In response to a growing demand, a new qualification for professionals wishing to offer advice on pension transfers has been launched by ifs University College.
In combination with ifs University College’s Diploma for Financial Advisers (DipFA®), the Award in Pensions Transfers (AwPETR) meets the qualification requirements set out by the FCA for pensions transfers specialists.
The launch of the new qualification coincides with significant reform in the pensions sector allowing consumers greater freedom when deciding how to use their pension pots.
Commenting on the launch of AwPETR, Martin Day, Vice Principal Banking, Finance & Regulation at ifs University College said:
“Access to high quality professional advice on pensions has always been important for consumers but the recent reforms mean it is now more vital than ever. With greater freedom comes greater risk and it is essential that advisers have the advanced knowledge and understanding to be able to make appropriate recommendations.”
The Award in Pensions Transfers (AwPETR) is a single unit qualification designed to develop a comprehensive appreciation of pensions transfers regulations, the role and responsibilities of the parties involved and how to identify solutions to meet client needs.
Martin Day continued:
“The recent reforms mark some of the most significant changes that the industry has seen in recent years and the launch of this qualification is very timely. It is vital that anyone advising on pensions operates to the highest of professional and ethical standards.
For further information on the Award in Pensions Transfers, please visit: http://www.ifslearning.ac.uk/specialist-qualifications/regulated-advice/financial-advice/ifs-level-6-award-in-pension-transfers