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Level 6 Diploma in Financial Advice
(Adv DipFA)

Professional qualifications

Level 6 Diploma in Financial Advice (Adv DipFA)

Do you want to go further in your career? The Adv DipFA will broaden your skillset and help you achieve chartered status.

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About the qualification

Not all financial advisers are the same. Some provide more sophisticated advice for clients who have more complex financial circumstances. With Adv DipFA, you can be one of them.

Not only will you learn how to plan and advise in complex cases, you'll gain skills that help you contribute to your company's business strategy. And if you have three years' relevant work experience, Adv DipFA could lead you to chartered status.

While you study online, we will support you with weekly study guides. Our team of dedicated tutors will also be on hand to answer your queries.

And if you have qualifications from us or another awarding organisation, we may be able to count them as credits towards Adv DipFA. See our Recognition of Prior Learning Policy.

Your studies will cover

  • How to examine the rules, data and information to develop a taxation and trusts strategy for clients
  • How to build and develop a client’s investment portfolio by selecting different products and investment strategies
  • How to simplify and understand the technical language, tools, methods and good practice
  • How to analyse, prepare and interpret financial data
  • How to apply theories, evidence and concepts in wealth management

Benefits for you

  • Varied study options to suit your learning style
  • Follow a structured course with weekly study and tutor support
  • Become eligible to apply for chartered status
  • Access to career support and guidance
  • Count your hours of study as continued professional development (CPD) towards your Statement of Professional Standing (SPS) or certificate of professional achievement (CPA)
  • Use the ‘Adv DipFA’ designation after your name, once you have completed the qualification
  • Access to research tools and industry analysis through KnowledgeBank and Financial World
  • Student membership for one year with additional benefits

Accredited Learning Support Providers (ALSP)

We understand that everyone has different learning styles. Some students prefer a qualification route with extra learning support. 

We have recognised a select number of DipFA training providers offering to help support your learning and understanding of the concepts and materials.

Find out more

Please note that using a learning support provider is entirely up to you: it is NOT a requirement of your studies.

Registration fee £460 for each unit plus a specialist option unit.

View the fee section for a full breakdown. 
The price includes study materials and exam entry.
When to apply? We have two registration periods a year.

View our timetable section for upcoming registration deadlines
Number of units             Four
Average time to complete 18 months to 2 years
Study type  This qualification is on-demand with structured weekly study guides
Study material
  • Access to our virtual library KnowledgeBank
  • Online access to our student portal MyLIBF
  • Online student forum and group activities
  • Printed student handbook
  • Exam papers
  • Coursework exemplars
  • Online study materials
  • Online tutor support
  • Webinars
Assessment type Mix of coursework and exams
Assessment provider  Depending on the module and availability, exams take place at test centres nationwide or through remote invigilation
Level 6 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF) and recognised by the Financial Conduct Authority (FCA).

Get up-to-date information relating to Coronavirus.


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

Unit - Taxation, Trusts and Tax Compliance (TTTC)

  • Developing a taxation and trusts strategy within an ethical framework
  • Advising UK clients on taxtion and the administration of trusts

Unit - Pension Transfers (PETR)

  • A thorough grounding in pension transfers
  • Applying suitable pension transfer solutions to a client's specific circumstances

Specialist option unit

If you prefer, you may choose another unit from a specialist area of financial advice, eg, mortgages, which must be sufficiently different from the other units.

Many students choose Certificate in Long-term Care and Later Life Planning (CertLTCP) or CeMAP Diploma, but you may prefer another qualification.

The unit must have a minimum of 100 learning hours and be at Level 4 or above.

Unit - Managing Investments (MANI)

  • The principles and theories associated with measuring investment performance
  • Managing investment portfolios to achieve client objectives


We teach Adv DipFA through structured weekly study guides. It has four units, which you can study in any order. The three compulsory units are:

  • Taxation, trusts and tax compliance (TTTC)
  • Managing investments (MANI)
  • Pension transfers (PETR)

You will also need to take one specialist option unit with a minimum of 100 learning hours at Level 4 or above.

You can register for one of the study sessions throughout the year. 

The study sessions for TTTC and MANI are:

 Details Date 
 Registration deadline  22 January 2021
 Course start date  15 February 2021
 Coursework deadline  27 April 2021
 Exam date  10 June 2021

 Details Date 
 Registration deadline 23 July 2021
 Course start date 16 August 2021
 Coursework deadline 26 October 2021
 Exam date 09 December 2021

The study sessions for PETR are:

 Details Date 
 Registration deadline  22 January 2021
 Course start date  15 February 2021
 Exam date  10 June 2021

 Details Date 
 Registration deadline 23 July 2021
 Course start date 16 August 2021
 Exam date 09 December 2021


We assess each unit of Adv DipFA differently.

  • TTTC and MANI – coursework and three-hour exam
  • PETR – three-hour exam

You will also need to take one specialist option unit with a minimum of 100 learning hours at Level 4 or above.

Many students choose Certificate in Long-term Care and Later Life Planning (CertLTCP), which is tested by an electronic exam. 

But you may wish to select another qualification, such as CeMAP Diploma, with the minimum 100 learning hours at Level 4 or above.

You can book your exam at test centres nationwide or through remote invigilation. 

How to book your exam

When you have successfully completed the qualification, we will post your certificate to you.


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Frequently Asked Questions

Your registration fee includes the qualification study materials, and the first sitting of your exam and/or coursework. You will also gain access to MyLIBF (our student portal). Some qualifications include a hard copy of the study text, access to student forums, tutor forum support and specimen papers.

If you need to resit your exam or coursework, you will need to register and pay for a resit.

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

Bursary information

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. 

Recognition of Prior Learning (RPL):
Recognition of Prior Learning (RPL) encompasses a student’s previous non-certificated and certificated achievements obtained through another awarding organisation. This has previously been known as an exemption.

Please read our Recognition of Prior Learning Policy as it explains the steps to take when applying. Your application will need to include certified copies of your qualification certificate or transcript.

We aim to provide an outcome within 10 working days. If we need longer, we will let you know.

Special consideration:
The Special Consideration Policy applies to students who believe they have been disadvantaged during, or before, an assessment because of an injury, illness or other unforeseen temporary circumstance beyond their control that may have adversely affected their performance in one or more assessments.

Please read our Special Consideration Policy as it explains the steps to take when applying. Your application will need to include supporting documentation.

Given the individual nature of special consideration claims, we would recommend that you contact our Student Support team on +44 (0)1227 818609 or support@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 exam date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to provide an outcome within 5 – 10 working days. It may take longer if your application is referred to the Concessionary Board.

Reasonable adjustment:
We are committed to providing an inclusive educational experience for all students, regardless of any disabilities or learning difficulties they may have and realise that, without reasonable adjustment, students may be prevented from demonstrating their true level of ability during an assessment.

Given the individual nature of reasonable adjustments, we recommend that you contact our Student Support team on +44 (0)12 2781 8609 or support@libf.ac.uk for an informal discussion before you submit your request. This will allow us to fully understand the nature of your circumstances and advise you on the type of supporting evidence required.

The Reasonable Adjustments Policy explains the steps to take when applying and has an application form included. Your application must be received, with supporting documentation, at least six weeks prior to the date when the adjustment will need to be in place.

You have 14 calendar days from your course start date to cancel your registration and arrange a refund by calling our Student and Customer Services team. You will need to return any hard copy study texts in its original condition.

After this period all fees are non-refundable and non-transferable.

If you have booked your exam with Pearson VUE (and are within the cancellation period), you will need to contact them directly at least 24 hours prior to the exam date to cancel it. Then allow at least two hours before calling our Student and Customer Services team to cancel the qualification registration and arrange a refund.

Contact Pearson VUE on +44 (0) 370 608 1915 (Europe, Middle East, Africa region).

Electronic Pearson VUE exam:
Before your registration expiry date you can cancel your exam or change your exam date, time or venue (subject to availability). You will need to contact Pearson VUE directly, giving a minimum of 24 hours’ notice online or at least one working days’ notice by phone prior to your current exam booking. For example, if your exam is booked for a Monday, the latest you can reschedule is the previous Friday.

Pearson VUE can be reached via the details given on your Important Registration Information link on MyLIBF or our ‘Exam booking and information’ page.

Session based exams (set exam date as per study timetable) including Advanced Financial Advice (AFA):
Please telephone Student & Customer Services directly to discuss your options. You may be able to change your venue, but will need to call us at least eight weeks before your exam date to check.

For all exams, 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 result enquiry:
If you believe there has been an error in the marking of your assessment, you can apply for a result enquiry.

The Assessment Result Enquiry Policy explains the steps to take when applying and has an application form included. Your application must be received within 10 working days after we have communicated your assessment results.

This policy does not apply to students who believe their performance during an assessment may have been affected by external factors, for example noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Appealing a decision:
You have the right to appeal to us to review decisions that have been made in the course of the assessment of your programme of learning. An appeal may only be submitted in relation to a final decision.

Please read our Appeals Policy as it explains the steps to take when applying, in particular section B 'making an appeal'. Your application must be received within 15 working days after we have communicated the outcome of a decision.

Making a complaint:
A complaint should be made if you are dissatisfied by one of our products or services as soon as possible, but no later than 10 working days from the date of the occurrence.

We deal with all complaints as promptly as possible and within clearly defined timescales. The stages for handling a complaint are listed in our CPQ Complaints Policy.

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