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) – one of our members or a non-member.

In fact, we’re the only accredited body that can issue you an SPS if you’re not one of our members, as long as you meet our criteria.



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:

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:

  • completed DipFA, or an equivalent qualification
  • met the requirements of our CPD scheme, and
  • adopted our Code of Ethics.



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.

Apply through our online portal

Alternatively, you can use a paper application forms. These are available for you to download as a portable document file (pdf) but will take longer for us to process.

You’ll need to:

  1. print up the form
  2. complete it in writing
  3. scan it
  4. return it to us by email/post, and
  5. make your payment by phone.

If you’re based on the Isle of Man or on Guernsey, you will need to download a paper application form and follow the steps above.


  • £55 members
  • £110 non-members