Statements of Professional Standing (SPS)

To practise as a retail investment adviser in the UK, Guernsey or the Isle of Man, you’ll need a Statement of Professional Standing (SPS).

We're here to help – whether you’re offering financial advice in the UK, Guernsey (GsySPS) or the Isle of Man (IOMSPS) – even if you're not an LIBF member. In fact, we’re the only accredited body that can issue an SPS if you’re not one of our members, so long as you meet our criteria.

If you're already an LIBF member and hold SPS as well as a fully active financial adviser, you’re eligible for Certified Professional in Financial Advice status.

What is a ‘Statement of Professional Standing’?

An SPS is a document that the Financial Conduct Authority (FCA) requires you to hold if you wish to practise as a financial adviser. It confirms that you:

  • have successfully completed an FCA approved Level 4 qualification, such as the Diploma for Financial Advisers (DipFA)

  • have completed your annual continuing professional development (CPD) in line with FCA requirements

  • act in accordance with FCA ‘fit and proper’ standards and our Code of Ethics.

Who is eligible for an SPS?

You require an SPS if you’re actively giving investment, tax, trusts or pension advice. You will be:

  • either registered with the FCA as carrying out a post-Retail Distribution Review (RDR) activity, or

  • approved by the Financial Supervision Commission (FSC) – Isle of Man or Guernsey Financial Services Commission (GFSC).

Your SPS will be valid for 12 months. You’ll need to renew it annually if you wish to continue giving financial advice. But don’t worry, we’ll send you a renewal reminder about a month before your SPS is due to expire. You’ll also find your renewal date in your MyLIBF account.

What if I’m not currently a practising adviser?

We can offer you a Certificate of Professional Achievement (CPA). If you’re looking for your first position as a financial adviser, you’re between jobs or working in a non-advice role, CPA will help you demonstrate that you’ve:

Apply for an SPS or CPA

The quickest and easiest way to apply for a UK SPS or CPA is through on our online portal. It only takes a few minutes to apply and up to five days for us to process.

Online Portal

If you struggling to use the portal or are based on the Isle of Man or on Guernsey, you will need to complete the SPS/CPA form. Please be aware that this will take longer for us to process.


£55 members

£110 non-members

Employers and networks

Save your employees time! We can process all the SPS applications for your firm in bulk.

Contact customerservices@libf.ac.uk or phone 01227 818609 for more information.

If your firm needs to report an FCA breach for your SPS holder(s), please complete our FCA Regulatory Breach form (pdf).


Our Professional Services Register is searchable and shows individuals who currently hold one or more of our professional services, including SPS.

Search the register

Contact us about your membership

If you have any questions about our membership, please contact our membership team by emailing membership@libf.ac.uk.