Graded Unit 1 financial service: a case study of Standard Chartered and the Barclays, Exams of Finance

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Financial Services Graded Unit 1

HND Award

Candidate Name ： XU Yimeng

SCN:

Tutor: ZHANG Li

Due date: 14/05/

1.1 Introduction

My career is a journalist on The Daily News which was a national daily newspaper in the United Kingdom and it was founded in 1846 by Charles Dickens. My job is to write for writing the financial advice column. And in order to finish my job well, I need to have a deep understanding about each financial products of bank in the England. The reader of this column are people who have a demand about financial matters. Meanwhile, our newspaper office great hope that readers can raise questions about their own financial matters such as the least sum of deposit, the proportion of AER (Annual Equivalent Rate) and the after sale service of financial products. Then, I would have an investigation and collecting related data about the financial problems which are concentrated by readers. Finally, I would report the results of abbreviation about these problems to The Daily News. The major aim of whole report is providing a detailed report to readers. In order to accomplish it better, I should know their post of work, attributes of work (past-time job or full-time job), the level of income condition (fixed or flowed), and the structure of personal expenditure (whether often appear increased project expenditure, and how about its frequency). There is no doubt that I hope my detailed report can help readers have a successful experience about finance management. Meanwhile, there are more people knowing our newspapers and choosing us to give them advise about money management. And the academic aim is understanding different financial company in England by learning different financial products. In this report, I would prepare the documentation during my investigation, and making a relevant timescale for the investigation, present the strategy and recourses that I used for carrying out the project. I also need to analyze potential barriers that might inhibit progress and steps.

Government for company statistics:

1.3 Strategy for carrying out report and project management

The strategy primarily includes the choice of information and the arrangement of time (8 weeks). And the information mainly includes three types which are savings, investment and protection, and finding 23 companies’ customer service information. (During this time, I would accomplish the analysis and collection about the above information，and divide 8 weeks into 5 stages. First stage, I will carefully read this case. Second stage, I have an analysis about this case. Then, I will find some financial companies and having an understand about these companies from library. After that, I need to prepare an efficient detailed report to them. Finally, I will submit my report. When I do the second stage, I should identify the key factors from the case study and understand the key financial needs of Duncan and Elaine. Then, I would select providers and select two suitable financial products and services to them. Meanwhile,

important, so I will get this information by customer attitude survey and government for company statistics. For example, people prefer to have a one-year financial product which has a fixed profit such as Aldermore with a 2% profit. I plan to spend 5 days to use these ways to obtain information. I hope I can get the financial products’ risk index and their interset. It is vital for comparing the various financial products so that a suitable product can be advised for readers. Telephone surveys refer to Appendix 2 Questionnaires refer to Appendix 2

1.5 Identification of potential barriers

Problem 1: Don’t go to the library to understand different financial companies. Reason: Don’t have enough time to go to the library and read large books. The way of solution: Understand companies and obtaining information by Internet. Problem 2: Don’t get accurate results from the questionnaires. Reason: Not use suitable word in the questions. The way of solution: When drafting the questionnaires, I can simulate the answer. Then, I should carefully read the answer and having an analysis about the results. After that, alters the mistakes in the question of questionnaires. Problem3: Some information about financial products are not reliable in the newspaper. Reason: The providers give enough advertisement fees and then the ads can be put in the newspaper. The way of solution: Entering providers’ official website and carefully reading the official introduction about a certain financial product. Then, paying attention on products’ risk and profit. And whether they have extra interest.