Level 6 Pension Transfers (PETR)
The demand for high quality pensions advice has increased – both generally and specifically relating to transfers.
This single module will give you all the knowledge you need on the pension transfer marketplace and help you build your practical skills so that you can excel when making your recommendations to clients.
You'll focus on developing detailed knowledge of the transfer options and their implications. You’ll also be better prepared to establish your clients' needs and be able to analyse and evaluate them in detail.
PETR is a specialist option unit within the Level 6 Diploma in Financial Advice (Adv DipFA).
When combined with either the Diploma for Financial Advisers (DipFA) or an RDR compliant qualification for Activities 4 and 6 it meets the FCA requirement for pension transfer specialists to advise on defined benefit and contribution schemes.
While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.
Fees
£540 – the price includes study materials and exam entry
Study duration
Four months
Modules
One
Recognition of prior learning
If you hold an RDR-compliant qualification in financial advice, with us or another awarding body, you can register to study PETR.
If you hold a Statement of Professional Standing (SPS) as a retail investment adviser, with us or another awarding body, you can register to study PETR.
What your studies will cover
The pension transfers market
How to apply suitable solutions to meet your customers individual circumstances
The legal and regulatory framework, especially the importance of framing advice ethically
Factors that influence critical yield
The implications of the source of a transfer and moving between different pension schemes
Entry requirements
To study Adv DipFA you must already hold a Level 4 financial advice qualification approved by the FCA with us or another awarding body. If not, please see our Level 4 Diploma for Financial Advisers (DipFA).
Your qualification at a glance
Assessments
Exam. View the assessment section for further details.
You can take your exam at a test centre or at home with remote invigilation.
Once you’ve passed you’ll receive a digital certificate. A paper copy can also be ordered for an additional fee.
Regulation
Registered with Ofqual in the Regulated Qualifications Framework (RQF)
Meets the Financial Conduct Authority's (FCA) examination standards
Module information
You can study PETR as a standalone qualification or as part of the Level 6 Diploma in Financial Advice (Adv DipFA) which can lead to chartered status.
Are you eligible for an exemption?
If you have qualifications from us or another awarding body, we may be eligible to apply for recognition of prior learning.
Since completing the qualification my confidence in advising clients has increased and I now undertake pension transfer work for other firms. I would recommend the qualification to anyone looking to gain additional knowledge in the area of retirement planning.
Adam Caga
Director RVW WealthCare Ltd
What study materials do I get?
As part of your fee, you’ll get:
access to our learning platform, Brightspace
weekly study guides
tutor-led forum with group activities
live and recorded webinars
exemplar papers
chief examiner reports
unit syllabus
access to our virtual library KnowledgeBank
online access to our student portal, MyLIBF.
Timetable
You can register for one of the following study sessions throughout the year:
Assessments
PETR is assessed by a three hour 15-minute typed exam, with a mixture of multiple-choice, short answer and long answer questions.
Your exam will be on a set date depending on which study session you join. Please refer to the timetable above for exam deadlines. You can choose to sit the exam at a test centre or through remote invigilation at home.
Exam and assessment informationContinuing professional development (CPD)
150 CPD hours can be claimed by studying PETR. These meet the requirements set out by the Financial Conduct Authority (FCA) for purposes of retention of an SPS or CPA.
PETR relates to the following FCA Exam Standards for claiming CPD:
pensions law
regulation in relation to pensions planning
aims & objectives of retirement planning including the investment issues and structure
characteristics and application of defined benefit and defined contribution schemes.
Fees
To register for the next study session, please complete the online registration form. Registration is open all year round.
You can also call our Customer Services team on +44 (0)1227 818609 or talk to them on live chat.
Corporate bookings
If you are a company and want to register a cohort of students onto PETR please email corporate@libf.ac.uk for further information.
Progression
The Pension Transfers unit is also contained within the Level 6 Diploma in Financial Advice (Adv DipFA®).
Upon completion of the PETR, you can achieve the Adv DipFA by completing the three further units in this qualification.
This will also set you on the road to achieving chartered status.
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Explore FPIR qualificationQuestions about our professional qualifications?
If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.
Our professional qualification customer services office is open:
Monday to Friday from 8.00am to 6.00pm UK time.
