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Level 6 Diploma in Financial Advice
(Adv DipFA)

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.

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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 and apply for chartered status

Get up-to-date information relating to Coronavirus.

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


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

Unit - Taxation, Trusts and Tax Compliance (TTTC)


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)


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 LIBF Level 6 Pension Transfers.

Unit - Long Term Care and Later Life Planning (LTCP)


Develops the knowledge and practical application of the different types of long-term care insurance. 

Unit - Managing Investments (MANI)


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


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


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


Adv DipFA has four units, which you can study in any order and which are assessed in different ways.

Three units are compulsory:

  • 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.

Many students choose Certificate in Long-term Care and Later Life Planning (CertLTCP). But you may wish to select another qualification, such as CeMAP Diploma,  with the minimum 100 learning hours at Level 4 or above.

For Cert LTCP you will be assessed by a two-hour Pearson VUE electronic exam. This will consist of 60 multiple-choice questions and three case studies, each with five linked multiple-choice questions.

The unit on Taxation, trusts and tax compliance (TTTC) consists of coursework and a three-hour session-based written exam with both short and long-answer questions.

For the unit on Pension transfers (PETR) you will be assessed by a three-hour session-based written exam, split into two sections:

  • Section A: based on a pre-released case study
  • Section B: standalone written questions

The unit on Managing investments (MANI) consists of coursework and a three-hour session-based written exam consisting of both short and long-answer questions.

Find out more about assessment details and exam booking

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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.


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


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