The London Institute of Banking & Finance (LIBF) and Practical Financial Exams Limited have today announced that Practical Investment Planning (PIP) has now been formally recognised by LIBF as an eligible specialist unit for its Advanced Diploma in Financial Advice (Adv DipFA).
Leading to eligibility for chartered status, the Adv DipFA is one of the most respected RQF Level 6 UK Financial Planning qualifications.
To complete the Adv DipFA, candidates need to complete four units as follows:
- Taxation, Trusts and Tax Compliance (TTTC)
- Managing Investments (MANI)
- either Pension Transfers (PETR) or Financial Planning in Retirement (FPIR)
- a specialist unit.
The specialist unit can be the Practical Investment Planning (PIP) qualification.
Michael Pashley, Managing Director at Practical Financial Exams Limited, commented:
“As PIP is coursework based, we believe it can be comfortably sat alongside the three compulsory Adv DipFA units, providing a practical context for many of the technical concepts. Alternatively, it can be tackled on its own outside the pressure of the other units. We’d recommend that anyone planning to, or already undergoing, their chartered journey with the LIBF consider PIP as their chosen specialist unit.
“My team and I are absolutely delighted with this recognition, and we look forward to working with the LIBF going forward. It enables us to provide our PIP candidates not only with a brilliant qualification, but to help with their LIBF Advanced Diploma and chartered status as well.”
John Somerville, Head of Financial Services at LIBF said:
“Investment planning is an important skill for any adviser, but particularly for those with clients who have more complex needs. As a qualification, Practical Investment Planning fits in well with our ethos of providing qualifications that take a practical approach and really bring learning to life.
"It also mirrors some of the innovative approaches we take in the assessment of individuals’ skills and knowledge. Practical Financial Exams Limited’s accreditation process is very robust and to a very high standard, so it’s an organisation that we are happy to endorse.”
To use PIP towards the Adv DipFA, Adv DipFA candidates need to complete the LIBF’s Recognition of Prior Learning form and email it to firstname.lastname@example.org.
See LIBF’s Recognition of Prior Learning Policy (pdf)
Find out more about PIP and enrol