Free course

Managing my financial journey

Free statement of participation on completion
Managing my financial journey

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 is 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 workplace.

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.

Please note that the forum referred to in course videos is no longer available.

This course is presented on OpenLearn with the kind support of True Potential LLPExternal link 6. If you want to know more about the work of the True Potential Centre for the Public Understanding of Finance (PUFin) and its mission to improve personal financial capability, check out the centre’s website7. The centre, generously funded by True Potential LLP, has a mission to develop teaching and undertake research to help improve public financial capability.

Requirements

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 the free course Managing my money may be an advantage.

Course learning outcomes

After studying this course, you should be able to:

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

First Published: 29/04/2016

Updated: 05/02/2020

You can start this course right now without signing-up. Click on any of the course content sections below to start at any point in this course.
If you want to be able to track your progress, earn a free Statement of Participation, and access all course quizzes and activities, sign-up.

Course content

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371