Two colleagues collaborate on a PETR project while reviewing information on a digital tablet.

Financial services Level 6 Pension Transfers (PETR)

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.

Key information


  • £540 – the price includes study materials and exam entry

Study duration

  • Four months


  • 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

Your qualification at a glance


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.


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.


You can register for one of the following study sessions throughout the year:


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 information

Continuing 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.

Visit the CPD page for further details and requirements


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.

Registration fee


includes materials and exam entry
Additional costs

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.

Request more information


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.

You may also be interested in

Level 6 Diploma in Financial Advice (Adv DipFA)

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Level 6 Financial Planning in Retirement (FPIR)

FPIR will develop your knowledge and understanding across a broad range of areas relevant to later life financial planning – enabling you to offer advice in more areas, from pensions and inheritance tax to long-term care and equity release.

Explore FPIR qualification

Contact us about our professional qualifications

If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.

Our office is open Monday to Friday from 8.00am to 6.00pm GMT.