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Professional Qualifications

Level 6 Diploma in Financial Advice
(Adv DipFA®)

Develop an enhanced level of skills and demonstrate the highest of professional standards with this advanced qualification which leads to Chartered status.

Two men talking

About the qualification

The Adv DipFA builds on existing Level 4 qualifications and equips you with the expertise needed to provide complex financial advice and planning services to customers. Developed in consultation with working professionals in the financial advice sector and feedback from employers, the Level 6 Diploma in Financial Advice enables you to differentiate yourself and develop skills to provide advice for a range of areas. 

The programme is delivered entirely online and although a large amount of independent study is required, you are supported with weekly study guides and dedicated tutors to assist with any queries during your course of study.

The Level 6 Diploma in Financial Advice is a Level 6 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).

Key information:

  • Structured weekly study with two study sessions available per year – see ‘Studying’ section
  • Comprehensive study materials are provided
  • Combination of coursework and paper-based exam assessment
  • Upon completion, you are able to use the ‘Adv DipFA’ designation after your name

Read Gabbi Stopp's, Head of Employee Share Ownership at ProShare, study diary on the Diploma for Financial Advisors.

Units

Adv DipFA comprises four units which can be studied in any order.

Unit - Taxation, Trusts and Tax Compliance (TTTC)

(M/505/9676)

The UK taxation and trusts legislation and regulations and how to examine existing rules and a range of data and information to develop taxation and trusts strategy for clients, within an ethical framework.

Unit - Pension Transfers (PETR)

(T/505/9677)

Interrogation of rules, legislation and regulations in order to provide appropriate recommendations on strategies to meet a client's pension transfer needs. You have the opportunity to study this unit as a standalone qualification with the Award in Pension Transfers.

Unit - Later Life Planning and Advice (LLPA)

(A/505/9678)

Strategies and considerations for developing later life strategies for clients and how to advise clients or other stakeholders on the implications of financial decisions taken in later life.

Unit - Managing Investments (MANI)

(K/505/9675)

The essential principles and theories associated with performance measurement of investments and the management of investment portfolios to achieve client objectives.

Specialist option unit

The specialist option unit must be from a specialist area of financial advice, eg mortgages. Qualifications in generic financial advice, for example, DipFA cannot be included. Credit will only be given for one specialist option unit, and this must be sufficiently different to the other units.
(Minimum 100 learning hours at Level 4 or above)

CPQ Blue Testimonial
The Adv DipFA course structure helps you stay on top of your time management and the online material is current, easy to find and plentiful in volume. The course tutors are extremely helpful and knowledgeable and the forum within the course is useful. As an adviser who is relatively new to the industry, and who previously had minimal experience in the managing investments side of advising, I have found the course has given me more confidence in my day-to-day work. Mark Fryer -Director, Fryer Glass & Co

Studying

Adv DipFA is delivered through structured weekly study guides.

Study Timetables: Please note that fees are payable if you wish to defer your studies after registration.

150 study hours per unit are recommended. The complete course is achievable within 18 - 24 months.
Your registration fee includes the following study support:
  • Online access to study materials
  • Student handbook covering key qualification features, study technique and content applicable for achieving the learning outcomes of the units
  • Online tutor support
  • Webinars
  • Online student forum and group activities
  • Exemplar coursework and exam papers

CPD

150 CPD hours per unit can be claimed by studying Adv DipFA. These meet the requirements set out by the Financial Conduct Authority (FCA) for purposes of retention of an SPS or CPA. The standards per unit are detailed below.

Visit the CPD page for further details and requirements

Assessment

Each unit is assessed through a coursework assignment and written paper-based exam:

  • The coursework element consists of one question worth 25 marks. Feedback will be given by the unit tutor.
  • The written exams consists of short and long answer questions, totalling 75 available marks.

The pass mark is 40% with a maximum of 25% attributed from the coursework assignment and a maximum of 75% from the exam.

View information on examination booking and venues

FC-learning-LIBF
DipFa
CPQ-classroom-tutorial

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Frequently Asked Questions

The registration fee includes the study text, in both book and PDF format*, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

*The Certificate for Specialists in Demand Guarantees (CSDG®) study text is not currently available online.   

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

You can find out more information about the bursaries we offer here.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.

 

After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

This is dependent on the type of examination you are sitting.

Electronic examinations

These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
 
AFA examinations

All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

If you are unable to provide the required notice due to significant mitigating circumstances such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application. 

Making a complaint

A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.

Appealing a decision

Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions. 

An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.
 
Making a result enquiry

If you believe that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you. 
 

For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk to discuss the nature of your concern and for us to offer guidance regarding the process.

... Recognition of Prior Learning (RPL)?

You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

You can find the RPL policy here.

special consideration?

You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

… reasonable adjustment?

Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 

Contact

For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.

FAQs
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