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Question 5 (25 marks | Word limit: 450 words) LO1: Explain the role of ethical frameworks and professional standards within the Financial planning profession. (a)

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Question 5 (25 marks | Word limit: 450 words) LO1: Explain the role of ethical frameworks and professional standards within the Financial planning profession. (a) Briefly explain how a profession differs from an occupational group, an be professional to be regarded as a profession. (10 marks] (b] Explain the purpose of a 'profession'. Provide a justified and reasoned di that financial planning is a profession, providing examples to support yo 15 marks Criteria-Based Marking Guide for Question 5(a)-(b) Excellent [Range: 20-23 marks) Satisfactory (Range: 12.3-16.5 marks) Unsatisfactory [Range: 0-12 marks] *Comprehensive explanation of how a * adequate explanation of how i inadequate explanation of how a profession differs from an occupational profession differs from a occupational profession differs from an occupational Proup comprehensive discussion of the * adequate discussion of the purpose of * inadequate discussion of the purpose of : purpose of a profession and what it a profession with some justination to profession and what it means for the means for the financial planning support the position taken financial planning industry, with no or industry (including comprehensive and # some evidence of supporting research irrelevant justification to support the new ant just cation to support the position taken ora lot of posicion argued position taken!) in the response evidence of relevant, * meorno evidence of supporting independent supporting research

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