college degrees and started careers. 

Marissa Molina, the Colorado state director for, herself was once a DACA recipient. She was in college, with her parents paying her out-of-state tuition, just before DACA was introduced.

“Because I had this huge tuition burden, I was going to drop out,” Molina said. “I didn’t see a point of continuing because I had no prospects to ever be able to use what I was learning. For me, DACA was truly transformational.”

Two students, a young man and a young women, sit at long tables in a campus building. There is a large illustration on the wall titled “Life in Your First Year”., an immigrant advocacy group, estimates that Flor Camarena is one of 600,000 students across the United States without legal status in K-12 schools.

Hyoung Chang / The Denver Post

Unlike most, Molina has since found an unrelated path to adjust her legal status.

DACA itself gives recipients temporary status, two years at a time, but doesn’t provide a way to earn permanent residency or citizenship. 

Since former President Trump first tried to end DACA in 2017, the government has only been allowed to process new applications for limited windows of time. Camarena applied during one of those windows last year, but her application hasn’t been processed.

Although the Supreme Court handed Trump a defeat in 2020 and restored DACA, a legal challenge again put processing of new applications on hold. 

This time, states in a case led by Texas argue that DACA was flawed from its inception, created without going through legal and administrative procedures, and that it’s harming their states. A federal judge agreed. The Biden administration has appealed the case and oral arguments were heard last month. 

A decision is expected this fall, but advocates aren’t hopeful. Instead, they are pressing Congress to pass legislation to broaden and enshrine a new pathway for legal status for those who have been brought into the country as children. 

Because the original rules for DACA have not changed — including having been in the U.S. before 2007 — estimates that the majority of undocumented students in U.S. schools now wouldn’t be eligible for DACA even if new applications were being processed. This year’s high school seniors were born in 2004 and 2005, and if eligibility isn’t expanded, soon no high school students will qualify.

Although the program is in jeopardy, Molina believes that young people even without legal status now have more expectations than she did growing up. 

“There’s students now who have never known a world without DACA,” Molina said. “We live in a different space. Particularly for Colorado. Our state has truly understood this issue and has tried to do better and do right by our students. We have access to in-state financial rates. We continue to hear positive messages and our governor speaking up about DACA. It might be hard for a young person to imagine a world without that in place.”

Teachers and counselors have also learned a lot in the last decade, Molina said, and have more access to resources to help students.

“Your legal status does not prevent you from graduating school,” Camarena said. “My counselors, they made sure I was aware that it was possible. They always made me feel safe.”

And when Camarena wasn’t sure she could go to college and pay for it, her counselors also were the ones who helped her find a way.

“I also think that because there are more stories of people who have graduated and gone on to have careers there’s also community knowledge,” Molina said. “It’s much harder to be told today that you can’t go to college.”

A young woman smiles as she speaks with other students at a table.

Flor Camarena does community service work with MSU Denver’s Immigrant Services Program. When her DACA application is processed, she hopes to have opportunities other students do, such as internships and work-study.

Hyoung Chang / The Denver Post

Though Camarena’s had some disappointments, being able to get an education is an expectation so she continues to be hopeful. But it doesn’t mean her obstacles are gone. 

This summer, she’s had the opportunity to do some community service work with Metro’s Immigrant Services Program. Though she doesn’t qualify for work study, she will get a stipend for the work through another assistance program. But if DACA doesn’t come through eventually, she’s not sure if she’ll continue to have enough alternative financial support to finish college.

She says that all she wants is the same opportunities she sees her peers have — the ability to access internships, apprenticeships, work-study.

Still, she said she’s decided to focus on what she can do for now: starting her fall semester and looking forward to working with her parents’ restaurant.

“I have talked to people that inspired me to want to work for me, not for somebody else,” Camarena said. “At this point, I just put it all aside and decided to work on with what I got.”

Yesenia Robles is a reporter for Chalkbeat Colorado covering K-12 school districts and multilingual education. Contact Yesenia at

Sun, 07 Aug 2022 23:05:00 -0500 en text/html
Killexams : Planning to introduce certificate courses for non-DU students: VC Yogesh Singh

By Vishu Adhana and Saloni Bhatia

From next year, housewives, retirees and working professionals who want to pursue certain subjects but do not want a degree, may be able to attend classes with regular Delhi University students.

Delhi University vice-chancellor Yogesh Singh has said the varsity is planning to introduce certificate courses for non-DU students from January next year.

In an interview to PTI, the VC informed that the matter will be put up in the next Academic Council meeting on August 3.

A person, who is not a DU student, will be able to pursue a maximum of two courses at a time and the credits attained will be added to his/her academic bank of credit.

The Academic Bank of Credit (ABC) is a virtual storehouse which will keep digitally stored records of academic credits secured by a student. At the end of the course, students will get a certificate.

Singh said this will help people who want to learn about a particular course or skill but do not want to get a full-time degree.

“Some students want to pursue just a few subjects and do not want a degree. We are planning to start course-based registration for citizens. and they can come and take classes with students of the varsity,” he said.

“You will get a certificate at the end and it will be added to your academic bank of credit. The applicant could be a student and also a working person. A person who is retired can also come and study,” he added.

The course can be any subject for a particular programme and for which, the applicant will come and sit with DU students to pursue the degree.

The details in this regard are being worked out. Explaining further, he said for instance, there are three courses being taught to first year students of BA(Hons) Political Science and someone might want to study about constitutional values, one of the courses, so they will be allowed to do, provided they meet some eligibility criterion that will be decided.

“We are working on details as to decide the prerequisite requirements and the minimum age to pursue a particular course. We are thinking that a person will be allowed to take only two courses at one time. Otherwise, they will come to pursue their entire degree here,” he stated.

In this way, a student can gain eight credits in one year. and over the years they can take 176 credits and then will get a degree.

“This is good for housewives also. They can come and acquire skills as well learn about whatever they want to learn” the VC explained.

Read also: Shiv Nadar’s Academy of Continuing Education aims to tap into professionals with new-age business and technical courses

Sun, 17 Jul 2022 16:54:00 -0500 en text/html
Killexams : Institute for Divorce Financial Analysts (IDFA)

What Is the Institute for Divorce Financial Analysts (IDFA)?

The Institute for Divorce Financial Analysts (IDFA) is an organization committed to educating financial professionals about specific issues relating to divorce. The Institute for Divorce Financial Analysts certifies members who complete its modular study program, which highlights divorce tax law and asset distribution.

People going through a divorce can contact the IDFA, which will help them find a suitable agent to help them through divorce proceedings.

Key Takeaways

  • The Institute for Divorce Financial Analysts (IDFA) educates financial professionals about issues related to divorce.
  • The IDFA trains certified divorce financial analysts (CDFAs) in divorce settlement tax consequences and asset distribution.
  • CDFAs can also act as divorce settlement mediators and consultants for a client's lawyer.
  • CDFAs collect and analyze a client's financial data, making recommendations to the client about budgeting, setting retirement objectives, and determining investment risk levels.
  • To earn the CDFA designation, candidates must meet the prerequisites established by the IDFA and pass an exam.

Understanding the Institute for Divorce Financial Analysts (IDFA)

The IDFA trains certified divorce financial analysts, or CDFAs, who help support the divorce process. These analysts are schooled in the various tax consequences that result from divorce settlements and can help with equitable asset distribution of the divorcing couple's property and estate. The CDFA can also act as a consultant for a client's lawyer or serve as a mediator during the settlement proceedings.

A certified divorce financial analyst (CDFA) is not a lawyer and may not provide legal advice. CDFAs do not replace lawyers in a divorce case but limit their work to the financial analysis related to divorce.

IDFA Activities

The IDFA calls itself "the authority on divorce planning theory and application in North America. IDFA will establish standards for certification of divorce financial analysts that are objective, reliable, and meet the current benchmarks for certifying bodies. The IDFA helps to ensure the financial health and welfare of the divorcing public through the accreditation of individuals as Certified Divorce Financial Analysts."

Practitioners with the certification have an understanding of the short-term and long-term effects of dividing property, analyzing pensions and retirement plans, determining if the client can afford the marital home, and if not, what they can afford, as well as recognizing the tax consequences of different settlement proposals.

Much of the role involves collecting the client’s financial data and performing analysis, then presenting different scenarios and talking through the client’s budget and expenses. They help clients collect financial and expense data, identify their future financial goals, make a budget, set retirement objectives, determine how much risk they are willing to take with their investments, and help identify what kind of lifestyle they want.

According to a 2020 report from the Census Bureau, the U.S. divorce rate fell from 9.7 new divorces per 1,000 women age 15 and over in 2009 to 7.6 in 2019.

Requirements for CDFA Designation

To gain the CDFA designation, candidates must have a minimum of three years of professional experience and a bachelor's degree. If the candidate does not have a bachelor's degree, five years of relevant experience are required.

Experience includes working in financial planning or family law practice, or experience must include three or more in the following areas:

  1. Tax code
  2. Investment advisory or management
  3. Real estate, mortgage lending, and reverse mortgages
  4. Financial therapist or coach
  5. Life and disability insurance

CDFA Examination

To earn the CDFA designation, candidates must pass an test consisting of 150 multiple-choice questions. Candidates will have four hours to take the test and must pass with a score of 75% or higher.

The IDFA offers four methods for CDFA candidates to earn their designation: self-study, self-paced eLearning, virtual classroom, or test only. The IDFA designed the program to be completed in one year, although most candidates complete it in three to four months.

To pass the exam, candidates must study a range of courses covering the financial aspects of divorce. These courses include an overview of divorce laws and procedures, marital property, fundamentals of spousal and child support, and tax issues related to selling and transferring property.

To retain the CDFA designation after successfully passing the exam, holders must remain in good standing with the IDFA, pay an annual renewal fee, and obtain 30 divorce-related hours of continuing education every two years. The self-study course has been accepted by the Certified Financial Planner (CFP) board and qualifies for 20.5 hours of CFP board credit.

Mon, 18 Jul 2022 12:00:00 -0500 en text/html
Killexams : Trust students to work and study No result found, try new keyword!In light of these issues, there are many actions that have been taken by the Ministry of Higher Education (MOHE) and universities. Thu, 04 Aug 2022 23:38:50 -0500 en-my text/html Killexams : Six Reasons Entrepreneurs Like Richard Yu Encourage Higher Education

August 05, 2022

As the world increasingly progresses, technology advances, and society changes, the demand for higher education also increases. More and more jobs require not only a college degree but also graduate-level training or certification even to be considered for a position.

As the founder of the Richard Yu program, Richard Yu is no stranger to higher education. In fact, he's a big proponent of it. Here are six reasons why entrepreneurs like Yu encourage higher education and some suggestions for how to pay for it.

Benefits of a higher education

There are many benefits to pursuing higher education. A college degree can increase job opportunities, higher salaries, and better career advancement potential.

College allows students to learn new skills and knowledge that can be applied in the workforce. In addition, higher education institutions offer resources and support that can help students succeed in their studies and prepare for their future careers.

1. More job opportunities

As mentioned before, with the way the job market is changing, more and more jobs are requiring at least a college degree. If you don't have a higher education, your pool of potential jobs is automatically smaller than someone who does have a higher education.

2. Higher salaries

In general, people with higher education degrees also tend to earn higher salaries. While there are always exceptions to this rule, in general, employers are willing to pay more for someone with the educational background and training they are looking for.

According to a study by The Pew Research Center in 2013, people who have earned a four-year college degree earn an average of $17,500 more per year than those with only a high school diploma. In addition to making more money, people with higher education degrees are also more likely to have access to better health insurance and retirement benefits.

3. Job security

Not only do people with higher education usually have an easier time finding a job, but they also tend to have more job security. This is because employers are often more hesitant to let go of employees with the skills and training they need.

Unemployment rates are often lower for people with higher education degrees. In 2017, the unemployment rate for people with a bachelor's degree or higher was 2.5%, while the rate for those with only a high school diploma was 4.8%.

4. Greater advancement opportunities

Once you have a foot in the door with a company, it's often easier to advance within the company if you have a higher education. According to a Georgetown Center on Education and the Workforce study, people with bachelor's degrees are twice as likely to be promoted from entry-level jobs.

5. Larger knowledge base

As evident as it is, another benefit of continuing your education is that it will make you a more knowledgeable, well-rounded individual. In addition to the knowledge you gain from taking specific courses, higher education also teaches essential life skills such as time management, problem-solving, and critical thinking. These skills are valuable not only for the workforce but also in everyday life.

6. Better social connections

One of the great things about attending college is that you will have the opportunity to meet new people and make new friends. These social connections can be beneficial both personally and professionally. A study by the University of Arizona showed that people with strong social networks are happier and more successful in their personal and professional lives.

How to Pay for College

Now that we've discussed some of the reasons why you should pursue higher education let's talk about how to pay for it. Funding your education can be one of the biggest obstacles to overcome, but there are several ways to make it more affordable.

Apply for scholarships

One way to pay for college is to apply for scholarships. Scholarships are financial awards that do not have to be repaid. They are usually based on academic achievement, athletic ability, or other factors.

Many scholarships are available, like the Richard Yu Scholarship, and you may be surprised at how easy it is to qualify for some of them. In addition to academic and athletic scholarships, scholarships are available for people with specific interests or backgrounds.

Financial Aid

Another way to pay for college is to apply for financial aid. Financial aid is money available to help you pay for your education. It can come from the federal government, state government, or your school.

You must fill out the Free Application for Federal Student Aid (FAFSA) to apply for financial aid. The FAFSA is a form that collects information about your family's finances and your educational plans. It is used to determine how much financial aid you are eligible for.

Private Loans

You can also get financial aid from private sources, like banks or other lending institutions. Personal loans usually have higher interest rates than federal loans, so you should only consider them as a last resort.

Work Study Programs

Another way to pay for college is to participate in a work-study program. Work-study programs are federally funded programs that provide part-time jobs for students with financial needs. The money you earn from your job can help pay for your education.

Final Thoughts

As you can see, there are many reasons why you should pursue higher education. The benefits of a college education are numerous, from increasing your earnings potential to gaining important life skills.

If you're thinking about going to college, or if you're already in college, be sure to take advantage of the available resources. There are several ways to make your education more affordable, and many scholarships and financial aid programs are available to help you pay for it.

What are your thoughts on the importance of a college education? Let us know in the comments below!

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Fri, 05 Aug 2022 03:00:00 -0500 en text/html
Killexams : How to Stop Outages in Your Kubernetes Clusters [Case Study]

How to Stop Outages in Your Kubernetes Clusters [Case Study]
Mon, 08/01/2022 – 12:00

InfoSec vs platform development teams

First you might discover—unsurprisingly—a lack of synchronicity between your InfoSec and platform development teams. The latter group may have assumed that the machine identity management tools used for on-premise infrastructure didn’t apply to them, given that the high volume of Kubernetes workloads being deployed on faster release cycles are consuming way more TLS certificates. The former group, meanwhile, has no visibility into how certificates are being used and configured in Kubernetes clusters, which might have enabled them to catch a misconfigured or expiring certificate before an outage could occur.

Prevent outages: Venafi Jetstack Secure

If you’re already a Venafi customer, you know how well TLS Protect works to manage machine identities. And you may be aware that Jetstack, the Venafi-owned company that created cert-manager, is popular among your developers. After all, cert-manager, an open source tool, automates the issuance and management of TLS certificates in Kubernetes environments—and it’s been downloaded more than 1 million times a day since 2021.

But like any global financial institution, you need a solution that not only can stop outages in cloud native environments but one that also gives your security teams visibility into your TLS certificate inventory, enforces policies and standardizes all instances of cert-manager while letting developers use their preferred tools. And, most important perhaps, it can scale easily.

That’s where Venafi Jetstack Secure comes in. Built on top of cert-manager, Jetstack Secure is designed specifically for enterprise usage. And our new case study, Global Bank Eliminates Kubernetes Certificate-Based Outages with Jetstack Secure describes just how Jetstack Secure helped one global bank do just that.

An excerpt from the case study:

“The first task for Jetstack Secure was to help the bank identify in-cluster certificates that could potentially trigger an outage—and the bank was surprised to find several hundred of them. With Jetstack Secure, the platform team easily revoked the offending certificates and replaced them with ones that complied with corporate security policies defined within the Venafi platform. Jetstack Secure enforced this automatically.”

This took a load off the minds of the security team. In addition:

“The security team was pleased that Jetstack Secure automates tasks such as centralized logging and monitoring because it gave them confidence that their cloud environments were managed at the same level as their on-premise ones.”

Meanwhile, development teams appreciated how Jetstack Secure brought about truly frictionless certificate-as-a-service:

“Development teams were thrilled that they no longer had to worry about the various aspects of certificate management that used to hobble speed of development—including requesting tokens, managing private keys and maintaining cert-manager across hundreds of clusters. Moreover, they could now procure and manage valid Venafi-approved certificates without having to worry about whether certificates adhered to policy.”

Want to read more? Click here to read the case study. But before you go, here’s a money quote from the bank’s vice president of security:

“Venafi and the Jetstack Secure team also provide best practice blueprints to maintain cloud security and compliance as we scale, as well as the ability to seamlessly extend our visibility across both classic on-premise and modern cloud infrastructure. That’s the closest thing to a silver bullet I’ve seen in my 25 years as a security professional.”

Related Posts

Maybe you’ve heard this one before. You’re a global bank in the process of migrating to a multicloud infrastructure using Kubernetes. And then suddenly you find yourself falling victim to outage after outage, one of which knocks out an important customer-facing app for several hours. How do you tackle the problem?


*** This is a Security Bloggers Network syndicated blog from Rss blog authored by brooke.crothers. Read the original post at:

Mon, 01 Aug 2022 07:00:00 -0500 by brooke.crothers on August 1, 2022 en-US text/html Killexams : Summer program in Hamilton focuses on teaching students job skills, financial literacy and mentorship

HAMILTON, Ohio — While some kids focus on getting away from school for the summer, a special group of students in Hamilton is focusing on learning new skills outside of the classroom.

HYPE, an acronym that stands for Hamilton Young People Empowered, is now in its seventh year, according to program CEO Pastor Shaq Mathews.

The eight-week summer program finished Thursday with 55 students receiving a certificate of completion.

Mathews said the summer program is tailored toward teaching middle and high school students about job skills, financial literacy, mentoring and being empowered.

“When you get to the moment of handing the certificates out, you see how excited the kids are," Mathews said. "The parents are here, the community is here to support these kids. It’s just such an exciting moment that every year is a new experience. It’s worth all the time, effort, the fundraising, organizing, planning, the hours that go into it."

For student-worker Lotus Emison, the program provided an opportunity to learn new skills she hadn’t previously learned throughout high school.

“I learned things about saving money that nobody at school taught me," she said. "I learned how to invest in a future me, which I wish I knew a few years ago when I was going on to do college."

Emison said she appreciated how many people went out of their way this summer to teach the students.

“If I’m willing to, there’s a lot more for me in the world. I don’t come from a great area — don’t come from a great family, it didn’t matter," Emison said. "But here at HYPE, I got to be who I wanted. I have come with now have a job. I have another job lined up because I met someone here."

Ja’ron McCloud is going into his freshman year of high school this year.

“As much as we’re having fun there is so much we’re learning — learning about our future, how to budget money," McCloud said. "For my age, I’m proud to learn about that. I’m going into high school, I need to know about this."

Hamilton Mayor Pat Moeller and City Manager Joshua Smith discussed how proud they were of the group.

“It just makes everyone stronger. I appreciate the fact, the last eight weeks, you’ve taken the time to actually see Hamilton,” Smith said.

With the summer program now done, Mathews said they now turn their attention to an after-school program that will help students study and provide tutoring.

Mathews said anyone interested in helping the program, volunteering, or having their child take part in the program, can email

'We never stopped': Hamilton nonprofit ministry continues to serve despite losing AC, broken deep freezer
Ross Schools levy defeated, officials say cuts are coming
Hamilton’s West Side Little League team hopes to continue winning tradition into regionals

Copyright 2022 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Thu, 04 Aug 2022 13:34:00 -0500 en text/html
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